Cirtek Holdings Philippines (PHS:TECH) Days Payable : 102.14 (As of Sep. 2024)

View and export this data going back to 2011. Start your Free Trial

What is Cirtek Holdings Philippines Days Payable?

Cirtek Holdings Philippines's average Accounts Payable for the three months ended in Sep. 2024 was ₱843 Mil. Cirtek Holdings Philippines's Cost of Goods Sold for the three months ended in Sep. 2024 was ₱753 Mil. Hence, Cirtek Holdings Philippines's Days Payable for the three months ended in Sep. 2024 was 102.14.

The historical rank and industry rank for Cirtek Holdings Philippines's Days Payable or its related term are showing as below:

PHS:TECH' s Days Payable Range Over the Past 10 Years
Min: 57.77 Med: 85.47 Max: 125.11
Current: 122.12

During the past 13 years, Cirtek Holdings Philippines's highest Days Payable was 125.11. The lowest was 57.77. And the median was 85.47.

PHS:TECH's Days Payable is ranked better than
81.72% of 974 companies
in the Semiconductors industry
Industry Median: 52.37 vs PHS:TECH: 122.12

Cirtek Holdings Philippines's Days Payable increased from Sep. 2023 (63.43) to Sep. 2024 (102.14). It may suggest that Cirtek Holdings Philippines delayed paying its suppliers.

Cirtek Holdings Philippines Days Payable Historical Data

The historical data trend for Cirtek Holdings Philippines'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.

* Premium members only.

Cirtek Holdings Philippines Days Payable Chart

Cirtek Holdings Philippines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

61.40

69.70

100.45

107.14

125.11

Cirtek Holdings Philippines Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															63.43	159.62	128.99	132.55	102.14

Competitive Comparison of Cirtek Holdings Philippines's Days Payable

For the Semiconductor Equipment & Materials subindustry, Cirtek Holdings Philippines'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.

Cirtek Holdings Philippines's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Cirtek Holdings Philippines's Days Payable distribution charts can be found below:

* The bar in red indicates where Cirtek Holdings Philippines's Days Payable falls into.

Cirtek Holdings Philippines 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.

Cirtek Holdings Philippines's Days Payable for the fiscal year that ended in Dec. 2023 is calculated as

	Days Payable (A: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2022 )	+	Accounts Payable (A: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2023 )	*	Days in Period
=	( (1138.867	+	941.882)	/	2 )	/	3035.298	*	365
=	1040.3745					/	3035.298	*	365
=	125.11

Cirtek Holdings Philippines's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (954.549	+	730.705)	/	2 )	/	752.755	*	365 / 4
=	842.627					/	752.755	*	365 / 4
=	102.14

Cirtek Holdings Philippines Days Payable Related Terms

Thank you for viewing the detailed overview of Cirtek Holdings Philippines's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cirtek Holdings Philippines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Cirtek Holdings Philippines Corp (PHS:TECH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TCB2B.PFD:Philippines TCB2A.PFD:Philippines

Address

116 East Main Avenue, Phase V-SEZ Laguna Technopark, Laguna, Binan, PHL, 4024

Website

https://www.cirtekholdings.com

Cirtek Holdings Philippines Corp through its subsidiaries is engaged in the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test and packaging services, and the manufacture of integrated technology products. The company performs three activities which include the design, development, and delivery of the wireless industry's antenna solutions; the manufacture of value-added, integrated technology products; and the manufacture and sales of semiconductor packages as an independent subcontractor for outsourced semiconductor assembly, test, and packaging services.