Array (ROCO:3664) Days Payable : 184.17 (As of Mar. 2024)

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What is Array Days Payable?

Array's average Accounts Payable for the three months ended in Mar. 2024 was NT$74.8 Mil. Array's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$37.1 Mil. Hence, Array's Days Payable for the three months ended in Mar. 2024 was 184.17.

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

ROCO:3664' s Days Payable Range Over the Past 10 Years
Min: 49.83 Med: 67.11 Max: 149.87
Current: 122.56

During the past 13 years, Array's highest Days Payable was 149.87. The lowest was 49.83. And the median was 67.11.

ROCO:3664's Days Payable is ranked better than
78.09% of 2424 companies
in the Hardware industry
Industry Median: 68.08 vs ROCO:3664: 122.56

Array's Days Payable declined from Mar. 2023 (219.49) to Mar. 2024 (184.17). It may suggest that Array accelerated paying its suppliers.

Array Days Payable Historical Data

The historical data trend for Array'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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Array Days Payable Chart

Array Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.18

62.35

71.86

90.96

134.65

Array Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															219.49	175.39	113.62	77.16	184.17

Competitive Comparison of Array's Days Payable

For the Communication Equipment subindustry, Array'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.

Array's Days Payable Distribution in the Hardware Industry

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

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

Array 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.

Array'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
=	( (64.2	+	84.858)	/	2 )	/	202.024	*	365
=	74.529					/	202.024	*	365
=	134.65

Array's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (84.858	+	64.705)	/	2 )	/	37.052	*	365 / 4
=	74.7815					/	37.052	*	365 / 4
=	184.17

Array Days Payable Related Terms

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Array (ROCO:3664) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Array Inc (ROCO:3664) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1371 McCarthy Boulverad, George Town, Milpitas, CA, USA, 95035

Website

https://www.arraynetworks.com

Array Inc is engaged in the research, manufacturing and sale of application delivery controllers, high-end SSL VPN systems, remote desktop access solutions, application acceleration and WAN optimization controllers. Its products include Network Functions Platforms; Load Balancers SSL; VPNs SSL Interceptor; Web Application Firewall; and Management Platform. The group operates majorly in the United States.

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