Taimide Tech (TPE:3645) Days Payable : 14.01 (As of Mar. 2024)

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What is Taimide Tech Days Payable?

Taimide Tech's average Accounts Payable for the three months ended in Mar. 2024 was NT$56 Mil. Taimide Tech's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$364 Mil. Hence, Taimide Tech's Days Payable for the three months ended in Mar. 2024 was 14.01.

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

TPE:3645' s Days Payable Range Over the Past 10 Years
Min: 9.38 Med: 25.22 Max: 43.96
Current: 13.8

During the past 13 years, Taimide Tech's highest Days Payable was 43.96. The lowest was 9.38. And the median was 25.22.

TPE:3645's Days Payable is ranked worse than
97.69% of 2421 companies
in the Hardware industry
Industry Median: 67.77 vs TPE:3645: 13.80

Taimide Tech's Days Payable increased from Mar. 2023 (10.01) to Mar. 2024 (14.01). It may suggest that Taimide Tech delayed paying its suppliers.

Taimide Tech Days Payable Historical Data

The historical data trend for Taimide Tech'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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Taimide Tech Days Payable Chart

Taimide Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.86

23.77

29.11

23.21

9.38

Taimide Tech 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															10.01	10.49	13.79	17.21	14.01

Competitive Comparison of Taimide Tech's Days Payable

For the Electronic Components subindustry, Taimide Tech'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.

Taimide Tech's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Taimide Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where Taimide Tech's Days Payable falls into.

Taimide Tech 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.

Taimide Tech'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
=	( (18.71	+	50.791)	/	2 )	/	1351.66	*	365
=	34.7505					/	1351.66	*	365
=	9.38

Taimide Tech'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
=	( (50.791	+	60.849)	/	2 )	/	363.555	*	365 / 4
=	55.82					/	363.555	*	365 / 4
=	14.01

Taimide Tech Days Payable Related Terms

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Taimide Tech (TPE:3645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Taimide Tech Inc (TPE:3645) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 127, Section 3, Wende Road, Xinpu Township, Hsinchu, TWN

Website

https://www.taimide.com.tw

Taimide Tech Inc is engaged in the research and development, manufacturing and sales of polyimide film (PI film) in Taiwan. It provides high modulus polyimide films, a low coefficient of thermal expansion polyimide films, and low dielectric constant polyimide films, among others.

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