Mirle Automation Co (TPE:2464) Days Payable : 192.18 (As of Mar. 2024)

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What is Mirle Automation Co Days Payable?

Mirle Automation Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$2,515 Mil. Mirle Automation Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,194 Mil. Hence, Mirle Automation Co's Days Payable for the three months ended in Mar. 2024 was 192.18.

The historical rank and industry rank for Mirle Automation Co's Days Payable or its related term are showing as below:

TPE:2464' s Days Payable Range Over the Past 10 Years
Min: 85.79 Med: 129.21 Max: 157.08
Current: 157.08

During the past 13 years, Mirle Automation Co's highest Days Payable was 157.08. The lowest was 85.79. And the median was 129.21.

TPE:2464's Days Payable is ranked better than
78.72% of 2928 companies
in the Industrial Products industry
Industry Median: 76.585 vs TPE:2464: 157.08

Mirle Automation Co's Days Payable increased from Mar. 2023 (154.28) to Mar. 2024 (192.18). It may suggest that Mirle Automation Co delayed paying its suppliers.

Mirle Automation Co Days Payable Historical Data

The historical data trend for Mirle Automation Co'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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Mirle Automation Co Days Payable Chart

Mirle Automation Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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149.05

155.36

134.09

134.92

152.59

Mirle Automation Co 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															154.28	171.25	132.09	148.69	192.18

Competitive Comparison of Mirle Automation Co's Days Payable

For the Specialty Industrial Machinery subindustry, Mirle Automation Co'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.

Mirle Automation Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Mirle Automation Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Mirle Automation Co's Days Payable falls into.

Mirle Automation Co 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.

Mirle Automation Co'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
=	( (3477.272	+	2617.632)	/	2 )	/	7289.725	*	365
=	3047.452					/	7289.725	*	365
=	152.59

Mirle Automation Co'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
=	( (2617.632	+	2411.472)	/	2 )	/	1193.925	*	365 / 4
=	2514.552					/	1193.925	*	365 / 4
=	192.18

Mirle Automation Co Days Payable Related Terms

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Mirle Automation Co (TPE:2464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Mirle Automation Co Ltd (TPE:2464) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.3, R&D Road II, Science Park, Hsinchu, TWN, 30076

Website

https://www.mirle.com.tw

Mirle Automation Co Ltd is one of the leaders in automation system integrators and related product manufacturers. The Corporation is mainly engaged in the business of automation equipment systems and its components various parking facilities, medical equipment and the design, development, production and sale of the automation equipment used in these products, and also provides after-sales services for the products. It is also engaged in the leasing business and develops and sells software and databases that are used in automation equipment. Moreover, the corporation also provides construction planning, installation, consulting, and maintenance services for the above products.

Mirle Automation Co (TPE:2464) Headlines

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