Altek (TPE:3059) Days Payable : 82.05 (As of Mar. 2024)

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What is Altek Days Payable?

Altek's average Accounts Payable for the three months ended in Mar. 2024 was NT$1,002 Mil. Altek's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$1,114 Mil. Hence, Altek's Days Payable for the three months ended in Mar. 2024 was 82.05.

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

TPE:3059' s Days Payable Range Over the Past 10 Years
Min: 59.15 Med: 87.13 Max: 101.89
Current: 74.59

During the past 13 years, Altek's highest Days Payable was 101.89. The lowest was 59.15. And the median was 87.13.

TPE:3059's Days Payable is ranked better than
55.83% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs TPE:3059: 74.59

Altek's Days Payable increased from Mar. 2023 (73.64) to Mar. 2024 (82.05). It may suggest that Altek delayed paying its suppliers.

Altek Days Payable Historical Data

The historical data trend for Altek'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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Altek Days Payable Chart

Altek Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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101.89

91.92

86.12

59.15

79.05

Altek 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															73.64	73.62	82.21	76.94	82.05

Competitive Comparison of Altek's Days Payable

For the Scientific & Technical Instruments subindustry, Altek'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.

Altek's Days Payable Distribution in the Hardware Industry

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

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

Altek 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.

Altek'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
=	( (1635.048	+	1240.588)	/	2 )	/	6639.209	*	365
=	1437.818					/	6639.209	*	365
=	79.05

Altek'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
=	( (1240.588	+	763.26)	/	2 )	/	1114.303	*	365 / 4
=	1001.924					/	1114.303	*	365 / 4
=	82.05

Altek Days Payable Related Terms

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Altek (TPE:3059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Altek Corp (TPE:3059) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12, Li-Hsin Road, Science Park, Hsinchu, TWN

Website

https://www.altek.com.tw

Altek Corp is a digital image product supplier. The company, along with its subsidiaries, are engaged in the development, manufacturing, and sale of automobile cameras, medical and digital image technology application products, and related export and import trade. The company generates the majority of its revenue from the Asia region followed by America and so on.

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