GMT Global (ROCO:4573) Days Payable : 52.78 (As of Dec. 2023)

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What is GMT Global Days Payable?

GMT Global's average Accounts Payable for the six months ended in Dec. 2023 was NT$52.6 Mil. GMT Global's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$182.0 Mil. Hence, GMT Global's Days Payable for the six months ended in Dec. 2023 was 52.78.

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

ROCO:4573' s Days Payable Range Over the Past 10 Years
Min: 22 Med: 33.08 Max: 65.71
Current: 60.16

During the past 9 years, GMT Global's highest Days Payable was 65.71. The lowest was 22.00. And the median was 33.08.

ROCO:4573's Days Payable is ranked worse than
57.91% of 2421 companies
in the Hardware industry
Industry Median: 68.09 vs ROCO:4573: 60.16

GMT Global's Days Payable declined from Dec. 2022 (83.63) to Dec. 2023 (52.78). It may suggest that GMT Global accelerated paying its suppliers.

GMT Global Days Payable Historical Data

The historical data trend for GMT Global'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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GMT Global Days Payable Chart

GMT Global Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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22.00

30.88

59.67

65.71

65.46

GMT Global Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											72.46	82.93	83.63	62.71	52.78

Competitive Comparison of GMT Global's Days Payable

For the Electronic Components subindustry, GMT Global'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.

GMT Global's Days Payable Distribution in the Hardware Industry

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

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

GMT Global 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.

GMT Global'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
=	( (66.569	+	58.067)	/	2 )	/	347.469	*	365
=	62.318					/	347.469	*	365
=	65.46

GMT Global's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (47.17	+	58.067)	/	2 )	/	181.957	*	365 / 2
=	52.6185					/	181.957	*	365 / 2
=	52.78

GMT Global Days Payable Related Terms

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GMT Global (ROCO:4573) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » GMT Global Inc (ROCO:4573) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 357, Section 1, Yaofeng Road, Puxin Township, Changhua County, Changhua, TWN, 50442

Website

https://www.gmtlinear.com

GMT Global Inc is engaged in the manufacturing of the precision die, precision dies sets and mold components. The company also helps in the fields of biomedical genetic engineering, precision optical engineering, MEMS manufacturing and other fields with the manufacturing of positioning stage elements. Its products profile include Actuators, Electric Gripper, Linear Cylinder, Optical Table, Hi-resolution stage, and others.

GMT Global (ROCO:4573) Headlines

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