Microelectronics Technology (TPE:2314) Days Payable : 73.52 (As of Mar. 2024)

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What is Microelectronics Technology Days Payable?

Microelectronics Technology's average Accounts Payable for the three months ended in Mar. 2024 was NT$321 Mil. Microelectronics Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$399 Mil. Hence, Microelectronics Technology's Days Payable for the three months ended in Mar. 2024 was 73.52.

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

TPE:2314' s Days Payable Range Over the Past 10 Years
Min: 83.72 Med: 95.32 Max: 105.99
Current: 89.53

During the past 13 years, Microelectronics Technology's highest Days Payable was 105.99. The lowest was 83.72. And the median was 95.32.

TPE:2314's Days Payable is ranked better than
65.32% of 2419 companies
in the Hardware industry
Industry Median: 67.95 vs TPE:2314: 89.53

Microelectronics Technology's Days Payable declined from Mar. 2023 (79.62) to Mar. 2024 (73.52). It may suggest that Microelectronics Technology accelerated paying its suppliers.

Microelectronics Technology Days Payable Historical Data

The historical data trend for Microelectronics 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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Microelectronics Technology Days Payable Chart

Microelectronics Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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102.84

100.96

105.99

98.26

83.72

Microelectronics 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															79.62	84.29	106.10	102.62	73.52

Competitive Comparison of Microelectronics Technology's Days Payable

For the Communication Equipment subindustry, Microelectronics 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.

Microelectronics Technology's Days Payable Distribution in the Hardware Industry

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

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

Microelectronics 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.

Microelectronics 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
=	( (947.691	+	391.887)	/	2 )	/	2920.279	*	365
=	669.789					/	2920.279	*	365
=	83.72

Microelectronics 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
=	( (391.887	+	250.422)	/	2 )	/	398.607	*	365 / 4
=	321.1545					/	398.607	*	365 / 4
=	73.52

Microelectronics Technology Days Payable Related Terms

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Microelectronics Technology (TPE:2314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Microelectronics Technology Inc (TPE:2314) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 1, Innovation Road II, Hsinchu Science Park, Hsinchu, TWN, 300

Website

https://www.mtigroup.com

Microelectronics Technology Inc is engaged in the design, manufacture and sales of terrestrial microwave, satellite and photoelectric communication system products, and related customized products. The company's products include Low Noise Block Downconverter, Very Small Aperture Terminal, mobile products, microwave radio, and RFID. It operates in United States, Mainland China, and others.

Microelectronics Technology (TPE:2314) Headlines

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