Hotai Finance Co (TPE:6592) Days Payable : 17.41 (As of Mar. 2024)

View and export this data going back to 2018. Start your Free Trial

What is Hotai Finance Co Days Payable?

Hotai Finance Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$619 Mil. Hotai Finance Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$3,245 Mil. Hence, Hotai Finance Co's Days Payable for the three months ended in Mar. 2024 was 17.41.

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

TPE:6592' s Days Payable Range Over the Past 10 Years
Min: 17.45 Med: 43.61 Max: 86.12
Current: 17.45

During the past 8 years, Hotai Finance Co's highest Days Payable was 86.12. The lowest was 17.45. And the median was 43.61.

TPE:6592's Days Payable is ranked worse than
73.5% of 283 companies
in the Credit Services industry
Industry Median: 48.78 vs TPE:6592: 17.45

Hotai Finance Co's Days Payable increased from Mar. 2023 (17.36) to Mar. 2024 (17.41). It may suggest that Hotai Finance Co delayed paying its suppliers.

Hotai Finance Co Days Payable Historical Data

The historical data trend for Hotai Finance 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.

* Premium members only.

Hotai Finance Co Days Payable Chart

Hotai Finance Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

54.12

50.19

28.21

18.49

18.64

Hotai Finance 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															17.36	19.38	18.53	17.44	17.41

Competitive Comparison of Hotai Finance Co's Days Payable

For the Credit Services subindustry, Hotai Finance 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.

Hotai Finance Co's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Hotai Finance Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hotai Finance Co's Days Payable falls into.

Hotai Finance 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.

Hotai Finance 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
=	( (514.386	+	707.786)	/	2 )	/	11967.337	*	365
=	611.086					/	11967.337	*	365
=	18.64

Hotai Finance 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
=	( (707.786	+	530.534)	/	2 )	/	3245.447	*	365 / 4
=	619.16					/	3245.447	*	365 / 4
=	17.41

Hotai Finance Co Days Payable Related Terms

Thank you for viewing the detailed overview of Hotai Finance Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Hotai Finance Co (TPE:6592) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Hotai Finance Co Ltd (TPE:6592) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.605, Ruiguang Road, 10th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.hfcfinance.com.tw

Hotai Finance Co Ltd is a Taiwan-based full-service financing company. It is engaged in installment sales and leases of vehicles and equipment. The company offers products and services such as an Installment loan for a new car, used car, motorcycle and scooter, and others. Geographically, the firm operates in China and Taiwan. It generates a most of revenue from interest income.

Hotai Finance Co (TPE:6592) Headlines

No Headlines