Apex Dynamics (TPE:4583) Days Payable : 19.11 (As of Mar. 2024)

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What is Apex Dynamics Days Payable?

Apex Dynamics's average Accounts Payable for the three months ended in Mar. 2024 was NT$69 Mil. Apex Dynamics's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$331 Mil. Hence, Apex Dynamics's Days Payable for the three months ended in Mar. 2024 was 19.11.

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

TPE:4583' s Days Payable Range Over the Past 10 Years
Min: 16.93 Med: 20.63 Max: 27.39
Current: 17.82

During the past 8 years, Apex Dynamics's highest Days Payable was 27.39. The lowest was 16.93. And the median was 20.63.

TPE:4583's Days Payable is ranked worse than
95.84% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs TPE:4583: 17.82

Apex Dynamics's Days Payable declined from Mar. 2023 (20.38) to Mar. 2024 (19.11). It may suggest that Apex Dynamics accelerated paying its suppliers.

Apex Dynamics Days Payable Historical Data

The historical data trend for Apex Dynamics'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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Apex Dynamics Days Payable Chart

Apex Dynamics Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.26

19.69

16.93

20.63

27.39

Apex Dynamics Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															20.38	12.91	22.36	21.31	19.11

Competitive Comparison of Apex Dynamics's Days Payable

For the Specialty Industrial Machinery subindustry, Apex Dynamics'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.

Apex Dynamics's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Apex Dynamics's Days Payable distribution charts can be found below:

* The bar in red indicates where Apex Dynamics's Days Payable falls into.

Apex Dynamics 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.

Apex Dynamics'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
=	( (111.751	+	67.764)	/	2 )	/	1195.994	*	365
=	89.7575					/	1195.994	*	365
=	27.39

Apex Dynamics'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
=	( (67.764	+	70.849)	/	2 )	/	330.883	*	365 / 4
=	69.3065					/	330.883	*	365 / 4
=	19.11

Apex Dynamics Days Payable Related Terms

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Apex Dynamics (TPE:4583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Apex Dynamics Inc (TPE:4583) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.10, Keyuan 3rd Road, Situn District, Taichung, TWN, 40763

Website

https://www.apexdyna.com

Apex Dynamics Inc is involved in the production and sales of machinery equipment. It offers various equipment such as a gearbox, rack and pinion, smart lubrication equipment, traversing robots, turrets, and other equipment. The company has two reportable business departments. The precision machinery segment is engaged in the production and sales of precision reducers and automatic control equipment manufacturing. The Hotel and Restaurant Service includes catering service which is engaged in hotel housing service and catering business. The majority is from the Precision Machinery segment. Geographically, the majority is derived from Asia.

Apex Dynamics (TPE:4583) Headlines

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