Max Echo Technology (ROCO:5228) Days Payable : 21.06 (As of Mar. 2024)

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What is Max Echo Technology Days Payable?

Max Echo Technology's average Accounts Payable for the three months ended in Mar. 2024 was NT$23.5 Mil. Max Echo Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$101.6 Mil. Hence, Max Echo Technology's Days Payable for the three months ended in Mar. 2024 was 21.06.

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

ROCO:5228' s Days Payable Range Over the Past 10 Years
Min: 21.67 Med: 31.47 Max: 40.22
Current: 21.67

During the past 13 years, Max Echo Technology's highest Days Payable was 40.22. The lowest was 21.67. And the median was 31.47.

ROCO:5228's Days Payable is ranked worse than
94.42% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs ROCO:5228: 21.67

Max Echo Technology's Days Payable declined from Mar. 2023 (31.66) to Mar. 2024 (21.06). It may suggest that Max Echo Technology accelerated paying its suppliers.

Max Echo Technology Days Payable Historical Data

The historical data trend for Max Echo 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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Max Echo Technology Days Payable Chart

Max Echo Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.66

32.98

28.12

30.00

22.91

Max Echo Technology Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															31.66	22.37	16.63	15.40	21.06

Competitive Comparison of Max Echo Technology's Days Payable

For the Electronic Components subindustry, Max Echo 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.

Max Echo Technology's Days Payable Distribution in the Hardware Industry

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

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

Max Echo 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.

Max Echo Technology'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
=	( (40.898	+	11.484)	/	2 )	/	417.271	*	365
=	26.191					/	417.271	*	365
=	22.91

Max Echo Technology's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (11.484	+	35.417)	/	2 )	/	101.619	*	365 / 4
=	23.4505					/	101.619	*	365 / 4
=	21.06

Max Echo Technology Days Payable Related Terms

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Max Echo Technology (ROCO:5228) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Max Echo Technology Corp (ROCO:5228) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 15, Jingke E. Road, Nantun District, Taichung, TWN, 408

Website

http://www.maxecho.com.tw

Max Echo Technology Corp is a Taiwan based company engaged in manufacturing and selling SMD multilayer inductor and bead. Its products include multilayer GHz high-frequency ferrite chip beads, multilayer ferrite chip beads, multilayer balun transformers, and multilayer power inductors.

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