Europtronic Group (SGX:E23) Days Payable: 24,367.26 (As of Sep. 2017) — 30367% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

What is Europtronic Group Days Payable?

Europtronic Group SGX:E23 Days Payable is 24,367.26 as of Sep. 2017, which is 30367% above its 10-year median of 79.98. The stock has 2 warning signs investors should review.

Europtronic Group's average Accounts Payable for the three months ended in Sep. 2017 was S$34.72 Mil. Europtronic Group's Cost of Goods Sold for the three months ended in Sep. 2017 was S$0.13 Mil. Hence, Europtronic Group's Days Payable for the three months ended in Sep. 2017 was 24,367.26.

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

During the past 13 years, Europtronic Group's highest Days Payable was 117.96. The lowest was 0.00. And the median was 79.98.

SGX:E23's Days Payable is not ranked *
in the Hardware industry.
Industry Median: 69.605
* Ranked among companies with meaningful Days Payable only.

Europtronic Group's Days Payable increased from Sep. 2016 (0.00) to Sep. 2017 (24,367.26). It may suggest that Europtronic Group delayed paying its suppliers.


Europtronic Group Days Payable Historical Data

* Premium members only.

The historical data trend for Europtronic Group'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.

Europtronic Group Days Payable Chart

Europtronic Group Annual Data
Trend Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 129.29 63.55 151.99 1,969.06 16,208.52

Europtronic Group Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 16,689.83 28,246.64 24,367.26

Europtronic Group Days Payable Competitor Comparison

For the Electronic Components subindustry, Europtronic Group'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.


Europtronic Group Days Payable vs Hardware Industry

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

* The bar in red indicates where Europtronic Group's Days Payable falls into.



Europtronic Group 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.

Europtronic Group's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable (A: Dec. 2016 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2015 ) + Accounts Payable (A: Dec. 2016 )) / count ) / Cost of Goods Sold (A: Dec. 2016 )*Days in Period
=( (33.403 + 27.168) / 2 ) / 0.682*365
=30.2855 / 0.682*365
=16,208.52

Europtronic Group's Days Payable for the quarter that ended in Sep. 2017 is calculated as:

Days Payable (Q: Sep. 2017 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Jun. 2017 ) + Accounts Payable (Q: Sep. 2017 )) / count ) / Cost of Goods Sold (Q: Sep. 2017 )*Days in Period
=( (34.715 + 0) / 1 ) / 0.13*365 / 4
=34.715 / 0.13*365 / 4
=24,367.26

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 24,367.26 mean?
Europtronic Group (SGX:E23) has a Days Payable of 24,367.26 as of Sep. 2017. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Europtronic Group and its competitors. This is 30367% above median its historical median of 79.98.
Is Europtronic Group's Days Payable too high?
Europtronic Group's current Days Payable of 24,367.26 is 30367% above median its 10-year median of 79.98. The Hardware industry median Days Payable is 69.61. Europtronic Group's value of 24,367.26 is 34907.9% above this industry median.
How does Europtronic Group's Days Payable compare to competitors?
Europtronic Group's Days Payable of 24,367.26 can be compared against companies in the Hardware industry. The industry median Days Payable is 69.61. Europtronic Group's value of 24,367.26 is 34907.9% above this benchmark. While the company's 10-year median is 79.98 vs. the industry median of 69.61, Europtronic Group has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Hardware company?
The median Days Payable among Hardware companies is 69.61, based on 2,440 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Europtronic Group's current Days Payable of 24,367.26 is 34907.9% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Europtronic Group and its competitors. For the Hardware industry, the median Days Payable is 69.61 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Europtronic Group's current Days Payable is 24,367.26, which is 30367% above median its own 10-year median of 79.98. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Europtronic Group stock overvalued right now?
Europtronic Group (SGX:E23) has a current Days Payable of 24,367.26. The current Days Payable is 24,367.26, which is 30367% above median its 10-year median of 79.98 and 34907.9% above the Hardware industry median of 69.61. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Europtronic Group (SGX:E23), the current Days Payable is 24,367.26 as of Sep. 2017. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Europtronic Group Business Description

Europtronic Group Ltd is a China-based investment holding company. The company is primarily engaged in production, distribution, and marketing of electronic components. The Company operates in two segments namely, Manufacturing segment comprises of producing of film capacitors, interference suppression capacitors (X2), snubber capacitors, DC Link capacitors and AC capacitors which also contributes a major part of revenue; and Distribution segment distributes other active and passive components, such as fuses, resistors, capacitors, inductors, crystals, opto-devices, liquid crystal display (LCD) panels and other related products. Most of its revenue is earned through the China market while it also has a presence in Singapore, Taiwan, and Hong Kong market.