Fuxing China Group (SGX:AWK) Days Payable : 74.13 (As of Dec. 2023)

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What is Fuxing China Group Days Payable?

Fuxing China Group's average Accounts Payable for the six months ended in Dec. 2023 was S$27.5 Mil. Fuxing China Group's Cost of Goods Sold for the six months ended in Dec. 2023 was S$67.7 Mil. Hence, Fuxing China Group's Days Payable for the six months ended in Dec. 2023 was 74.13.

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

SGX:AWK' s Days Payable Range Over the Past 10 Years
Min: 27.49 Med: 65.61 Max: 156.94
Current: 74.28

During the past 13 years, Fuxing China Group's highest Days Payable was 156.94. The lowest was 27.49. And the median was 65.61.

SGX:AWK's Days Payable is ranked better than
63.9% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.52 vs SGX:AWK: 74.28

Fuxing China Group's Days Payable increased from Dec. 2022 (64.02) to Dec. 2023 (74.13). It may suggest that Fuxing China Group delayed paying its suppliers.

Fuxing China Group Days Payable Historical Data

The historical data trend for Fuxing China Group'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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Fuxing China Group Days Payable Chart

Fuxing China Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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59.08

65.85

65.36

67.29

71.04

Fuxing China Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															62.43	65.52	64.02	77.97	74.13

Competitive Comparison of Fuxing China Group's Days Payable

For the Apparel Manufacturing subindustry, Fuxing China Group'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.

Fuxing China Group's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Fuxing China Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Fuxing China Group's Days Payable falls into.

Fuxing China Group 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.

Fuxing China Group'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
=	( (26.877	+	25.133)	/	2 )	/	133.605	*	365
=	26.005					/	133.605	*	365
=	71.04

Fuxing China Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (29.865	+	25.133)	/	2 )	/	67.699	*	365 / 2
=	27.499					/	67.699	*	365 / 2
=	74.13

Fuxing China Group Days Payable Related Terms

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Fuxing China Group (SGX:AWK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Fuxing China Group Ltd (SGX:AWK) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

3FU1:Germany

Address

Hangbian Industrial Area, Longhu Town, Fujian Province, Jinjiang, CHN, 362241

Website

http://www.3fzipper.com

Fuxing China Group Ltd is an investment holding company. The company has four reportable operating segments: Zippers, Processing, Trading, and Corporate. The zipper segment is further subdivided into Zipper Chains, and Zipper Sliders. The processing segment includes colour dyeing of fabric tapes for zippers, electroplating services for zipper sliders, and manufacturing and sales of dyed yarn. The Trading segment represents the trading of raw materials, including rubber thread, nylon fabric, and nylon yarn. Its geographical segments are China and Hong Kong, of which China accounts for the majority of its revenue.