Aces Electronic Co (TPE:3605) Days Payable : 84.18 (As of Mar. 2024)

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What is Aces Electronic Co Days Payable?

Aces Electronic Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$1,426 Mil. Aces Electronic Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,546 Mil. Hence, Aces Electronic Co's Days Payable for the three months ended in Mar. 2024 was 84.18.

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

TPE:3605' s Days Payable Range Over the Past 10 Years
Min: 59.31 Med: 73.5 Max: 82.78
Current: 77.15

During the past 13 years, Aces Electronic Co's highest Days Payable was 82.78. The lowest was 59.31. And the median was 73.50.

TPE:3605's Days Payable is ranked better than
57.27% of 2422 companies
in the Hardware industry
Industry Median: 67.69 vs TPE:3605: 77.15

Aces Electronic Co's Days Payable increased from Mar. 2023 (82.75) to Mar. 2024 (84.18). It may suggest that Aces Electronic Co delayed paying its suppliers.

Aces Electronic Co Days Payable Historical Data

The historical data trend for Aces Electronic 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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Aces Electronic Co Days Payable Chart

Aces Electronic Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.66

82.78

76.05

79.27

82.13

Aces Electronic 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															82.75	75.27	73.39	75.18	84.18

Competitive Comparison of Aces Electronic Co's Days Payable

For the Electronic Components subindustry, Aces Electronic 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.

Aces Electronic Co's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Aces Electronic Co's Days Payable falls into.

Aces Electronic 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.

Aces Electronic 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
=	( (1623.746	+	1406.926)	/	2 )	/	6734.424	*	365
=	1515.336					/	6734.424	*	365
=	82.13

Aces Electronic 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
=	( (1406.926	+	1444.66)	/	2 )	/	1545.618	*	365 / 4
=	1425.793					/	1545.618	*	365 / 4
=	84.18

Aces Electronic Co Days Payable Related Terms

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Aces Electronic Co (TPE:3605) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Aces Electronic Co Ltd (TPE:3605) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.13,Dongyuan Road, Zhongli District, Taoyuan, TWN, 32063

Website

http://www.acesconn.com

Aces Electronic Co Ltd is engaged in the electronic components business sector. The company offers connector solutions for various electronic applications like NB computers, cellular phones, digital cameras, and others. Aces provide shorter product development and production cycles for businesses. Its product portfolio consists of btb conn, card conn, battery conn, universal serial bus conn, power conn, and other. The Company has 4 reporting segments: connector, connector sets, metal stamping segment and other segment. The connector segment is mainly engaging in processing, manufacturing and selling of connectors. The connector sets segment is mainly engaging in manufacturing and sales of consumer electronics, communication peripherals and industrial connectors sets.

Aces Electronic Co (TPE:3605) Headlines

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