ADO Optronic (ROCO:3516) Days Payable : 44.17 (As of Mar. 2024)

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What is ADO Optronic Days Payable?

ADO Optronic's average Accounts Payable for the three months ended in Mar. 2024 was NT$134 Mil. ADO Optronic's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$277 Mil. Hence, ADO Optronic's Days Payable for the three months ended in Mar. 2024 was 44.17.

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

ROCO:3516' s Days Payable Range Over the Past 10 Years
Min: 58.26 Med: 72.17 Max: 81.04
Current: 59.03

During the past 13 years, ADO Optronic's highest Days Payable was 81.04. The lowest was 58.26. And the median was 72.17.

ROCO:3516's Days Payable is ranked worse than
55.39% of 408 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.11 vs ROCO:3516: 59.03

ADO Optronic's Days Payable declined from Mar. 2023 (67.30) to Mar. 2024 (44.17). It may suggest that ADO Optronic accelerated paying its suppliers.

ADO Optronic Days Payable Historical Data

The historical data trend for ADO Optronic'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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ADO Optronic Days Payable Chart

ADO Optronic Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.97

76.85

62.36

70.42

58.26

ADO Optronic 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															67.30	68.61	59.04	47.15	44.17

Competitive Comparison of ADO Optronic's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, ADO Optronic'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.

ADO Optronic's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, ADO Optronic's Days Payable distribution charts can be found below:

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

ADO Optronic 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.

ADO Optronic'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
=	( (139.561	+	144.56)	/	2 )	/	889.948	*	365
=	142.0605					/	889.948	*	365
=	58.26

ADO Optronic'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
=	( (144.56	+	124.043)	/	2 )	/	277.463	*	365 / 4
=	134.3015					/	277.463	*	365 / 4
=	44.17

ADO Optronic Days Payable Related Terms

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ADO Optronic (ROCO:3516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » ADO Optronic Corp (ROCO:3516) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.858, Guangfu Road, Taoyuan, Bade, TWN

Website

http://www.adotek.com.tw

ADO Optronic Corp is a Taiwan based company engages in the processing, assembly, and distribution of commercial lighting, indoor and outdoor LED lighting, and plastic injection products.

ADO Optronic (ROCO:3516) Headlines

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