Honey Hope Honesty Enterprise Co (ROCO:8043) Days Payable : 81.11 (As of Dec. 2023)

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What is Honey Hope Honesty Enterprise Co Days Payable?

Honey Hope Honesty Enterprise Co's average Accounts Payable for the three months ended in Dec. 2023 was NT$1,011 Mil. Honey Hope Honesty Enterprise Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$1,138 Mil. Hence, Honey Hope Honesty Enterprise Co's Days Payable for the three months ended in Dec. 2023 was 81.11.

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

ROCO:8043' s Days Payable Range Over the Past 10 Years
Min: 80.95 Med: 105.35 Max: 116.75
Current: 80.95

During the past 13 years, Honey Hope Honesty Enterprise Co's highest Days Payable was 116.75. The lowest was 80.95. And the median was 105.35.

ROCO:8043's Days Payable is ranked better than
60.14% of 2421 companies
in the Hardware industry
Industry Median: 67.83 vs ROCO:8043: 80.95

Honey Hope Honesty Enterprise Co's Days Payable declined from Dec. 2022 (90.59) to Dec. 2023 (81.11). It may suggest that Honey Hope Honesty Enterprise Co accelerated paying its suppliers.

Honey Hope Honesty Enterprise Co Days Payable Historical Data

The historical data trend for Honey Hope Honesty 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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Honey Hope Honesty Enterprise Co Days Payable Chart

Honey Hope Honesty Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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98.99

94.19

108.83

109.92

95.75

Honey Hope Honesty Enterprise Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															90.59	85.06	71.38	71.23	81.11

Competitive Comparison of Honey Hope Honesty Enterprise Co's Days Payable

For the Electronic Components subindustry, Honey Hope Honesty 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.

Honey Hope Honesty Enterprise Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Honey Hope Honesty Enterprise Co's Days Payable falls into.

Honey Hope Honesty 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.

Honey Hope Honesty 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
=	( (1482.131	+	1009.986)	/	2 )	/	4749.917	*	365
=	1246.0585					/	4749.917	*	365
=	95.75

Honey Hope Honesty 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1012.663	+	1009.986)	/	2 )	/	1137.686	*	365 / 4
=	1011.3245					/	1137.686	*	365 / 4
=	81.11

Honey Hope Honesty Enterprise Co Days Payable Related Terms

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Honey Hope Honesty Enterprise Co (ROCO:8043) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Honey Hope Honesty Enterprise Co Ltd (ROCO:8043) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8th floor, Number 316, Section 1, Neihu Road, Neihu District, Taipei, TWN

Website

https://www.threehhh.com.tw

Honey Hope Honesty Enterprise Co Ltd is engaged in the distribution of professional electronic components. The company focuses on trading of electronic parts and agency for the distribution of domestic and foreign manufacturers' products in Taiwan and Asia. It distributes multilayer capacitors, chip inductors, chip Pai Yung, High-Frequency Chip Inductors and others.

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