Cicor Technologies (XSWX:CICN) Days Payable : 86.25 (As of Dec. 2023)

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What is Cicor Technologies Days Payable?

Cicor Technologies's average Accounts Payable for the six months ended in Dec. 2023 was CHF46.2 Mil. Cicor Technologies's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF97.7 Mil. Hence, Cicor Technologies's Days Payable for the six months ended in Dec. 2023 was 86.25.

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

XSWX:CICN' s Days Payable Range Over the Past 10 Years
Min: 67.48 Med: 85.49 Max: 92.8
Current: 77.47

During the past 13 years, Cicor Technologies's highest Days Payable was 92.80. The lowest was 67.48. And the median was 85.49.

XSWX:CICN's Days Payable is ranked better than
57.5% of 2421 companies
in the Hardware industry
Industry Median: 67.87 vs XSWX:CICN: 77.47

Cicor Technologies's Days Payable declined from Dec. 2022 (94.54) to Dec. 2023 (86.25). It may suggest that Cicor Technologies accelerated paying its suppliers.

Cicor Technologies Days Payable Historical Data

The historical data trend for Cicor Technologies'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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Cicor Technologies Days Payable Chart

Cicor Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.94

82.33

91.76

86.54

67.48

Cicor Technologies Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															99.79	89.75	94.54	79.08	86.25

Competitive Comparison of Cicor Technologies's Days Payable

For the Electronic Components subindustry, Cicor Technologies'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.

Cicor Technologies's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Cicor Technologies's Days Payable falls into.

Cicor Technologies 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.

Cicor Technologies'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
=	( (39.539	+	37.05)	/	2 )	/	207.15	*	365
=	38.2945					/	207.15	*	365
=	67.48

Cicor Technologies'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (55.308	+	37.05)	/	2 )	/	97.707	*	365 / 2
=	46.179					/	97.707	*	365 / 2
=	86.25

Cicor Technologies Days Payable Related Terms

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Cicor Technologies (XSWX:CICN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Cicor Technologies Ltd (XSWX:CICN) » Definitions » Days Payable

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Traded in Other Exchanges

CICNz:UK

Address

c/o Cicor Management AG, Gebenloostrasse 15, Bronschhofen, CHE, 9552

Website

https://www.cicor.com

Cicor Technologies Ltd is engaged in the manufacturing of printed circuit boards, high-density interconnect, thin and thick film, radio frequency boards, quick turn prototypes, micro-assembly, packaging, and outsourcing of electronic modules and component groups. The company's products are used by medical technology, automotive, semiconductor, aerospace and defense, telecommunications, and watch industries. The business operates through segments are Electronic Manufacturing Services (EMS), and Advanced Substrates (AS). The Electronic Manufacturing Services segment generates maximum revenue for the company.

Cicor Technologies (XSWX:CICN) Headlines

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