Hua Eng Wire & Cable Co (TPE:1608) Days Payable : 16.32 (As of Mar. 2024)

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What is Hua Eng Wire & Cable Co Days Payable?

Hua Eng Wire & Cable Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$440 Mil. Hua Eng Wire & Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,459 Mil. Hence, Hua Eng Wire & Cable Co's Days Payable for the three months ended in Mar. 2024 was 16.32.

The historical rank and industry rank for Hua Eng Wire & Cable Co's Days Payable or its related term are showing as below:

TPE:1608' s Days Payable Range Over the Past 10 Years
Min: 12.34 Med: 15.8 Max: 18.05
Current: 16.53

During the past 13 years, Hua Eng Wire & Cable Co's highest Days Payable was 18.05. The lowest was 12.34. And the median was 15.80.

TPE:1608's Days Payable is ranked worse than
96.42% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs TPE:1608: 16.53

Hua Eng Wire & Cable Co's Days Payable declined from Mar. 2023 (16.67) to Mar. 2024 (16.32). It may suggest that Hua Eng Wire & Cable Co accelerated paying its suppliers.

Hua Eng Wire & Cable Co Days Payable Historical Data

The historical data trend for Hua Eng Wire & Cable 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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Hua Eng Wire & Cable Co Days Payable Chart

Hua Eng Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

18.05

17.76

15.27

15.93

16.73

Hua Eng Wire & Cable Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															16.67	16.78	16.68	15.40	16.32

Competitive Comparison of Hua Eng Wire & Cable Co's Days Payable

For the Electrical Equipment & Parts subindustry, Hua Eng Wire & Cable 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.

Hua Eng Wire & Cable Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hua Eng Wire & Cable Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hua Eng Wire & Cable Co's Days Payable falls into.

Hua Eng Wire & Cable 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.

Hua Eng Wire & Cable 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
=	( (445.411	+	385.117)	/	2 )	/	9058.659	*	365
=	415.264					/	9058.659	*	365
=	16.73

Hua Eng Wire & Cable Co'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
=	( (385.117	+	494.686)	/	2 )	/	2459.301	*	365 / 4
=	439.9015					/	2459.301	*	365 / 4
=	16.32

Hua Eng Wire & Cable Co Days Payable Related Terms

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Hua Eng Wire & Cable Co (TPE:1608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hua Eng Wire & Cable Co Ltd (TPE:1608) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 170, Chung Cheng 4th Road, Kaohsiung, TWN

Website

https://www.hegroup.com.tw

Hua Eng Wire & Cable Co Ltd is engaged in the processing, manufacture, sale and construction of wire, cable and copper products. The company has three reportable segments: Wire segment, Cable segment and Copper segment. Wire segment produces products such as oxygen free copper wire; Cable segment produces power cable, communication cable and optical fiber cable; Copper Segment produces copper plate.

Hua Eng Wire & Cable Co (TPE:1608) Headlines

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