Andes Technology (TPE:6533) Days Payable : 26.31 (As of Mar. 2024)

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What is Andes Technology Days Payable?

Andes Technology's average Accounts Payable for the three months ended in Mar. 2024 was NT$0 Mil. Andes Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$0 Mil. Hence, Andes Technology's Days Payable for the three months ended in Mar. 2024 was 26.31.

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

TPE:6533' s Days Payable Range Over the Past 10 Years
Min: 8.63 Med: 79.77 Max: 1463
Current: 71.5

During the past 11 years, Andes Technology's highest Days Payable was 1463.00. The lowest was 8.63. And the median was 79.77.

TPE:6533's Days Payable is ranked better than
66.18% of 964 companies
in the Semiconductors industry
Industry Median: 51.61 vs TPE:6533: 71.50

Andes Technology's Days Payable declined from Mar. 2023 (252.83) to Mar. 2024 (26.31). It may suggest that Andes Technology accelerated paying its suppliers.

Andes Technology Days Payable Historical Data

The historical data trend for Andes 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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Andes Technology Days Payable Chart

Andes Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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253.05

43.97

395.27

1,463.00

Andes 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															252.83	21.45	12.51	-	26.31

Competitive Comparison of Andes Technology's Days Payable

For the Semiconductors subindustry, Andes 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.

Andes Technology's Days Payable Distribution in the Semiconductors Industry

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

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

Andes 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.

Andes 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
=	( (0	+	0)	/	1 )	/	0.82300000000009	*	365
=	0					/	0.82300000000009	*	365
=	0.00

Andes 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
=	( (0	+	0.094)	/	1 )	/	0.32599999999999	*	365 / 4
=	0.094					/	0.32599999999999	*	365 / 4
=	26.31

Andes Technology Days Payable Related Terms

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Andes Technology (TPE:6533) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Andes Technology Corp (TPE:6533) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Li-Hsin First Road, A1-4, 3rd Floor, Hsinchu Science Park, Hsinchu, TWN, 30078

Website

http://www.andestech.com

Andes Technology Corp is engaged in research and development, designing, manufacturing, and marketing of embedded processor intellectual property (IP), related hardware/software developing platform, and toolchains. The company solutions include AndeStar Architecture, AndesCore Processors, Andes Custom Extension, AndeShape Platforms, and others. It generates a vast majority of its revenues from the Licensing of CPU IP, followed by Royalty revenues, Custom Computing Service, and Maintenance services.

Andes Technology (TPE:6533) Headlines

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