Sitronix Technology (TPE:8016) Days Payable : 64.26 (As of Jun. 2024)

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What is Sitronix Technology Days Payable?

Sitronix Technology's average Accounts Payable for the three months ended in Jun. 2024 was NT$2,000 Mil. Sitronix Technology's Cost of Goods Sold for the three months ended in Jun. 2024 was NT$2,840 Mil. Hence, Sitronix Technology's Days Payable for the three months ended in Jun. 2024 was 64.26.

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

TPE:8016' s Days Payable Range Over the Past 10 Years
Min: 47.47 Med: 65.52 Max: 85.06
Current: 85.06

During the past 13 years, Sitronix Technology's highest Days Payable was 85.06. The lowest was 47.47. And the median was 65.52.

TPE:8016's Days Payable is ranked better than
71.6% of 972 companies
in the Semiconductors industry
Industry Median: 52.245 vs TPE:8016: 85.06

Sitronix Technology's Days Payable increased from Mar. 2023 (35.03) to Jun. 2024 (64.26). It may suggest that Sitronix Technology delayed paying its suppliers.

Sitronix Technology Days Payable Historical Data

The historical data trend for Sitronix Technology'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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Sitronix Technology Days Payable Chart

Sitronix Technology Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

66.19

70.65

80.52

80.60

64.84

Sitronix Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															35.03	48.36	62.17	63.84	64.26

Competitive Comparison of Sitronix Technology's Days Payable

For the Semiconductors subindustry, Sitronix Technology'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.

Sitronix Technology's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Sitronix Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Sitronix Technology's Days Payable falls into.

Sitronix Technology 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.

Sitronix Technology's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (2480.335	+	992.089)	/	2 )	/	9773.803	*	365
=	1736.212					/	9773.803	*	365
=	64.84

Sitronix Technology's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (2223.273	+	1776.184)	/	2 )	/	2839.55	*	365 / 4
=	1999.7285					/	2839.55	*	365 / 4
=	64.26

Sitronix Technology Days Payable Related Terms

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Sitronix Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Sitronix Technology Corp (TPE:8016) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5, Taiyuan 1st Street, 11th Floor-1, Hsinchu County, Jhubei, TWN, 302

Website

https://www.sitronix.com.tw

Sitronix Technology Corp is a Taiwan-based fabless semiconductor company that is principally engaged in developing, manufacturing, and selling display driver ICs. The company's major products are categorized into three types: mobile display driver ICs; industrial and automotive display driver ICs; and SoC, which refers to touch controller ICs. The company's products are mainly used in entry-level mobile phones, industrial displays, and automotive systems. Mobile display driver ICs account for over half of total revenue. The company has a business presence in Hong Kong, Vietnam, Taiwan, Korea, China and others.

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