Elite Material Co (TPE:2383) Days Payable : 103.77 (As of Mar. 2024)

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What is Elite Material Co Days Payable?

Elite Material Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$10,421 Mil. Elite Material Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$9,164 Mil. Hence, Elite Material Co's Days Payable for the three months ended in Mar. 2024 was 103.77.

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

TPE:2383' s Days Payable Range Over the Past 10 Years
Min: 89.7 Med: 102.07 Max: 128.72
Current: 128.72

During the past 13 years, Elite Material Co's highest Days Payable was 128.72. The lowest was 89.70. And the median was 102.07.

TPE:2383's Days Payable is ranked better than
80.31% of 2423 companies
in the Hardware industry
Industry Median: 67.77 vs TPE:2383: 128.72

Elite Material Co's Days Payable increased from Dec. 2022 (93.99) to Mar. 2024 (103.77). It may suggest that Elite Material Co delayed paying its suppliers.

Elite Material Co Days Payable Historical Data

The historical data trend for Elite Material 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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Elite Material Co Days Payable Chart

Elite Material Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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100.81

103.33

104.27

89.70

92.26

Elite Material Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															93.99	98.55	90.26	95.62	103.77

Competitive Comparison of Elite Material Co's Days Payable

For the Electronic Components subindustry, Elite Material 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.

Elite Material Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Elite Material Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Elite Material Co's Days Payable falls into.

Elite Material 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.

Elite Material Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (8127.533	+	6513.281)	/	2 )	/	28962.487	*	365
=	7320.407					/	28962.487	*	365
=	92.26

Elite Material 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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (10194.79	+	10647.933)	/	2 )	/	9164.316	*	365 / 4
=	10421.3615					/	9164.316	*	365 / 4
=	103.77

Elite Material Co Days Payable Related Terms

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Elite Material Co (TPE:2383) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Elite Material Co Ltd (TPE:2383) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Datong 1st Road, Guanyin District, Taoyuan, TWN, 328

Website

https://www.emctw.com

Elite Material Co Ltd is engaged in the manufacturing and selling of printed circuit boards, copper-clad laminates, electronic-industrial specialty chemicals and raw materials, work-in-progress, and finished goods of electronic components. The Group has three reportable segments: The domestic segment produces and sells different types of printed circuit board products, electronic-industrial specialty chemicals, and electronic components, the Foreign segment produces and sells prepreg for printed circuit board and copper-clad laminate, and Other segments include investment and product exchange business. Geographically, It operates in Taiwan, China, and Other countries.

Elite Material Co (TPE:2383) Headlines

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