Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Days Payable : 3,869.08 (As of Dec. 2023)

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What is Hong Kong Exchanges and Clearing Days Payable?

Hong Kong Exchanges and Clearing's average Accounts Payable for the three months ended in Dec. 2023 was $3,518 Mil. Hong Kong Exchanges and Clearing's Cost of Goods Sold for the three months ended in Dec. 2023 was $83 Mil. Hence, Hong Kong Exchanges and Clearing's Days Payable for the three months ended in Dec. 2023 was 3,869.08.

The historical rank and industry rank for Hong Kong Exchanges and Clearing's Days Payable or its related term are showing as below:

HKXCY' s Days Payable Range Over the Past 10 Years
Min: 1882.95 Med: 2117.63 Max: 3625.44
Current: 2054.07

During the past 13 years, Hong Kong Exchanges and Clearing's highest Days Payable was 3625.44. The lowest was 1882.95. And the median was 2117.63.

HKXCY's Days Payable is ranked better than
88.57% of 525 companies
in the Capital Markets industry
Industry Median: 95.55 vs HKXCY: 2054.07

Hong Kong Exchanges and Clearing's Days Payable increased from Dec. 2022 (3,353.48) to Dec. 2023 (3,869.08). It may suggest that Hong Kong Exchanges and Clearing delayed paying its suppliers.

Hong Kong Exchanges and Clearing Days Payable Historical Data

The historical data trend for Hong Kong Exchanges and Clearing'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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Hong Kong Exchanges and Clearing Days Payable Chart

Hong Kong Exchanges and Clearing Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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2,122.24

2,951.16

3,638.81

2,108.85

1,885.29

Hong Kong Exchanges and Clearing 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															1,434.27	2,184.62	1,988.88	3,869.08	1,744.07

Competitive Comparison of Hong Kong Exchanges and Clearing's Days Payable

For the Financial Data & Stock Exchanges subindustry, Hong Kong Exchanges and Clearing'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.

Hong Kong Exchanges and Clearing's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Hong Kong Exchanges and Clearing's Days Payable distribution charts can be found below:

* The bar in red indicates where Hong Kong Exchanges and Clearing's Days Payable falls into.

Hong Kong Exchanges and Clearing 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.

Hong Kong Exchanges and Clearing'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
=	( (2098.543	+	3171.272)	/	2 )	/	510.128	*	365
=	2634.9075					/	510.128	*	365
=	1,885.29

Hong Kong Exchanges and Clearing'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
=	( (3864.981	+	3171.272)	/	2 )	/	82.973	*	365 / 4
=	3518.1265					/	82.973	*	365 / 4
=	3,869.08

Hong Kong Exchanges and Clearing Days Payable Related Terms

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Hong Kong Exchanges and Clearing (Hong Kong Exchanges and Clearing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Hong Kong Exchanges and Clearing Ltd (OTCPK:HKXCY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HKXCF:USA 00388:Hong Kong HK2C:Germany

Address

8 Connaught Place, 8th Floor, Two Exchange Square, Central, Hong Kong, HKG

Website

https://www.hkexgroup.com

Hong Kong Exchanges and Clearing is a vertically integrated securities exchange business offering listing, data, trading, clearing and settlement services across equities, debt and derivatives. HKEx, like Hong Kong itself, functions as a gateway between China and the rest of the world. HKEx serves as a preferred listing venue for Chinese companies outside of China and, through the Connect Scheme, offers two-way trading for a growing group of financial products with the Shanghai Stock Exchange and the Shenzhen Stock Exchange.