Parade Technologies (ROCO:4966) Days Payable : 63.01 (As of Mar. 2024)

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What is Parade Technologies Days Payable?

Parade Technologies's average Accounts Payable for the three months ended in Mar. 2024 was NT$1,505 Mil. Parade Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$2,180 Mil. Hence, Parade Technologies's Days Payable for the three months ended in Mar. 2024 was 63.01.

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

ROCO:4966' s Days Payable Range Over the Past 10 Years
Min: 26 Med: 45.36 Max: 56.79
Current: 54.05

During the past 13 years, Parade Technologies's highest Days Payable was 56.79. The lowest was 26.00. And the median was 45.36.

ROCO:4966's Days Payable is ranked better than
52.12% of 965 companies
in the Semiconductors industry
Industry Median: 51.92 vs ROCO:4966: 54.05

Parade Technologies's Days Payable increased from Mar. 2023 (26.88) to Mar. 2024 (63.01). It may suggest that Parade Technologies delayed paying its suppliers.

Parade Technologies Days Payable Historical Data

The historical data trend for Parade Technologies'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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Parade Technologies Days Payable Chart

Parade Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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47.41

43.28

41.36

26.00

46.31

Parade Technologies 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															26.88	38.47	54.28	65.91	63.01

Competitive Comparison of Parade Technologies's Days Payable

For the Semiconductors subindustry, Parade Technologies'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.

Parade Technologies's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Parade Technologies's Days Payable distribution charts can be found below:

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

Parade Technologies 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.

Parade Technologies'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
=	( (399.308	+	1567.047)	/	2 )	/	7749.66	*	365
=	983.1775					/	7749.66	*	365
=	46.31

Parade Technologies'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
=	( (1567.047	+	1443.712)	/	2 )	/	2180.148	*	365 / 4
=	1505.3795					/	2180.148	*	365 / 4
=	63.01

Parade Technologies Days Payable Related Terms

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Parade Technologies (ROCO:4966) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Parade Technologies Ltd (ROCO:4966) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 335, Ruiguang Road, 14th Floor, Neihu District, Taipei, TWN, 114

Website

https://www.paradetech.com

Parade Technologies Ltd supplies mixed-signal integrated circuits for a variety of display and high-speed interface standards used in computers, consumer electronics, and display panels. The company's host of products serve customers with needs for display, storage, and interface applications. As a fabless semiconductor company, Parade manufactures and designs its integrated circuits, but outsources the fabrication of silicon wafers for semiconductors. The company has branch offices and subsidiaries dedicated to designing, engineering, support, and logistical services in Asian countries, but services a global customer base.

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