TES Touch Embedded Solutions (Xiamen) Co (SZSE:003019) Days Payable : 47.07 (As of Mar. 2024)

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What is TES Touch Embedded Solutions (Xiamen) Co Days Payable?

TES Touch Embedded Solutions (Xiamen) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥252 Mil. TES Touch Embedded Solutions (Xiamen) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥488 Mil. Hence, TES Touch Embedded Solutions (Xiamen) Co's Days Payable for the three months ended in Mar. 2024 was 47.07.

The historical rank and industry rank for TES Touch Embedded Solutions (Xiamen) Co's Days Payable or its related term are showing as below:

SZSE:003019' s Days Payable Range Over the Past 10 Years
Min: 42.31 Med: 66.35 Max: 73.8
Current: 55.45

During the past 8 years, TES Touch Embedded Solutions (Xiamen) Co's highest Days Payable was 73.80. The lowest was 42.31. And the median was 66.35.

SZSE:003019's Days Payable is ranked worse than
62.12% of 2418 companies
in the Hardware industry
Industry Median: 67.94 vs SZSE:003019: 55.45

TES Touch Embedded Solutions (Xiamen) Co's Days Payable increased from Mar. 2023 (33.32) to Mar. 2024 (47.07). It may suggest that TES Touch Embedded Solutions (Xiamen) Co delayed paying its suppliers.

TES Touch Embedded Solutions (Xiamen) Co Days Payable Historical Data

The historical data trend for TES Touch Embedded Solutions (Xiamen) 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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TES Touch Embedded Solutions (Xiamen) Co Days Payable Chart

TES Touch Embedded Solutions (Xiamen) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.65

73.80

49.63

42.31

54.47

TES Touch Embedded Solutions (Xiamen) Co Quarterly Data
	Dec18	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															33.32	74.08	39.47	47.73	47.07

Competitive Comparison of TES Touch Embedded Solutions (Xiamen) Co's Days Payable

For the Electronic Components subindustry, TES Touch Embedded Solutions (Xiamen) 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.

TES Touch Embedded Solutions (Xiamen) Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, TES Touch Embedded Solutions (Xiamen) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where TES Touch Embedded Solutions (Xiamen) Co's Days Payable falls into.

TES Touch Embedded Solutions (Xiamen) 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.

TES Touch Embedded Solutions (Xiamen) 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
=	( (130.918	+	141.171)	/	2 )	/	911.638	*	365
=	136.0445					/	911.638	*	365
=	54.47

TES Touch Embedded Solutions (Xiamen) Co'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
=	( (141.171	+	362.467)	/	2 )	/	488.126	*	365 / 4
=	251.819					/	488.126	*	365 / 4
=	47.07

TES Touch Embedded Solutions (Xiamen) Co Days Payable Related Terms

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TES Touch Embedded Solutions (Xiamen) Co (SZSE:003019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » TES Touch Embedded Solutions (Xiamen) Co Ltd (SZSE:003019) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinglin South Road, Workshop No. 60, Jimei District, Fujian Province, Xiamen, CHN, 361022

Website

https://www.tes-tec.com

TES Touch Embedded Solutions (Xiamen) Co Ltd is a provider, of touchscreen products, ranging from touch display modules to all-in-one multi-touch computer systems in industry and business fields. It Offers a wide variety of touch technologies and panel sizes from 7 inches to 86 inches with capabilities of tailoring these solutions to fit unique customer applications. Its product are utilized in hospitality, medical, financial, retail point-of-sale, industrial and more. The company's Open Frame Monitor; Touch Display Module; Desktop Monitor; Panel PC / AIO System; KIOSK/SCO; Digital Signage; Box PC; and PCBA.

TES Touch Embedded Solutions (Xiamen) Co (SZSE:003019) Headlines

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