MITAC Holdings (TPE:3706) Days Payable : 168.03 (As of Dec. 2023)

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What is MITAC Holdings Days Payable?

MITAC Holdings's average Accounts Payable for the three months ended in Dec. 2023 was NT$6,731 Mil. MITAC Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$3,656 Mil. Hence, MITAC Holdings's Days Payable for the three months ended in Dec. 2023 was 168.03.

The historical rank and industry rank for MITAC Holdings's Days Payable or its related term are showing as below:

TPE:3706' s Days Payable Range Over the Past 10 Years
Min: 54.1 Med: 64.87 Max: 77.25
Current: 77.25

During the past 13 years, MITAC Holdings's highest Days Payable was 77.25. The lowest was 54.10. And the median was 64.87.

TPE:3706's Days Payable is ranked better than
57.46% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs TPE:3706: 77.25

MITAC Holdings's Days Payable increased from Dec. 2022 (53.58) to Dec. 2023 (168.03). It may suggest that MITAC Holdings delayed paying its suppliers.

MITAC Holdings Days Payable Historical Data

The historical data trend for MITAC Holdings'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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MITAC Holdings Days Payable Chart

MITAC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.62

62.61

66.99

54.31

69.82

MITAC Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															53.58	73.22	66.73	63.06	168.03

Competitive Comparison of MITAC Holdings's Days Payable

For the Computer Hardware subindustry, MITAC Holdings'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.

MITAC Holdings's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MITAC Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where MITAC Holdings's Days Payable falls into.

MITAC Holdings 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.

MITAC Holdings'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
=	( (5892.371	+	5985.817)	/	2 )	/	31046.205	*	365
=	5939.094					/	31046.205	*	365
=	69.82

MITAC Holdings's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (7477.047	+	5985.817)	/	2 )	/	3655.612	*	365 / 4
=	6731.432					/	3655.612	*	365 / 4
=	168.03

MITAC Holdings Days Payable Related Terms

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MITAC Holdings (TPE:3706) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MITAC Holdings Corp (TPE:3706) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 202, Wenhua 2nd Road, Guishan District, Taoyuan, TWN, 33383

Website

https://www.mitac.com

MITAC Holdings Corp is a holding company whose subsidiaries offer a range of electronics manufacturing services. It is engaged in designing, manufacturing, and distributing servers and storage products across various architectures in public cloud, private cloud, and hybrid cloud environments. The smart mobile device and cloud service business group build application ecosystems that bridge cloud service and smart mobile devices. It serves industries such as finance, technology, retail, education, and manufacturing. The company brands include Mio, Magellan, Navman, and Tyan.

MITAC Holdings (TPE:3706) Headlines

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