Major Power Technology Co (ROCO:6720) Days Payable : 50.07 (As of Dec. 2023)

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What is Major Power Technology Co Days Payable?

Major Power Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$30.1 Mil. Major Power Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$109.6 Mil. Hence, Major Power Technology Co's Days Payable for the six months ended in Dec. 2023 was 50.07.

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

ROCO:6720' s Days Payable Range Over the Past 10 Years
Min: 18.43 Med: 32.18 Max: 52.44
Current: 47.12

During the past 8 years, Major Power Technology Co's highest Days Payable was 52.44. The lowest was 18.43. And the median was 32.18.

ROCO:6720's Days Payable is ranked worse than
54.88% of 964 companies
in the Semiconductors industry
Industry Median: 51.69 vs ROCO:6720: 47.12

Major Power Technology Co's Days Payable declined from Dec. 2022 (51.85) to Dec. 2023 (50.07). It may suggest that Major Power Technology Co accelerated paying its suppliers.

Major Power Technology Co Days Payable Historical Data

The historical data trend for Major Power 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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Major Power Technology Co Days Payable Chart

Major Power Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

31.80

35.38

44.18

52.44

32.55

Major Power Technology Co Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									55.25	55.85	51.85	58.77	50.07

Competitive Comparison of Major Power Technology Co's Days Payable

For the Semiconductors subindustry, Major Power 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.

Major Power Technology Co's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Major Power Technology Co's Days Payable distribution charts can be found below:

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

Major Power 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.

Major Power 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
=	( (24.314	+	14.569)	/	2 )	/	218.04	*	365
=	19.4415					/	218.04	*	365
=	32.55

Major Power 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
=	( (45.555	+	14.569)	/	2 )	/	109.562	*	365 / 2
=	30.062					/	109.562	*	365 / 2
=	50.07

Major Power Technology Co Days Payable Related Terms

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Major Power Technology Co (ROCO:6720) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Major Power Technology Co Ltd (ROCO:6720) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6-1, Duxing Road, 2nd Floor, Hsinchu Science Park, East District, Hsinchu, TWN, 30070

Website

https://www.major-power.com.tw

Major Power Technology Co Ltd is a Taiwan-based IC design company involved in the development of Hall sensor and analog Power management components. Its product offerings include Buck, Boost, and Hall IC.

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