Adda (ROCO:3071) Days Payable : 76.68 (As of Mar. 2024)

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What is Adda Days Payable?

Adda's average Accounts Payable for the three months ended in Mar. 2024 was NT$325 Mil. Adda's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$386 Mil. Hence, Adda's Days Payable for the three months ended in Mar. 2024 was 76.68.

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

ROCO:3071' s Days Payable Range Over the Past 10 Years
Min: 73.08 Med: 81.3 Max: 100.34
Current: 73.08

During the past 13 years, Adda's highest Days Payable was 100.34. The lowest was 73.08. And the median was 81.30.

ROCO:3071's Days Payable is ranked worse than
52.9% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs ROCO:3071: 73.08

Adda's Days Payable increased from Mar. 2023 (71.40) to Mar. 2024 (76.68). It may suggest that Adda delayed paying its suppliers.

Adda Days Payable Historical Data

The historical data trend for Adda'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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Adda Days Payable Chart

Adda Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81.62

80.94

80.97

76.74

77.64

Adda 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															71.40	68.73	70.19	80.98	76.68

Competitive Comparison of Adda's Days Payable

For the Electrical Equipment & Parts subindustry, Adda'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.

Adda's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Adda's Days Payable distribution charts can be found below:

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

Adda 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.

Adda'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
=	( (376.277	+	335.135)	/	2 )	/	1672.321	*	365
=	355.706					/	1672.321	*	365
=	77.64

Adda'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
=	( (335.135	+	314.288)	/	2 )	/	386.398	*	365 / 4
=	324.7115					/	386.398	*	365 / 4
=	76.68

Adda Days Payable Related Terms

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Adda (ROCO:3071) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Adda Corp (ROCO:3071) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6, East Section Industry 6th Road, Pingtung County, Pingtung, TWN, 90049

Website

https://www.adda.com.tw

Adda Corp is a Taiwan-based company that engages in the manufacturing and sales of computer fans, power switches, and electrical equipment. It has two reportable segments Fan division and Other division. It generate the majority of its revenue from Fan division. Its product include Fan series, Thermal modules, Applications, and Accessories.

Adda (ROCO:3071) Headlines

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