M3 Technology (TPE:6799) Days Payable : 37.55 (As of Mar. 2024)

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What is M3 Technology Days Payable?

M3 Technology's average Accounts Payable for the three months ended in Mar. 2024 was NT$52 Mil. M3 Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$125 Mil. Hence, M3 Technology's Days Payable for the three months ended in Mar. 2024 was 37.55.

The historical rank and industry rank for M3 Technology's Days Payable or its related term are showing as below:

TPE:6799' s Days Payable Range Over the Past 10 Years
Min: 35.81 Med: 39.83 Max: 47.25
Current: 36.36

During the past 8 years, M3 Technology's highest Days Payable was 47.25. The lowest was 35.81. And the median was 39.83.

TPE:6799's Days Payable is ranked worse than
68.81% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs TPE:6799: 36.36

M3 Technology's Days Payable declined from Mar. 2023 (38.12) to Mar. 2024 (37.55). It may suggest that M3 Technology accelerated paying its suppliers.

M3 Technology Days Payable Historical Data

The historical data trend for M3 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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M3 Technology Days Payable Chart

M3 Technology Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.03

47.25

46.77

39.63

36.61

M3 Technology Quarterly Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															38.12	36.29	37.19	41.16	37.55

Competitive Comparison of M3 Technology's Days Payable

For the Semiconductors subindustry, M3 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.

M3 Technology's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, M3 Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where M3 Technology's Days Payable falls into.

M3 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.

M3 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
=	( (54.763	+	55.851)	/	2 )	/	551.374	*	365
=	55.307					/	551.374	*	365
=	36.61

M3 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
=	( (55.851	+	47.236)	/	2 )	/	125.246	*	365 / 4
=	51.5435					/	125.246	*	365 / 4
=	37.55

M3 Technology Days Payable Related Terms

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M3 Technology (TPE:6799) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » M3 Technology Inc (TPE:6799) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19, Lane 178, Ruihu Street, 2nd Floor, Neihu District, Taipei, TWN

Website

https://www.m3tekic.com

M3 Technology Inc is engaged in the design, testing, production, and marketing of analog and mixed-signal integrated circuits, and focuses on the design and sales of high-end power management ICs, providing high-efficiency, Power management IC chips with less inductance, stable voltage, and low interference.

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