Zhong Yang Technology Co (TPE:6668) Days Payable : 39.69 (As of Dec. 2024)

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What is Zhong Yang Technology Co Days Payable?

Zhong Yang Technology Co's average Accounts Payable for the three months ended in Dec. 2024 was NT$91.5 Mil. Zhong Yang Technology Co's Cost of Goods Sold for the three months ended in Dec. 2024 was NT$210.3 Mil. Hence, Zhong Yang Technology Co's Days Payable for the three months ended in Dec. 2024 was 39.69.

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

TPE:6668' s Days Payable Range Over the Past 10 Years
Min: 28.19 Med: 45.23 Max: 165.68
Current: 44.15

During the past 10 years, Zhong Yang Technology Co's highest Days Payable was 165.68. The lowest was 28.19. And the median was 45.23.

TPE:6668's Days Payable is ranked worse than
72.99% of 2403 companies
in the Hardware industry
Industry Median: 68.91 vs TPE:6668: 44.15

Zhong Yang Technology Co's Days Payable increased from Dec. 2023 (36.82) to Dec. 2024 (39.69). It may suggest that Zhong Yang Technology Co delayed paying its suppliers.

Zhong Yang Technology Co Days Payable Historical Data

The historical data trend for Zhong Yang Technology 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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Zhong Yang Technology Co Days Payable Chart

Zhong Yang Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

Get a 7-Day Free Trial

44.78

39.25

28.19

35.18

43.31

Zhong Yang Technology Co Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															36.82	48.65	47.84	41.96	39.69

Competitive Comparison of Zhong Yang Technology Co's Days Payable

For the Electronic Components subindustry, Zhong Yang Technology 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.

Zhong Yang Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Zhong Yang Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhong Yang Technology Co's Days Payable falls into.

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Zhong Yang Technology 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.

Zhong Yang Technology Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (104.472	+	84.77)	/	2 )	/	797.517	*	365
=	94.621					/	797.517	*	365
=	43.31

Zhong Yang Technology Co's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (98.214	+	84.77)	/	2 )	/	210.332	*	365 / 4
=	91.492					/	210.332	*	365 / 4
=	39.69

Zhong Yang Technology Co Days Payable Related Terms

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Zhong Yang Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Zhong Yang Technology Co Ltd (TPE:6668) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 21, Gongyequ 22nd Road, Nantun District, Taichung, TWN, 40850

Website

http://www.zy-tech.com.tw

Zhong Yang Technology Co Ltd is a company engaged in the research and development, manufacturing, and sales of optical mold products. The company is also involved in the production of molds which are used to produce the lens for a cell phone, a car with the camera, and other kinds of optical modules. Its products have applications in various industries such as mobile phones, automobiles, and others.

Zhong Yang Technology Co Headlines

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