Motion Technology Electric & Machinery Co (ROCO:4589) Days Payable : 84.14 (As of Dec. 2023)

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What is Motion Technology Electric & Machinery Co Days Payable?

Motion Technology Electric & Machinery Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$143.6 Mil. Motion Technology Electric & Machinery Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$311.5 Mil. Hence, Motion Technology Electric & Machinery Co's Days Payable for the six months ended in Dec. 2023 was 84.14.

The historical rank and industry rank for Motion Technology Electric & Machinery Co's Days Payable or its related term are showing as below:

ROCO:4589' s Days Payable Range Over the Past 10 Years
Min: 82.17 Med: 92.74 Max: 102.82
Current: 82.17

During the past 3 years, Motion Technology Electric & Machinery Co's highest Days Payable was 102.82. The lowest was 82.17. And the median was 92.74.

ROCO:4589's Days Payable is ranked better than
53.66% of 2937 companies
in the Industrial Products industry
Industry Median: 76.66 vs ROCO:4589: 82.17

Motion Technology Electric & Machinery Co's Days Payable declined from Dec. 2022 (94.98) to Dec. 2023 (84.14). It may suggest that Motion Technology Electric & Machinery Co accelerated paying its suppliers.

Motion Technology Electric & Machinery Co Days Payable Historical Data

The historical data trend for Motion Technology Electric & Machinery 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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Motion Technology Electric & Machinery Co Days Payable Chart

Motion Technology Electric & Machinery Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

102.82

92.74

85.09

Motion Technology Electric & Machinery Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	-	90.44	94.98	77.92	84.14

Competitive Comparison of Motion Technology Electric & Machinery Co's Days Payable

For the Electrical Equipment & Parts subindustry, Motion Technology Electric & Machinery 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.

Motion Technology Electric & Machinery Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Motion Technology Electric & Machinery Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Motion Technology Electric & Machinery Co's Days Payable falls into.

Motion Technology Electric & Machinery 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.

Motion Technology Electric & Machinery 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
=	( (182.953	+	141.687)	/	2 )	/	696.274	*	365
=	162.32					/	696.274	*	365
=	85.09

Motion Technology Electric & Machinery 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (145.581	+	141.687)	/	2 )	/	311.537	*	365 / 2
=	143.634					/	311.537	*	365 / 2
=	84.14

Motion Technology Electric & Machinery Co Days Payable Related Terms

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Motion Technology Electric & Machinery Co (ROCO:4589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Motion Technology Electric & Machinery Co Ltd (ROCO:4589) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 72, Lane 76, Neiding 20th Street, Zhongli District, Taoyuan City, TWN, 320

Website

https://www.motiontech.com.tw

Motion Technology Electric & Machinery Co Ltd engages in the design and production of high-precision motors for use in medical appliances, electric wheelchairs, mobility scooters, elevators, and transmission systems. Its products include brush DC motors, brushless DC motors, BLDC drivers, servo motors, induction motors, and reluctance motor control.

Motion Technology Electric & Machinery Co (ROCO:4589) Headlines

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