OToBrite Electronic (ROCO:2256) Days Payable : 82.68 (As of Jun. 2024)

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What is OToBrite Electronic Days Payable?

OToBrite Electronic's average Accounts Payable for the six months ended in Jun. 2024 was NT$51.0 Mil. OToBrite Electronic's Cost of Goods Sold for the six months ended in Jun. 2024 was NT$112.5 Mil. Hence, OToBrite Electronic's Days Payable for the six months ended in Jun. 2024 was 82.68.

The historical rank and industry rank for OToBrite Electronic's Days Payable or its related term are showing as below:

ROCO:2256' s Days Payable Range Over the Past 10 Years
Min: 16.63 Med: 93.18 Max: 117.2
Current: 61.03

During the past 5 years, OToBrite Electronic's highest Days Payable was 117.20. The lowest was 16.63. And the median was 93.18.

ROCO:2256's Days Payable is ranked worse than
53.13% of 1280 companies
in the Vehicles & Parts industry
Industry Median: 65.29 vs ROCO:2256: 61.03

OToBrite Electronic's Days Payable increased from Jun. 2023 (63.44) to Jun. 2024 (82.68). It may suggest that OToBrite Electronic delayed paying its suppliers.

OToBrite Electronic Days Payable Historical Data

The historical data trend for OToBrite Electronic'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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OToBrite Electronic Days Payable Chart

OToBrite Electronic Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

16.63

93.18

117.20

111.75

60.10

OToBrite Electronic Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial					139.71	109.98	63.44	53.35	82.68

Competitive Comparison of OToBrite Electronic's Days Payable

For the Auto Parts subindustry, OToBrite Electronic'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.

OToBrite Electronic's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, OToBrite Electronic's Days Payable distribution charts can be found below:

* The bar in red indicates where OToBrite Electronic's Days Payable falls into.

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OToBrite Electronic 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.

OToBrite Electronic'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
=	( (34.755	+	60.139)	/	2 )	/	288.154	*	365
=	47.447					/	288.154	*	365
=	60.10

OToBrite Electronic's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (60.139	+	41.779)	/	2 )	/	112.485	*	365 / 2
=	50.959					/	112.485	*	365 / 2
=	82.68

OToBrite Electronic Days Payable Related Terms

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OToBrite Electronic Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » OToBrite Electronic Inc (ROCO:2256) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Zhanye 2nd Road, Hsinchu Science Park, 6th Floor, Hsinchu, TWN

Website

https://www.otobrite.com

OToBrite Electronic Inc is dedicated to developing driver safety system products and artificial intelligence technologies. With a vision to provide vehicle imaging systems and driver assistance systems, oToBrite strives to make driving simpler and safer and to contribute to the development of automated driving technology.

OToBrite Electronic Headlines

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