Action Electronics Co (TPE:3024) Days Payable : 71.85 (As of Mar. 2024)

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What is Action Electronics Co Days Payable?

Action Electronics Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$196 Mil. Action Electronics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$249 Mil. Hence, Action Electronics Co's Days Payable for the three months ended in Mar. 2024 was 71.85.

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

TPE:3024' s Days Payable Range Over the Past 10 Years
Min: 24.95 Med: 39.4 Max: 60.94
Current: 58.27

During the past 13 years, Action Electronics Co's highest Days Payable was 60.94. The lowest was 24.95. And the median was 39.40.

TPE:3024's Days Payable is ranked worse than
59.61% of 2424 companies
in the Hardware industry
Industry Median: 68.11 vs TPE:3024: 58.27

Action Electronics Co's Days Payable increased from Mar. 2023 (44.67) to Mar. 2024 (71.85). It may suggest that Action Electronics Co delayed paying its suppliers.

Action Electronics Co Days Payable Historical Data

The historical data trend for Action Electronics 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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Action Electronics Co Days Payable Chart

Action Electronics Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

34.08

40.47

32.67

43.23

60.94

Action Electronics 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															44.67	46.06	55.44	63.53	71.85

Competitive Comparison of Action Electronics Co's Days Payable

For the Consumer Electronics subindustry, Action Electronics 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.

Action Electronics Co's Days Payable Distribution in the Hardware Industry

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

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

Action Electronics 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.

Action Electronics 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
=	( (159.762	+	208.813)	/	2 )	/	1103.735	*	365
=	184.2875					/	1103.735	*	365
=	60.94

Action Electronics 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
=	( (208.813	+	183.125)	/	2 )	/	248.868	*	365 / 4
=	195.969					/	248.868	*	365 / 4
=	71.85

Action Electronics Co Days Payable Related Terms

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Action Electronics Co (TPE:3024) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Action Electronics Co Ltd (TPE:3024) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 423-7 Zhengguang Road, 4th Floor, Taoyuan District, Taoyuan City, TWN, 330

Website

http://www.action.com.tw

Action Electronics Co Ltd is engaged in the manufacturing and distribution of electronic products. The company's products include portable multimedia players, LCD digital TV, mobile entertainment device, mobile internet device, and solar application.

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