Tai Tung Communication Co (TPE:8011) Days Payable : 25.50 (As of Dec. 2023)

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What is Tai Tung Communication Co Days Payable?

Tai Tung Communication Co's average Accounts Payable for the three months ended in Dec. 2023 was NT$176 Mil. Tai Tung Communication Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$628 Mil. Hence, Tai Tung Communication Co's Days Payable for the three months ended in Dec. 2023 was 25.50.

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

TPE:8011' s Days Payable Range Over the Past 10 Years
Min: 26.18 Med: 42.32 Max: 69.98
Current: 38.42

During the past 13 years, Tai Tung Communication Co's highest Days Payable was 69.98. The lowest was 26.18. And the median was 42.32.

TPE:8011's Days Payable is ranked worse than
80.01% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TPE:8011: 38.42

Tai Tung Communication Co's Days Payable declined from Dec. 2022 (42.70) to Dec. 2023 (25.50). It may suggest that Tai Tung Communication Co accelerated paying its suppliers.

Tai Tung Communication Co Days Payable Historical Data

The historical data trend for Tai Tung Communication 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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Tai Tung Communication Co Days Payable Chart

Tai Tung Communication Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

26.18

37.07

47.56

47.75

36.07

Tai Tung Communication Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															42.70	49.83	48.90	42.92	25.50

Competitive Comparison of Tai Tung Communication Co's Days Payable

For the Communication Equipment subindustry, Tai Tung Communication 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.

Tai Tung Communication Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Tai Tung Communication Co's Days Payable falls into.

Tai Tung Communication 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.

Tai Tung Communication 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
=	( (180.707	+	158.97)	/	2 )	/	1718.506	*	365
=	169.8385					/	1718.506	*	365
=	36.07

Tai Tung Communication Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (192.123	+	158.97)	/	2 )	/	628.2	*	365 / 4
=	175.5465					/	628.2	*	365 / 4
=	25.50

Tai Tung Communication Co Days Payable Related Terms

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Tai Tung Communication Co (TPE:8011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tai Tung Communication Co Ltd (TPE:8011) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9th Floor, Number 219, Fuhui Road, Xinzhuang District, New Taipei City, TWN

Website

https://www.ttcc.com.tw

Tai Tung Communication Co Ltd is a Taiwan-based company mainly engaged in the fiber optical cables and Fiber to the Home (FTTH) related accessories business, internal and external communication cables business, power transmission cables business, manufacture and sale of other products, and wholesale and retail sale of ores. The company's business operations cover outdoor and indoor optical cables, telecommunication cable, power transmission and distribution cable, CATV trunk and distribution cable and others.

Tai Tung Communication Co (TPE:8011) Headlines

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