Hiwin Mikrosystem (TPE:4576) Days Payable : 83.02 (As of Dec. 2023)

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What is Hiwin Mikrosystem Days Payable?

Hiwin Mikrosystem's average Accounts Payable for the three months ended in Dec. 2023 was NT$333 Mil. Hiwin Mikrosystem's Cost of Goods Sold for the three months ended in Dec. 2023 was NT$366 Mil. Hence, Hiwin Mikrosystem's Days Payable for the three months ended in Dec. 2023 was 83.02.

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

TPE:4576' s Days Payable Range Over the Past 10 Years
Min: 77.28 Med: 80.75 Max: 114
Current: 79.98

During the past 9 years, Hiwin Mikrosystem's highest Days Payable was 114.00. The lowest was 77.28. And the median was 80.75.

TPE:4576's Days Payable is ranked better than
52.1% of 2927 companies
in the Industrial Products industry
Industry Median: 76.55 vs TPE:4576: 79.98

Hiwin Mikrosystem's Days Payable increased from Dec. 2022 (82.85) to Dec. 2023 (83.02). It may suggest that Hiwin Mikrosystem delayed paying its suppliers.

Hiwin Mikrosystem Days Payable Historical Data

The historical data trend for Hiwin Mikrosystem'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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Hiwin Mikrosystem Days Payable Chart

Hiwin Mikrosystem Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

114.00

80.70

77.28

80.31

80.75

Hiwin Mikrosystem Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															82.85	77.77	69.26	90.98	83.02

Competitive Comparison of Hiwin Mikrosystem's Days Payable

For the Electrical Equipment & Parts subindustry, Hiwin Mikrosystem'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.

Hiwin Mikrosystem's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Hiwin Mikrosystem's Days Payable distribution charts can be found below:

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

Hiwin Mikrosystem 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.

Hiwin Mikrosystem'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
=	( (366.982	+	297.489)	/	2 )	/	1501.768	*	365
=	332.2355					/	1501.768	*	365
=	80.75

Hiwin Mikrosystem'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (368.673	+	297.489)	/	2 )	/	366.106	*	365 / 4
=	333.081					/	366.106	*	365 / 4
=	83.02

Hiwin Mikrosystem Days Payable Related Terms

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Hiwin Mikrosystem (TPE:4576) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Hiwin Mikrosystem Corp (TPE:4576) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.6, Jingke Central Road, Chuen She Village, Nantun District, Taichung, TWN

Website

https://www.hiwinmikro.com.tw

Hiwin Mikrosystem Corp is engaged in manufactures, repairs and sells a variety of motors, drives and automation systems. Its product offerings include ballscrews, rolled ballscrews, precision linear guideways, rotary motor, single axis motor, among other. Its products can be applied in semiconductor equipment, optical component manufacturing equipment, automation equipment, Medicare and healthcare equipment, rehabilitation equipment, and transportation.

Hiwin Mikrosystem (TPE:4576) Headlines

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