E-Elements Technology Co (ROCO:6842) Days Payable : 280.37 (As of Dec. 2023)

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What is E-Elements Technology Co Days Payable?

E-Elements Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$312.0 Mil. E-Elements Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$203.1 Mil. Hence, E-Elements Technology Co's Days Payable for the six months ended in Dec. 2023 was 280.37.

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

ROCO:6842' s Days Payable Range Over the Past 10 Years
Min: 41.49 Med: 84.37 Max: 227.15
Current: 227.15

During the past 6 years, E-Elements Technology Co's highest Days Payable was 227.15. The lowest was 41.49. And the median was 84.37.

ROCO:6842's Days Payable is ranked better than
91.99% of 2421 companies
in the Hardware industry
Industry Median: 68.09 vs ROCO:6842: 227.15

E-Elements Technology Co's Days Payable increased from Dec. 2022 (103.84) to Dec. 2023 (280.37). It may suggest that E-Elements Technology Co delayed paying its suppliers.

E-Elements Technology Co Days Payable Historical Data

The historical data trend for E-Elements Technology Co'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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E-Elements Technology Co Days Payable Chart

E-Elements Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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154.37

66.69

46.13

102.04

194.95

E-Elements Technology Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					65.70	75.53	103.84	216.38	280.37

Competitive Comparison of E-Elements Technology Co's Days Payable

For the Electronic Components subindustry, E-Elements Technology Co'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.

E-Elements Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, E-Elements Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where E-Elements Technology Co's Days Payable falls into.

E-Elements Technology Co 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.

E-Elements Technology Co'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
=	( (279.166	+	237.591)	/	2 )	/	483.744	*	365
=	258.3785					/	483.744	*	365
=	194.95

E-Elements Technology Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (386.38	+	237.591)	/	2 )	/	203.08	*	365 / 2
=	311.9855					/	203.08	*	365 / 2
=	280.37

E-Elements Technology Co Days Payable Related Terms

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E-Elements Technology Co (ROCO:6842) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » E-Elements Technology Co Ltd (ROCO:6842) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Ruiguang Road, No.61, Lane 76, Neihu District, Taipei, TWN

Website

http://www.e-elements.com

E-Elements Technology Co Ltd is engaged in the advanced field programmable gate array system design, training, technological consultation services, and supplying laboratory equipment of universities. The company aims at establishing long-term strategic partnership with programmable logic device/ system on chip manufacturers to offer design services to customers with high-tech and competitive solutions and cooperate with universities, research institutes and enterprises on new technology popularization.

E-Elements Technology Co (ROCO:6842) Headlines

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