Airtac International Group (TPE:1590) Days Payable : 22.54 (As of Mar. 2024)

View and export this data going back to 2010. Start your Free Trial

What is Airtac International Group Days Payable?

Airtac International Group's average Accounts Payable for the three months ended in Mar. 2024 was NT$941 Mil. Airtac International Group's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,810 Mil. Hence, Airtac International Group's Days Payable for the three months ended in Mar. 2024 was 22.54.

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

TPE:1590' s Days Payable Range Over the Past 10 Years
Min: 20.54 Med: 28.07 Max: 39.59
Current: 20.54

During the past 13 years, Airtac International Group's highest Days Payable was 39.59. The lowest was 20.54. And the median was 28.07.

TPE:1590's Days Payable is ranked worse than
94.86% of 2936 companies
in the Industrial Products industry
Industry Median: 76.415 vs TPE:1590: 20.54

Airtac International Group's Days Payable declined from Mar. 2023 (23.67) to Mar. 2024 (22.54). It may suggest that Airtac International Group accelerated paying its suppliers.

Airtac International Group Days Payable Historical Data

The historical data trend for Airtac International 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.

* Premium members only.

Airtac International Group Days Payable Chart

Airtac International Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

22.75

26.45

27.27

27.83

23.21

Airtac International Group 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															23.67	17.58	20.02	22.64	22.54

Competitive Comparison of Airtac International Group's Days Payable

For the Specialty Industrial Machinery subindustry, Airtac International 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.

Airtac International Group's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Airtac International Group's Days Payable distribution charts can be found below:

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

Airtac International 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.

Airtac International Group'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
=	( (1085.319	+	958.453)	/	2 )	/	16072.37	*	365
=	1021.886					/	16072.37	*	365
=	23.21

Airtac International Group'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
=	( (958.453	+	924.213)	/	2 )	/	3810.294	*	365 / 4
=	941.333					/	3810.294	*	365 / 4
=	22.54

Airtac International Group Days Payable Related Terms

Thank you for viewing the detailed overview of Airtac International Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Airtac International Group (TPE:1590) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Airtac International Group (TPE:1590) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 28, Kanxi Road, Xinshi District, Tainan, TWN, 74148

Website

https://global.airtac.com

Established in Taiwan in 1989, AirTAC International Group specializes in producing actuators, control components, air preparation products, and accessories, which are widely used in industrial automation, including industries such as automotive, machinery manufacturing, electronics, lighting and textile, medical equipment and food and packaging. The firm is the second-largest pneumatic equipment manufacturer in China, with more than 20% market share. AirTAC reported revenue of TWD 26.1 billion in 2022, with more than 90% of sales generated from China.

Airtac International Group (TPE:1590) Headlines

No Headlines