Ligitek Electronics Co (ROCO:8111) Days Payable : 45.90 (As of Mar. 2024)

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What is Ligitek Electronics Co Days Payable?

Ligitek Electronics Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$70.5 Mil. Ligitek Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$140.1 Mil. Hence, Ligitek Electronics Co's Days Payable for the three months ended in Mar. 2024 was 45.90.

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

ROCO:8111' s Days Payable Range Over the Past 10 Years
Min: 44.83 Med: 63.19 Max: 83.13
Current: 45.48

During the past 13 years, Ligitek Electronics Co's highest Days Payable was 83.13. The lowest was 44.83. And the median was 63.19.

ROCO:8111's Days Payable is ranked worse than
72.37% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs ROCO:8111: 45.48

Ligitek Electronics Co's Days Payable declined from Mar. 2023 (47.53) to Mar. 2024 (45.90). It may suggest that Ligitek Electronics Co accelerated paying its suppliers.

Ligitek Electronics Co Days Payable Historical Data

The historical data trend for Ligitek Electronics 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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Ligitek Electronics Co Days Payable Chart

Ligitek Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

62.87

75.40

63.50

54.67

44.83

Ligitek Electronics Co 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															47.53	44.53	46.21	41.36	45.90

Competitive Comparison of Ligitek Electronics Co's Days Payable

For the Electronic Components subindustry, Ligitek Electronics 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.

Ligitek Electronics Co's Days Payable Distribution in the Hardware Industry

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

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

Ligitek Electronics 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.

Ligitek Electronics 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
=	( (78.595	+	63.015)	/	2 )	/	576.457	*	365
=	70.805					/	576.457	*	365
=	44.83

Ligitek Electronics Co'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
=	( (63.015	+	77.936)	/	2 )	/	140.094	*	365 / 4
=	70.4755					/	140.094	*	365 / 4
=	45.90

Ligitek Electronics Co Days Payable Related Terms

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Ligitek Electronics Co (ROCO:8111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Ligitek Electronics Co Ltd (ROCO:8111) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.238, Bo-Ai Street, Shulin District, New Taipei, TWN

Website

https://www.ligitek.com

Ligitek Electronics Co Ltd engages in manufacturing, processing and trading of various electronic components like Light Emitting Diodes, monitors, along with import/export trading, agent, distribution, bidding and quotation businesses of the above related products and raw materials. It offers LED components, LED backlights and displays and light bars, leads, PCBs and reflectors for SMD; and automotive, invisible, super bright and special LEDs. The geographical markets of the group are Taiwan, Americas, Europe, Asia and Others.

Ligitek Electronics Co (ROCO:8111) Headlines

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