High Power Lighting (ROCO:6559) Days Payable : 40.24 (As of Dec. 2023)

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What is High Power Lighting Days Payable?

High Power Lighting's average Accounts Payable for the six months ended in Dec. 2023 was NT$5.05 Mil. High Power Lighting's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$22.92 Mil. Hence, High Power Lighting's Days Payable for the six months ended in Dec. 2023 was 40.24.

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

ROCO:6559' s Days Payable Range Over the Past 10 Years
Min: 30.01 Med: 47.5 Max: 80.51
Current: 37.83

During the past 11 years, High Power Lighting's highest Days Payable was 80.51. The lowest was 30.01. And the median was 47.50.

ROCO:6559's Days Payable is ranked worse than
82.25% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs ROCO:6559: 37.83

High Power Lighting's Days Payable declined from Dec. 2022 (55.79) to Dec. 2023 (40.24). It may suggest that High Power Lighting accelerated paying its suppliers.

High Power Lighting Days Payable Historical Data

The historical data trend for High Power Lighting'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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High Power Lighting Days Payable Chart

High Power Lighting Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.55

45.78

48.82

46.17

30.01

High Power Lighting 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															62.04	51.02	55.79	43.00	40.24

Competitive Comparison of High Power Lighting's Days Payable

For the Electrical Equipment & Parts subindustry, High Power Lighting'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.

High Power Lighting's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, High Power Lighting's Days Payable distribution charts can be found below:

* The bar in red indicates where High Power Lighting's Days Payable falls into.

High Power Lighting 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.

High Power Lighting'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
=	( (5.41	+	2.797)	/	2 )	/	49.901	*	365
=	4.1035					/	49.901	*	365
=	30.01

High Power Lighting'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
=	( (7.308	+	2.797)	/	2 )	/	22.915	*	365 / 2
=	5.0525					/	22.915	*	365 / 2
=	40.24

High Power Lighting Days Payable Related Terms

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High Power Lighting (ROCO:6559) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » High Power Lighting Corp (ROCO:6559) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 173-8, Yongfeng Road, 2nd Floor, Tu Cheng District, New Taipei City, Taipei, TWN, 236

Website

http://www.hplighting.com.tw

High Power Lighting Corp is involved in packaging, manufacturing, and designing of LED products. The company offers LED Lighting, Specialty UV, and IR Lighting & Plant-Growth Lighting.

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