Space Shuttle Hi-Tech Co (TPE:2440) Days Payable : 3.20 (As of Mar. 2024)

View and export this data going back to 2000. Start your Free Trial

What is Space Shuttle Hi-Tech Co Days Payable?

Space Shuttle Hi-Tech Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$27 Mil. Space Shuttle Hi-Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$762 Mil. Hence, Space Shuttle Hi-Tech Co's Days Payable for the three months ended in Mar. 2024 was 3.20.

The historical rank and industry rank for Space Shuttle Hi-Tech Co's Days Payable or its related term are showing as below:

TPE:2440' s Days Payable Range Over the Past 10 Years
Min: 3.43 Med: 20.84 Max: 53.27
Current: 3.43

During the past 13 years, Space Shuttle Hi-Tech Co's highest Days Payable was 53.27. The lowest was 3.43. And the median was 20.84.

TPE:2440's Days Payable is ranked worse than
99.42% of 2937 companies
in the Industrial Products industry
Industry Median: 76.66 vs TPE:2440: 3.43

Space Shuttle Hi-Tech Co's Days Payable declined from Mar. 2023 (10.27) to Mar. 2024 (3.20). It may suggest that Space Shuttle Hi-Tech Co accelerated paying its suppliers.

Space Shuttle Hi-Tech Co Days Payable Historical Data

The historical data trend for Space Shuttle Hi-Tech 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.

* Premium members only.

Space Shuttle Hi-Tech Co Days Payable Chart

Space Shuttle Hi-Tech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

22.03

15.09

11.12

13.55

6.87

Space Shuttle Hi-Tech 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															10.27	4.47	2.30	2.38	3.20

Competitive Comparison of Space Shuttle Hi-Tech Co's Days Payable

For the Electrical Equipment & Parts subindustry, Space Shuttle Hi-Tech 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.

Space Shuttle Hi-Tech Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Space Shuttle Hi-Tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Space Shuttle Hi-Tech Co's Days Payable falls into.

Space Shuttle Hi-Tech 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.

Space Shuttle Hi-Tech 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
=	( (89.021	+	19.653)	/	2 )	/	2888.134	*	365
=	54.337					/	2888.134	*	365
=	6.87

Space Shuttle Hi-Tech 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
=	( (19.653	+	33.788)	/	2 )	/	762.429	*	365 / 4
=	26.7205					/	762.429	*	365 / 4
=	3.20

Space Shuttle Hi-Tech Co Days Payable Related Terms

Thank you for viewing the detailed overview of Space Shuttle Hi-Tech Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Space Shuttle Hi-Tech Co (TPE:2440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Space Shuttle Hi-Tech Co Ltd (TPE:2440) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9th floor-2, Number 23, HUANKE 1ST ROAD, ZHUBEI CITY, Hsin-chu Hsien, TWN

Website

http://www.spaces.com.tw/en

Space Shuttle Hi-Tech Co Ltd is principally engaged in in the re-processing of copper and the manufacture and sales of wires, cables, and optical fiber patch cords. The company generates majority of the revenue from selling Copper materials. The company mainly operates in Asia , hence all the revenues come from Asia itself.

Space Shuttle Hi-Tech Co (TPE:2440) Headlines

No Headlines