Universal Electronics (STU:UE1) Days Payable : 73.79 (As of Mar. 2024)

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What is Universal Electronics Days Payable?

Universal Electronics's average Accounts Payable for the three months ended in Mar. 2024 was €49.0 Mil. Universal Electronics's Cost of Goods Sold for the three months ended in Mar. 2024 was €60.6 Mil. Hence, Universal Electronics's Days Payable for the three months ended in Mar. 2024 was 73.79.

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

STU:UE1' s Days Payable Range Over the Past 10 Years
Min: 59.3 Med: 73.53 Max: 77.35
Current: 62.25

During the past 13 years, Universal Electronics's highest Days Payable was 77.35. The lowest was 59.30. And the median was 73.53.

STU:UE1's Days Payable is ranked worse than
55.75% of 2427 companies
in the Hardware industry
Industry Median: 68.09 vs STU:UE1: 62.25

Universal Electronics's Days Payable increased from Mar. 2023 (67.01) to Mar. 2024 (73.79). It may suggest that Universal Electronics delayed paying its suppliers.

Universal Electronics Days Payable Historical Data

The historical data trend for Universal 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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Universal Electronics Days Payable Chart

Universal Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.88

81.40

72.39

73.98

73.76

Universal 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															67.01	54.70	53.65	73.91	73.79

Competitive Comparison of Universal Electronics's Days Payable

For the Consumer Electronics subindustry, Universal 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.

Universal Electronics's Days Payable Distribution in the Hardware Industry

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

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

Universal 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.

Universal 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
=	( (67.376	+	52.299)	/	2 )	/	296.096	*	365
=	59.8375					/	296.096	*	365
=	73.76

Universal 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
=	( (52.299	+	45.776)	/	2 )	/	60.639	*	365 / 4
=	49.0375					/	60.639	*	365 / 4
=	73.79

Universal Electronics Days Payable Related Terms

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Universal Electronics (STU:UE1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Universal Electronics Inc (STU:UE1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

UEIC:USA

Address

15147 N. Scottsdale Road, Suite H300, Scottsdale, AZ, USA, 85254-2494

Website

https://www.uei.com

Universal Electronics Inc is a United States-based company that is principally engaged in developing and manufacturing a series of electronic products, including wireless control products, audio-video accessories, intelligent wireless automation components, and software. The company focuses on the subscription broadcast, consumer electronics and residential security markets, with customers consisting of subscription broadcasters, original equipment manufacturer, private-label brands, retailers, pro-security dealers, and companies in the computing industry. The company has a global presence and generates most of its total revenue from the United States.

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