Systex (TPE:6214) Days Payable : 60.44 (As of Mar. 2024)

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What is Systex Days Payable?

Systex's average Accounts Payable for the three months ended in Mar. 2024 was NT$5,403 Mil. Systex's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$8,157 Mil. Hence, Systex's Days Payable for the three months ended in Mar. 2024 was 60.44.

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

TPE:6214' s Days Payable Range Over the Past 10 Years
Min: 63.28 Med: 78.49 Max: 89.54
Current: 63.28

During the past 13 years, Systex's highest Days Payable was 89.54. The lowest was 63.28. And the median was 78.49.

TPE:6214's Days Payable is ranked better than
56.46% of 2531 companies
in the Software industry
Industry Median: 50.13 vs TPE:6214: 63.28

Systex's Days Payable declined from Mar. 2023 (70.41) to Mar. 2024 (60.44). It may suggest that Systex accelerated paying its suppliers.

Systex Days Payable Historical Data

The historical data trend for Systex'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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Systex Days Payable Chart

Systex Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.66

75.79

63.68

67.48

71.50

Systex 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															70.41	67.31	69.73	58.83	60.44

Competitive Comparison of Systex's Days Payable

For the Information Technology Services subindustry, Systex'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.

Systex's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Systex's Days Payable distribution charts can be found below:

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

Systex 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.

Systex'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
=	( (5193.696	+	5492.401)	/	2 )	/	27276.397	*	365
=	5343.0485					/	27276.397	*	365
=	71.50

Systex'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
=	( (5492.401	+	5313.929)	/	2 )	/	8156.833	*	365 / 4
=	5403.165					/	8156.833	*	365 / 4
=	60.44

Systex Days Payable Related Terms

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Systex (TPE:6214) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Systex Corp (TPE:6214) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

318 Rueiguang Road, Neihu District, Taiepi, TWN, 114

Website

https://tw.systex.com

Systex Corp is a Taiwan-based provider of software and hardware solutions and outsourcing services. The firm's operations are organized into the following segments: Financial Business integration, which provides digital financial technologies and solutions; Technological Business Integration, which provides data technology and customer analytics; Outsourcing Business Integration, which provides IT maintenance; Commercial Software Business Unit, which engages in software procurement services; and the Knowledge Product Business Unit, which provides customers with IT training. The majority of the company's revenue comes from Taiwan.

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