Hotai Motor Co (TPE:2207) Days Payable : 22.75 (As of Dec. 2023)

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What is Hotai Motor Co Days Payable?

Hotai Motor Co's average Accounts Payable for the three months ended in Dec. 2023 was NT$13,508 Mil. Hotai Motor Co's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$54,175 Mil. Hence, Hotai Motor Co's Days Payable for the three months ended in Dec. 2023 was 22.75.

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

TPE:2207' s Days Payable Range Over the Past 10 Years
Min: 14.18 Med: 21.05 Max: 24.34
Current: 23.83

During the past 13 years, Hotai Motor Co's highest Days Payable was 24.34. The lowest was 14.18. And the median was 21.05.

TPE:2207's Days Payable is ranked worse than
90.04% of 1265 companies
in the Vehicles & Parts industry
Industry Median: 65.67 vs TPE:2207: 23.83

Hotai Motor Co's Days Payable increased from Dec. 2022 (22.27) to Dec. 2023 (22.75). It may suggest that Hotai Motor Co delayed paying its suppliers.

Hotai Motor Co Days Payable Historical Data

The historical data trend for Hotai Motor 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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Hotai Motor Co Days Payable Chart

Hotai Motor Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

21.85

21.73

19.27

19.61

23.92

Hotai Motor Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															22.27	26.98	24.74	21.24	22.75

Competitive Comparison of Hotai Motor Co's Days Payable

For the Auto & Truck Dealerships subindustry, Hotai Motor 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 Motor Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Hotai Motor Co's Days Payable distribution charts can be found below:

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

Hotai Motor 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 Motor 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
=	( (12254.929	+	15101.843)	/	2 )	/	208731.32	*	365
=	13678.386					/	208731.32	*	365
=	23.92

Hotai Motor Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (11913.361	+	15101.843)	/	2 )	/	54174.55	*	365 / 4
=	13507.602					/	54174.55	*	365 / 4
=	22.75

Hotai Motor Co Days Payable Related Terms

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Hotai Motor Co (TPE:2207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Hotai Motor Co Ltd (TPE:2207) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 121 Sung Chiang Road, 8th-14th Floor, Taipei, TWN

Website

https://www.hotaimotor.com.tw

Hotai Motor Co Ltd is an automobile distribution company domiciled in Taiwan. The company distributes new and used passenger vehicles under the Toyota and Lexus brands; commercial vehicles, including trucks, under the Toyota and HINO brands; and Toyota industrial equipment. It earns more than half its sales from HINO- and Toyota-branded products. In addition to vehicle sales, Hotai Motor provides leasing and financing services, insurance, vehicle accessories, and vehicle servicing. Its segments include the Distributor of Toyota and Hino products segments, Installment trading, Leasing, Property insurance, overseas sales agent and other segments. It has operations across both Taiwan and mainland China, with the vast majority of revenue derived domestically.

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