AVID Electronics (ROCO:6103) Days Payable : 3.26 (As of Mar. 2024)

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What is AVID Electronics Days Payable?

AVID Electronics's average Accounts Payable for the three months ended in Mar. 2024 was NT$0.24 Mil. AVID Electronics's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$6.80 Mil. Hence, AVID Electronics's Days Payable for the three months ended in Mar. 2024 was 3.26.

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

ROCO:6103' s Days Payable Range Over the Past 10 Years
Min: 0.19 Med: 8.27 Max: 73.16
Current: 3.76

During the past 13 years, AVID Electronics's highest Days Payable was 73.16. The lowest was 0.19. And the median was 8.27.

ROCO:6103's Days Payable is ranked worse than
99.17% of 965 companies
in the Semiconductors industry
Industry Median: 51.8 vs ROCO:6103: 3.76

AVID Electronics's Days Payable declined from Mar. 2023 (15.47) to Mar. 2024 (3.26). It may suggest that AVID Electronics accelerated paying its suppliers.

AVID Electronics Days Payable Historical Data

The historical data trend for AVID Electronics'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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AVID Electronics Days Payable Chart

AVID Electronics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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0.28

73.16

46.21

12.41

13.02

AVID Electronics 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															15.47	3.89	2.62	4.40	3.26

Competitive Comparison of AVID Electronics's Days Payable

For the Semiconductors subindustry, AVID Electronics'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.

AVID Electronics's Days Payable Distribution in the Semiconductors Industry

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

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

AVID Electronics 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.

AVID Electronics'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
=	( (2.864	+	0.241)	/	2 )	/	43.532	*	365
=	1.5525					/	43.532	*	365
=	13.02

AVID Electronics'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
=	( (0.241	+	0.245)	/	2 )	/	6.803	*	365 / 4
=	0.243					/	6.803	*	365 / 4
=	3.26

AVID Electronics Days Payable Related Terms

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AVID Electronics (ROCO:6103) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » AVID Electronics Corp (ROCO:6103) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Floor, No.11, Park Avenue II, Hsinchu Science Park, Hsinchu City, TWN, 300

Website

http://www.avid.com.tw

AVID Electronics Corp designs and sells homemade Integrated Circuit solutions in Taiwan. The company provides integrated circuits for CD Discman, CD Boom box, Flash Memory Player Single Chip, audio power amplifier product line, wireless audio/speaker product line and LED lighting driver product line.

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