Chung-Hsin Electric & Machinery Mfg (TPE:1513) Days Payable : 57.02 (As of Mar. 2024)

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What is Chung-Hsin Electric & Machinery Mfg Days Payable?

Chung-Hsin Electric & Machinery Mfg's average Accounts Payable for the three months ended in Mar. 2024 was NT$2,703 Mil. Chung-Hsin Electric & Machinery Mfg's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$4,326 Mil. Hence, Chung-Hsin Electric & Machinery Mfg's Days Payable for the three months ended in Mar. 2024 was 57.02.

The historical rank and industry rank for Chung-Hsin Electric & Machinery Mfg's Days Payable or its related term are showing as below:

TPE:1513' s Days Payable Range Over the Past 10 Years
Min: 31.48 Med: 43.16 Max: 79.7
Current: 65.43

During the past 13 years, Chung-Hsin Electric & Machinery Mfg's highest Days Payable was 79.70. The lowest was 31.48. And the median was 43.16.

TPE:1513's Days Payable is ranked worse than
58.41% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs TPE:1513: 65.43

Chung-Hsin Electric & Machinery Mfg's Days Payable declined from Mar. 2023 (82.82) to Mar. 2024 (57.02). It may suggest that Chung-Hsin Electric & Machinery Mfg accelerated paying its suppliers.

Chung-Hsin Electric & Machinery Mfg Days Payable Historical Data

The historical data trend for Chung-Hsin Electric & Machinery Mfg'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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Chung-Hsin Electric & Machinery Mfg Days Payable Chart

Chung-Hsin Electric & Machinery Mfg Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.51

63.87

70.56

79.70

75.21

Chung-Hsin Electric & Machinery Mfg 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															82.82	93.18	56.80	51.30	57.02

Competitive Comparison of Chung-Hsin Electric & Machinery Mfg's Days Payable

For the Specialty Industrial Machinery subindustry, Chung-Hsin Electric & Machinery Mfg'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.

Chung-Hsin Electric & Machinery Mfg's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chung-Hsin Electric & Machinery Mfg's Days Payable distribution charts can be found below:

* The bar in red indicates where Chung-Hsin Electric & Machinery Mfg's Days Payable falls into.

Chung-Hsin Electric & Machinery Mfg 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.

Chung-Hsin Electric & Machinery Mfg'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
=	( (3774.529	+	2706.023)	/	2 )	/	15725.953	*	365
=	3240.276					/	15725.953	*	365
=	75.21

Chung-Hsin Electric & Machinery Mfg'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
=	( (2706.023	+	2700.493)	/	2 )	/	4326.229	*	365 / 4
=	2703.258					/	4326.229	*	365 / 4
=	57.02

Chung-Hsin Electric & Machinery Mfg Days Payable Related Terms

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Chung-Hsin Electric & Machinery Mfg (TPE:1513) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chung-Hsin Electric & Machinery Mfg Corp (TPE:1513) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 25, Wen-Te Road, Lo Shan Tsun, Guishan District, Taoyuan, TWN, 33383

Website

https://www.chem.com.tw

Chung-Hsin Electric & Machinery Mfg Corp is a manufacturer of power generation machinery and equipment and its related parts, air-conditioners, dehumidifiers, and meters. The company's products include chillers, generator sets, high voltage circuit breakers, smart grid electric power automation equipment, customized fuel cell systems, methanol reformers, handheld document terminals, industrial computers and parking facilities, among others. Its operating segments include Electricity Power; Service and Engineering and other. The company generates maximum revenue from the Electricity Power segment.

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