Cystech Electronics (ROCO:6651) Days Payable : 36.96 (As of Mar. 2024)

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What is Cystech Electronics Days Payable?

Cystech Electronics's average Accounts Payable for the three months ended in Mar. 2024 was NT$84 Mil. Cystech Electronics's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$207 Mil. Hence, Cystech Electronics's Days Payable for the three months ended in Mar. 2024 was 36.96.

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

ROCO:6651' s Days Payable Range Over the Past 10 Years
Min: 39.97 Med: 62.32 Max: 71.16
Current: 39.97

During the past 11 years, Cystech Electronics's highest Days Payable was 71.16. The lowest was 39.97. And the median was 62.32.

ROCO:6651's Days Payable is ranked worse than
78.04% of 2427 companies
in the Hardware industry
Industry Median: 68.09 vs ROCO:6651: 39.97

Cystech Electronics's Days Payable declined from Mar. 2023 (52.94) to Mar. 2024 (36.96). It may suggest that Cystech Electronics accelerated paying its suppliers.

Cystech Electronics Days Payable Historical Data

The historical data trend for Cystech Electronics'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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Cystech Electronics Days Payable Chart

Cystech Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.16

68.90

63.46

54.64

43.06

Cystech Electronics 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															52.94	45.24	35.62	37.76	36.96

Competitive Comparison of Cystech Electronics's Days Payable

For the Electronic Components subindustry, Cystech Electronics'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.

Cystech Electronics's Days Payable Distribution in the Hardware Industry

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

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

Cystech Electronics 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.

Cystech Electronics'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
=	( (120.57	+	87.258)	/	2 )	/	880.912	*	365
=	103.914					/	880.912	*	365
=	43.06

Cystech Electronics'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
=	( (87.258	+	80.787)	/	2 )	/	207.439	*	365 / 4
=	84.0225					/	207.439	*	365 / 4
=	36.96

Cystech Electronics Days Payable Related Terms

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Cystech Electronics (ROCO:6651) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cystech Electronics Corp (ROCO:6651) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Chung Cheng Road, 13F-7, No.716, Zhong Ho District, New Taipei City, TWN, 235

Website

http://www.cystekec.com

Cystech Electronics Corp develops and supplies power devices and transistor. It offers integrated circuits, bioplar & digital transistor, MOSFET Data, rectifier, and SCR. The company's products applied in computing, consumer electronics, communications, and industrial segments.

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