Eris Technology (ROCO:3675) Days Payable : 42.12 (As of Mar. 2024)

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What is Eris Technology Days Payable?

Eris Technology's average Accounts Payable for the three months ended in Mar. 2024 was NT$163 Mil. Eris Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$353 Mil. Hence, Eris Technology's Days Payable for the three months ended in Mar. 2024 was 42.12.

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

ROCO:3675' s Days Payable Range Over the Past 10 Years
Min: 46.83 Med: 54.03 Max: 60.07
Current: 46.83

During the past 13 years, Eris Technology's highest Days Payable was 60.07. The lowest was 46.83. And the median was 54.03.

ROCO:3675's Days Payable is ranked worse than
71.36% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs ROCO:3675: 46.83

Eris Technology's Days Payable declined from Mar. 2023 (50.42) to Mar. 2024 (42.12). It may suggest that Eris Technology accelerated paying its suppliers.

Eris Technology Days Payable Historical Data

The historical data trend for Eris Technology'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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Eris Technology Days Payable Chart

Eris Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.90

60.07

56.51

55.51

51.74

Eris Technology 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															50.42	45.51	44.84	51.25	42.12

Competitive Comparison of Eris Technology's Days Payable

For the Electronic Components subindustry, Eris Technology'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.

Eris Technology's Days Payable Distribution in the Hardware Industry

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

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

Eris Technology 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.

Eris Technology'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
=	( (157.357	+	150.696)	/	2 )	/	1086.491	*	365
=	154.0265					/	1086.491	*	365
=	51.74

Eris Technology'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
=	( (150.696	+	175.449)	/	2 )	/	353.325	*	365 / 4
=	163.0725					/	353.325	*	365 / 4
=	42.12

Eris Technology Days Payable Related Terms

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Eris Technology (ROCO:3675) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Eris Technology Corp (ROCO:3675) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Section 3, Beishen Road, 222 6th Floor, No. 17, Lane 155, Shenkeng District, New Taipei City, TWN, 22203

Website

https://www.eris.com.tw

Eris Technology Corp designs and manufactures after-market services for Diode products in Taiwan. The Company mainly manufactures tests and sells rectifier diodes, wafers, and a light-emitting diode. Its products include Schottky Diodes, TVS Diodes, Zener Diodes, Bridge Diodes, Wafers, LEDs, and relevant devices. It operates in two departments. Eris Technology and Jie Cheng - mainly manufacturing and selling in diodes, Yea Shin - mainly manufacturing and selling in wafers. The majority is from Eris Technology and Jie Cheng. Geographically, it operates in Taiwan, Asia, Europe, North USA, and Australia, out of which the majority is from Taiwan.

Eris Technology (ROCO:3675) Headlines

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