Tekom Technologies (ROCO:6294) Days Payable : 2.04 (As of Mar. 2024)

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What is Tekom Technologies Days Payable?

Tekom Technologies's average Accounts Payable for the three months ended in Mar. 2024 was NT$4.1 Mil. Tekom Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$182.9 Mil. Hence, Tekom Technologies's Days Payable for the three months ended in Mar. 2024 was 2.04.

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

ROCO:6294' s Days Payable Range Over the Past 10 Years
Min: 1.19 Med: 2.16 Max: 2.5
Current: 2.31

During the past 13 years, Tekom Technologies's highest Days Payable was 2.50. The lowest was 1.19. And the median was 2.16.

ROCO:6294's Days Payable is ranked worse than
99.71% of 2422 companies
in the Hardware industry
Industry Median: 67.69 vs ROCO:6294: 2.31

Tekom Technologies's Days Payable declined from Mar. 2023 (2.20) to Mar. 2024 (2.04). It may suggest that Tekom Technologies accelerated paying its suppliers.

Tekom Technologies Days Payable Historical Data

The historical data trend for Tekom Technologies'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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Tekom Technologies Days Payable Chart

Tekom Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2.15

2.16

2.39

2.13

2.20

Tekom Technologies 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															2.20	1.98	2.05	2.90	2.04

Competitive Comparison of Tekom Technologies's Days Payable

For the Electronic Components subindustry, Tekom Technologies'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.

Tekom Technologies's Days Payable Distribution in the Hardware Industry

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

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

Tekom Technologies 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.

Tekom Technologies'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
=	( (3.28	+	3.1)	/	2 )	/	528.915	*	365
=	3.19					/	528.915	*	365
=	2.20

Tekom Technologies'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
=	( (3.1	+	5.092)	/	2 )	/	182.87	*	365 / 4
=	4.096					/	182.87	*	365 / 4
=	2.04

Tekom Technologies Days Payable Related Terms

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Tekom Technologies (ROCO:6294) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Tekom Technologies Inc (ROCO:6294) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8F , No.156, Mingcheng 4th Road, Gushan District, Kaohsiung, TWN, 804

Website

http://www.tekom.com.tw

Tekom Technologies, Inc. is engaged in the design and production of touch panel and digital imaging products. The Company's main products include digital camera for compute, digital cameras, network cameras, GPS tracking services platform, etc.

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