Elitegroup Computer Systems Co (TPE:2331) Days Payable : 75.60 (As of Mar. 2024)

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What is Elitegroup Computer Systems Co Days Payable?

Elitegroup Computer Systems Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$2,432 Mil. Elitegroup Computer Systems Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,936 Mil. Hence, Elitegroup Computer Systems Co's Days Payable for the three months ended in Mar. 2024 was 75.60.

The historical rank and industry rank for Elitegroup Computer Systems Co's Days Payable or its related term are showing as below:

TPE:2331' s Days Payable Range Over the Past 10 Years
Min: 58.61 Med: 65.1 Max: 81.8
Current: 64.62

During the past 13 years, Elitegroup Computer Systems Co's highest Days Payable was 81.80. The lowest was 58.61. And the median was 65.10.

TPE:2331's Days Payable is ranked worse than
53.45% of 2421 companies
in the Hardware industry
Industry Median: 68.09 vs TPE:2331: 64.62

Elitegroup Computer Systems Co's Days Payable declined from Mar. 2023 (77.14) to Mar. 2024 (75.60). It may suggest that Elitegroup Computer Systems Co accelerated paying its suppliers.

Elitegroup Computer Systems Co Days Payable Historical Data

The historical data trend for Elitegroup Computer Systems 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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Elitegroup Computer Systems Co Days Payable Chart

Elitegroup Computer Systems Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

64.05

66.62

60.34

58.61

66.14

Elitegroup Computer Systems 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															77.14	52.42	73.65	64.86	75.60

Competitive Comparison of Elitegroup Computer Systems Co's Days Payable

For the Computer Hardware subindustry, Elitegroup Computer Systems 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.

Elitegroup Computer Systems Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Elitegroup Computer Systems Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Elitegroup Computer Systems Co's Days Payable falls into.

Elitegroup Computer Systems 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.

Elitegroup Computer Systems 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
=	( (3635.919	+	2368.624)	/	2 )	/	16568.98	*	365
=	3002.2715					/	16568.98	*	365
=	66.14

Elitegroup Computer Systems 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
=	( (2368.624	+	2495.541)	/	2 )	/	2935.735	*	365 / 4
=	2432.0825					/	2935.735	*	365 / 4
=	75.60

Elitegroup Computer Systems Co Days Payable Related Terms

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Elitegroup Computer Systems Co (TPE:2331) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elitegroup Computer Systems Co Ltd (TPE:2331) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 239, Ti Ding Boulevard, Section 2, Taipei, TWN, 11493

Website

https://www.ecs.com.tw

Elitegroup Computer Systems Co Ltd is a Taiwan-based electronics manufacturer that provides manufactured goods and services. The company engages in building and selling computer equipment and offers maintenance solutions for computer equipment as well. Its suite of products includes motherboards, desktop computers, notebook computers, and other parts and products. The majority of the firm's revenue is generated in Asia from the sales of computer equipment.

Elitegroup Computer Systems Co (TPE:2331) Headlines

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