Weikeng Industrial Co (TPE:3033) Days Payable : 47.67 (As of Mar. 2024)

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What is Weikeng Industrial Co Days Payable?

Weikeng Industrial Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$9,088 Mil. Weikeng Industrial Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$17,395 Mil. Hence, Weikeng Industrial Co's Days Payable for the three months ended in Mar. 2024 was 47.67.

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

TPE:3033' s Days Payable Range Over the Past 10 Years
Min: 24.11 Med: 34.86 Max: 43.97
Current: 35.92

During the past 13 years, Weikeng Industrial Co's highest Days Payable was 43.97. The lowest was 24.11. And the median was 34.86.

TPE:3033's Days Payable is ranked worse than
82.98% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs TPE:3033: 35.92

Weikeng Industrial Co's Days Payable increased from Mar. 2023 (20.60) to Mar. 2024 (47.67). It may suggest that Weikeng Industrial Co delayed paying its suppliers.

Weikeng Industrial Co Days Payable Historical Data

The historical data trend for Weikeng Industrial 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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Weikeng Industrial Co Days Payable Chart

Weikeng Industrial Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

43.97

29.32

24.11

24.98

36.15

Weikeng Industrial 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															20.60	19.21	31.45	48.50	47.67

Competitive Comparison of Weikeng Industrial Co's Days Payable

For the Electronics & Computer Distribution subindustry, Weikeng Industrial 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.

Weikeng Industrial Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Weikeng Industrial Co's Days Payable falls into.

Weikeng Industrial 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.

Weikeng Industrial 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
=	( (3560.734	+	9592.848)	/	2 )	/	66401.232	*	365
=	6576.791					/	66401.232	*	365
=	36.15

Weikeng Industrial 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
=	( (9592.848	+	8583.815)	/	2 )	/	17395.128	*	365 / 4
=	9088.3315					/	17395.128	*	365 / 4
=	47.67

Weikeng Industrial Co Days Payable Related Terms

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Weikeng Industrial Co (TPE:3033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Weikeng Industrial Co Ltd (TPE:3033) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 308, Neihu Road, 11th Floor, Section 1, Neihu District, Taipei, TWN, 114

Website

https://www.weikeng.com.tw

Weikeng Industrial Co Ltd is mainly engaged in the distribution of various semiconductor electronic components, information access products, and the provision of technical services. Its product solution includes Data Center; IoT Application; Automotive; Networking; Industrial and Consumer. Geographically, it derives a majority of its revenue from China.

Weikeng Industrial Co (TPE:3033) Headlines

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