China Electric Mfg (TPE:1611) Days Payable : 92.19 (As of Sep. 2024)

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What is China Electric Mfg Days Payable?

China Electric Mfg's average Accounts Payable for the three months ended in Sep. 2024 was NT$189 Mil. China Electric Mfg's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$187 Mil. Hence, China Electric Mfg's Days Payable for the three months ended in Sep. 2024 was 92.19.

The historical rank and industry rank for China Electric Mfg's Days Payable or its related term are showing as below:

TPE:1611' s Days Payable Range Over the Past 10 Years
Min: 66.01 Med: 72.13 Max: 89.98
Current: 80.2

During the past 13 years, China Electric Mfg's highest Days Payable was 89.98. The lowest was 66.01. And the median was 72.13.

TPE:1611's Days Payable is ranked better than
58.31% of 415 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 68.66 vs TPE:1611: 80.20

China Electric Mfg's Days Payable increased from Sep. 2023 (74.42) to Sep. 2024 (92.19). It may suggest that China Electric Mfg delayed paying its suppliers.

China Electric Mfg Days Payable Historical Data

The historical data trend for China Electric 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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China Electric Mfg Days Payable Chart

China Electric Mfg Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

76.16

70.80

80.18

89.98

85.25

China Electric Mfg Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															74.42	69.68	86.54	81.24	92.19

Competitive Comparison of China Electric Mfg's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, China Electric 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.

China Electric Mfg's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, China Electric Mfg's Days Payable distribution charts can be found below:

* The bar in red indicates where China Electric Mfg's Days Payable falls into.

China Electric 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.

China Electric 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
=	( (246.936	+	214.895)	/	2 )	/	988.69	*	365
=	230.9155					/	988.69	*	365
=	85.25

China Electric Mfg's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (222.767	+	155.736)	/	2 )	/	187.328	*	365 / 4
=	189.2515					/	187.328	*	365 / 4
=	92.19

China Electric Mfg Days Payable Related Terms

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China Electric Mfg Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » China Electric Mfg Corp (TPE:1611) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 124, Xingshan Road, 2nd Floor, Neihu District, Taipei, TWN, 114763

Website

https://www.chinaelectric.com.tw

China Electric Mfg Corp is principally engaged in the manufacture, distribution, and trade of lighting products in Taiwan. Its products include fluorescent lamps, bulbs, halogen lamps, high-pressure discharge lamps, steam locomotive bulbs, office lighting, residential lighting, commercial lighting, outdoor lighting, special lighting, all kinds of ballast, solar panels, solar power systems, wind power System, LED, optical fiber and water heater.

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