Goldtek Technology Co (ROCO:6638) Days Payable : 70.87 (As of Dec. 2023)

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What is Goldtek Technology Co Days Payable?

Goldtek Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$434 Mil. Goldtek Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$1,118 Mil. Hence, Goldtek Technology Co's Days Payable for the six months ended in Dec. 2023 was 70.87.

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

ROCO:6638' s Days Payable Range Over the Past 10 Years
Min: 72.82 Med: 94.94 Max: 138.44
Current: 77.08

During the past 11 years, Goldtek Technology Co's highest Days Payable was 138.44. The lowest was 72.82. And the median was 94.94.

ROCO:6638's Days Payable is ranked better than
57.47% of 2422 companies
in the Hardware industry
Industry Median: 67.735 vs ROCO:6638: 77.08

Goldtek Technology Co's Days Payable increased from Dec. 2022 (64.10) to Dec. 2023 (70.87). It may suggest that Goldtek Technology Co delayed paying its suppliers.

Goldtek Technology Co Days Payable Historical Data

The historical data trend for Goldtek Technology 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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Goldtek Technology Co Days Payable Chart

Goldtek Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.84

130.84

138.44

115.03

72.82

Goldtek Technology Co Semi-Annual Data
	Dec14	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													105.22	124.87	64.10	88.87	70.87

Competitive Comparison of Goldtek Technology Co's Days Payable

For the Communication Equipment subindustry, Goldtek Technology 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.

Goldtek Technology Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Goldtek Technology Co's Days Payable falls into.

Goldtek Technology 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.

Goldtek Technology 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
=	( (451.122	+	380.02)	/	2 )	/	2083.111	*	365
=	415.571					/	2083.111	*	365
=	72.82

Goldtek Technology 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
=	( (488.56	+	380.02)	/	2 )	/	1118.308	*	365 / 2
=	434.29					/	1118.308	*	365 / 2
=	70.87

Goldtek Technology Co Days Payable Related Terms

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Goldtek Technology Co (ROCO:6638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Goldtek Technology Co Ltd (ROCO:6638) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jian 1st Road, 16th Floor, No.166, Zhonghe District, New Taipei City, TWN, 235

Website

http://www.goldtek.com

Goldtek Technology Co Ltd is engaged in customization and contract manufacturing for information and communication technology devices for various industries. Its services include software development, PCBA board level design, and turn-key solution which includes ID/ME design, hardware/software development, quality testing, manufacturing and EMC/Safety certification tests.

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