Ares International (TPE:2471) Days Payable : 43.76 (As of Mar. 2024)

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What is Ares International Days Payable?

Ares International's average Accounts Payable for the three months ended in Mar. 2024 was NT$59.9 Mil. Ares International's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$124.9 Mil. Hence, Ares International's Days Payable for the three months ended in Mar. 2024 was 43.76.

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

TPE:2471' s Days Payable Range Over the Past 10 Years
Min: 36.31 Med: 44.1 Max: 51.09
Current: 41.36

During the past 13 years, Ares International's highest Days Payable was 51.09. The lowest was 36.31. And the median was 44.10.

TPE:2471's Days Payable is ranked worse than
56.03% of 2531 companies
in the Software industry
Industry Median: 50.16 vs TPE:2471: 41.36

Ares International's Days Payable increased from Mar. 2023 (34.67) to Mar. 2024 (43.76). It may suggest that Ares International delayed paying its suppliers.

Ares International Days Payable Historical Data

The historical data trend for Ares International'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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Ares International Days Payable Chart

Ares International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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42.20

36.31

44.06

44.12

44.07

Ares International 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															34.67	41.24	44.69	39.98	43.76

Competitive Comparison of Ares International's Days Payable

For the Information Technology Services subindustry, Ares International'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.

Ares International's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Ares International's Days Payable distribution charts can be found below:

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

Ares International 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.

Ares International'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
=	( (50.455	+	69.801)	/	2 )	/	498.045	*	365
=	60.128					/	498.045	*	365
=	44.07

Ares International'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
=	( (69.801	+	49.97)	/	2 )	/	124.874	*	365 / 4
=	59.8855					/	124.874	*	365 / 4
=	43.76

Ares International Days Payable Related Terms

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Ares International (TPE:2471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ares International Corp (TPE:2471) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongshan North Road, Shuanglian Building-3rd Floor, No. 111, Section 2, Taipei, TWN

Website

https://www.ares.com.tw

Ares International Corp is Taiwan based company. The company is engaged in the design, sales, lease, maintenance and technology consultation of computer equipment, internet and related software, and analysis, design, modification, installment and maintenance of application software. The major geographical regions in which the company operates are Asia, Taiwan, America and Others.

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