Ledtech Electronics (TPE:6164) Days Payable : 105.20 (As of Mar. 2024)

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What is Ledtech Electronics Days Payable?

Ledtech Electronics's average Accounts Payable for the three months ended in Mar. 2024 was NT$167.0 Mil. Ledtech Electronics's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$144.9 Mil. Hence, Ledtech Electronics's Days Payable for the three months ended in Mar. 2024 was 105.20.

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

TPE:6164' s Days Payable Range Over the Past 10 Years
Min: 66.78 Med: 94.78 Max: 115.49
Current: 94.27

During the past 13 years, Ledtech Electronics's highest Days Payable was 115.49. The lowest was 66.78. And the median was 94.78.

TPE:6164's Days Payable is ranked better than
60.14% of 2933 companies
in the Industrial Products industry
Industry Median: 76.43 vs TPE:6164: 94.27

Ledtech Electronics's Days Payable declined from Mar. 2023 (107.40) to Mar. 2024 (105.20). It may suggest that Ledtech Electronics accelerated paying its suppliers.

Ledtech Electronics Days Payable Historical Data

The historical data trend for Ledtech Electronics'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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Ledtech Electronics Days Payable Chart

Ledtech Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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100.04

115.49

112.21

108.67

110.53

Ledtech Electronics 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															107.40	79.21	90.26	91.14	105.20

Competitive Comparison of Ledtech Electronics's Days Payable

For the Electrical Equipment & Parts subindustry, Ledtech Electronics'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.

Ledtech Electronics's Days Payable Distribution in the Industrial Products Industry

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

* The bar in red indicates where Ledtech Electronics's Days Payable falls into.

Ledtech Electronics 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.

Ledtech Electronics'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
=	( (165.502	+	156.75)	/	2 )	/	532.089	*	365
=	161.126					/	532.089	*	365
=	110.53

Ledtech Electronics'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
=	( (156.75	+	177.287)	/	2 )	/	144.872	*	365 / 4
=	167.0185					/	144.872	*	365 / 4
=	105.20

Ledtech Electronics Days Payable Related Terms

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Ledtech Electronics (TPE:6164) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Ledtech Electronics Corp (TPE:6164) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Zhongzheng Road, 5th Floor, No 542-5, Xindian District, New Taipei City, TWN, 231

Website

https://www.ledtech.com.tw

Ledtech Electronics Corp is a Taiwan-based company engaged in the manufacturing, processing, R&D, and sale of light-emitting diode (LED) equipment.

Ledtech Electronics (TPE:6164) Headlines

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