Ostin Technology Group Co (Ostin Technology Group Co) Days Payable : 74.11 (As of Sep. 2023)

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What is Ostin Technology Group Co Days Payable?

Ostin Technology Group Co's average Accounts Payable for the six months ended in Sep. 2023 was $8.88 Mil. Ostin Technology Group Co's Cost of Goods Sold for the six months ended in Sep. 2023 was $21.87 Mil. Hence, Ostin Technology Group Co's Days Payable for the six months ended in Sep. 2023 was 74.11.

The historical rank and industry rank for Ostin Technology Group Co's Days Payable or its related term are showing as below:

OST' s Days Payable Range Over the Past 10 Years
Min: 47 Med: 49.58 Max: 92.21
Current: 52.73

During the past 5 years, Ostin Technology Group Co's highest Days Payable was 92.21. The lowest was 47.00. And the median was 49.58.

OST's Days Payable is ranked worse than
65.28% of 2422 companies
in the Hardware industry
Industry Median: 67.735 vs OST: 52.73

Ostin Technology Group Co's Days Payable increased from Sep. 2022 (39.29) to Sep. 2023 (74.11). It may suggest that Ostin Technology Group Co delayed paying its suppliers.

Ostin Technology Group Co Days Payable Historical Data

The historical data trend for Ostin Technology Group Co's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Ostin Technology Group Co Days Payable Chart

Ostin Technology Group Co Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

92.21

48.29

49.58

47.00

56.18

Ostin Technology Group Co Semi-Annual Data
	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial				48.70	51.67	39.29	35.96	74.11

Competitive Comparison of Ostin Technology Group Co's Days Payable

For the Electronic Components subindustry, Ostin Technology Group Co's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Ostin Technology Group Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Ostin Technology Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Ostin Technology Group Co's Days Payable falls into.

Ostin Technology Group Co Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Ostin Technology Group Co's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (6.279	+	10.798)	/	2 )	/	55.472	*	365
=	8.5385					/	55.472	*	365
=	56.18

Ostin Technology Group Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (6.964	+	10.798)	/	2 )	/	21.869	*	365 / 2
=	8.881					/	21.869	*	365 / 2
=	74.11

Ostin Technology Group Co Days Payable Related Terms

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Ostin Technology Group Co (Ostin Technology Group Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ostin Technology Group Co Ltd (NAS:OST) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Kechuang Road, Building 2, 101/201, Qixia District, Nanjing, CHN, 210046

Website

http://www.austinelec.com

Ostin Technology Group Co Ltd is a supplier of display modules and polarizers in China. It designs, develops, and manufactures TFT-LCD modules in a wide range of sizes and customized sizes according to the specifications of its customers. Its display modules are mainly used in consumer electronics, commercial LCD displays, and automotive displays. The company also manufactures polarizers used in the TFT-LCD display modules and is in the process of developing polarizers for the OLED display panel.