Hold-Key Electric Wire & Cable Co (TPE:1618) Days Payable : 35.74 (As of Mar. 2024)

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What is Hold-Key Electric Wire & Cable Co Days Payable?

Hold-Key Electric Wire & Cable Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$329 Mil. Hold-Key Electric Wire & Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$840 Mil. Hence, Hold-Key Electric Wire & Cable Co's Days Payable for the three months ended in Mar. 2024 was 35.74.

The historical rank and industry rank for Hold-Key Electric Wire & Cable Co's Days Payable or its related term are showing as below:

TPE:1618' s Days Payable Range Over the Past 10 Years
Min: 17.66 Med: 25.42 Max: 41.7
Current: 31.16

During the past 13 years, Hold-Key Electric Wire & Cable Co's highest Days Payable was 41.70. The lowest was 17.66. And the median was 25.42.

TPE:1618's Days Payable is ranked worse than
86.88% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs TPE:1618: 31.16

Hold-Key Electric Wire & Cable Co's Days Payable declined from Mar. 2023 (36.18) to Mar. 2024 (35.74). It may suggest that Hold-Key Electric Wire & Cable Co accelerated paying its suppliers.

Hold-Key Electric Wire & Cable Co Days Payable Historical Data

The historical data trend for Hold-Key Electric 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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Hold-Key Electric Wire & Cable Co Days Payable Chart

Hold-Key Electric Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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36.27

41.70

27.07

23.77

20.91

Hold-Key Electric 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															36.18	33.88	25.35	29.23	35.74

Competitive Comparison of Hold-Key Electric Wire & Cable Co's Days Payable

For the Electronics & Computer Distribution subindustry, Hold-Key Electric 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.

Hold-Key Electric Wire & Cable Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hold-Key Electric Wire & Cable Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hold-Key Electric Wire & Cable Co's Days Payable falls into.

Hold-Key Electric 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.

Hold-Key Electric 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
=	( (186.863	+	260.501)	/	2 )	/	3905.374	*	365
=	223.682					/	3905.374	*	365
=	20.91

Hold-Key Electric 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
=	( (260.501	+	397.791)	/	2 )	/	840.296	*	365 / 4
=	329.146					/	840.296	*	365 / 4
=	35.74

Hold-Key Electric Wire & Cable Co Days Payable Related Terms

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Hold-Key Electric Wire & Cable Co (TPE:1618) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Hold-Key Electric Wire & Cable Co Ltd (TPE:1618) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Fuxing South Road, 3rd Floor, No. 36-9, Section 1, Zhongshan District, Taipei City, TWN, 104

Website

https://www.hold-key.com.tw

Hold-Key Electric Wire & Cable Co Ltd is engaged in the manufacture and sells XLPE power cables, electric cables, aluminum cables, rubber cables, communication cables, fiber optic cables, LAN cables, cable accessories, etc., and is also engaged in the import and export of the aforementioned products and lease of properties. The company has two operating segments; the Wires and Cables Segment, and the Others Segment. The Group mainly operates in Taiwan, Europe, USA, and Asia. it derives a majority of its revenue from Taiwan.

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