I-Sheng Electric Wire & Cable Co (TPE:6115) Days Payable : 32.74 (As of Mar. 2024)

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What is I-Sheng Electric Wire & Cable Co Days Payable?

I-Sheng Electric Wire & Cable Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$489 Mil. I-Sheng Electric Wire & Cable Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,363 Mil. Hence, I-Sheng Electric Wire & Cable Co's Days Payable for the three months ended in Mar. 2024 was 32.74.

The historical rank and industry rank for I-Sheng Electric Wire & Cable Co's Days Payable or its related term are showing as below:

TPE:6115' s Days Payable Range Over the Past 10 Years
Min: 33.62 Med: 46.74 Max: 53.73
Current: 35.11

During the past 13 years, I-Sheng Electric Wire & Cable Co's highest Days Payable was 53.73. The lowest was 33.62. And the median was 46.74.

TPE:6115's Days Payable is ranked worse than
84.95% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs TPE:6115: 35.11

I-Sheng Electric Wire & Cable Co's Days Payable declined from Mar. 2023 (41.10) to Mar. 2024 (32.74). It may suggest that I-Sheng Electric Wire & Cable Co accelerated paying its suppliers.

I-Sheng Electric Wire & Cable Co Days Payable Historical Data

The historical data trend for I-Sheng Electric Wire & Cable 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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I-Sheng Electric Wire & Cable Co Days Payable Chart

I-Sheng Electric Wire & Cable Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

46.36

50.90

44.22

43.73

33.62

I-Sheng Electric Wire & Cable 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															41.10	35.17	33.62	35.36	32.74

Competitive Comparison of I-Sheng Electric Wire & Cable Co's Days Payable

For the Electrical Equipment & Parts subindustry, I-Sheng Electric Wire & Cable 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.

I-Sheng Electric Wire & Cable Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, I-Sheng Electric Wire & Cable Co's Days Payable distribution charts can be found below:

* The bar in red indicates where I-Sheng Electric Wire & Cable Co's Days Payable falls into.

I-Sheng Electric Wire & Cable 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.

I-Sheng Electric Wire & Cable 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
=	( (587.808	+	377.373)	/	2 )	/	5238.639	*	365
=	482.5905					/	5238.639	*	365
=	33.62

I-Sheng Electric Wire & Cable 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
=	( (377.373	+	600.96)	/	2 )	/	1363.384	*	365 / 4
=	489.1665					/	1363.384	*	365 / 4
=	32.74

I-Sheng Electric Wire & Cable Co Days Payable Related Terms

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I-Sheng Electric Wire & Cable Co (TPE:6115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » I-Sheng Electric Wire & Cable Co Ltd (TPE:6115) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 50.52, Dinghu Road, Guishan District, Taoyuan, TWN, 33308

Website

https://www.isheng.com.tw

I-Sheng Electric Wire & Cable Co Ltd is a Taiwan-based company, engaged in the manufacturing and distribution of power cord connectors. The company provides power cord connectors, power cables, signal transmission cables, network wires, and optical fiber cables, as well as related plastic materials. Its products are applied in computer peripherals and monitors, notebook computers, household electrical appliances, and consumer electronics. The group operates its businesses in Taiwan, Hong Kong, Japan, and other countries.

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