Horng Tong Enterprise Co (ROCO:5271) Days Payable : 128.17 (As of Dec. 2023)

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What is Horng Tong Enterprise Co Days Payable?

Horng Tong Enterprise Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$154.1 Mil. Horng Tong Enterprise Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$219.4 Mil. Hence, Horng Tong Enterprise Co's Days Payable for the six months ended in Dec. 2023 was 128.17.

The historical rank and industry rank for Horng Tong Enterprise Co's Days Payable or its related term are showing as below:

ROCO:5271' s Days Payable Range Over the Past 10 Years
Min: 91.52 Med: 123.08 Max: 157.34
Current: 132.58

During the past 13 years, Horng Tong Enterprise Co's highest Days Payable was 157.34. The lowest was 91.52. And the median was 123.08.

ROCO:5271's Days Payable is ranked better than
81.25% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs ROCO:5271: 132.58

Horng Tong Enterprise Co's Days Payable declined from Dec. 2022 (154.18) to Dec. 2023 (128.17). It may suggest that Horng Tong Enterprise Co accelerated paying its suppliers.

Horng Tong Enterprise Co Days Payable Historical Data

The historical data trend for Horng Tong Enterprise 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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Horng Tong Enterprise Co Days Payable Chart

Horng Tong Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

119.14

133.13

147.61

157.34

140.62

Horng Tong Enterprise Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															131.48	159.61	154.18	128.95	128.17

Competitive Comparison of Horng Tong Enterprise Co's Days Payable

For the Computer Hardware subindustry, Horng Tong Enterprise 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.

Horng Tong Enterprise Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Horng Tong Enterprise Co's Days Payable falls into.

Horng Tong Enterprise 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.

Horng Tong Enterprise Co'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
=	( (167.428	+	168.882)	/	2 )	/	436.472	*	365
=	168.155					/	436.472	*	365
=	140.62

Horng Tong Enterprise Co'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
=	( (139.31	+	168.882)	/	2 )	/	219.41	*	365 / 2
=	154.096					/	219.41	*	365 / 2
=	128.17

Horng Tong Enterprise Co Days Payable Related Terms

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Horng Tong Enterprise Co (ROCO:5271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Horng Tong Enterprise Co Ltd (ROCO:5271) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3F Unit 7-8, Zhong-Xing Road, Section 1, Wugo District, New Taipei City, TWN, 248

Website

http://www.hometom.com.tw

Horng Tong Enterprise Co Ltd is a Taiwan based connector provider company. The company is engaged in designing, manufacturing and sales of consumer electronics products. Its main products include Motherboard, Notebook, connectors and TV/SET TOP BOX.

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