Arta TechFin (HKSE:00279) Days Payable : 2.87 (As of Sep. 2023)

View and export this data going back to 1988. Start your Free Trial

What is Arta TechFin Days Payable?

Arta TechFin's average Accounts Payable for the six months ended in Sep. 2023 was HK$0.35 Mil. Arta TechFin's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$22.34 Mil. Hence, Arta TechFin's Days Payable for the six months ended in Sep. 2023 was 2.87.

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

HKSE:00279' s Days Payable Range Over the Past 10 Years
Min: 8.79 Med: 207.1 Max: 2174.68
Current: 8.79

During the past 13 years, Arta TechFin's highest Days Payable was 2174.68. The lowest was 8.79. And the median was 207.10.

HKSE:00279's Days Payable is ranked worse than
87.48% of 527 companies
in the Capital Markets industry
Industry Median: 106.62 vs HKSE:00279: 8.79

Arta TechFin's Days Payable declined from Sep. 2022 (28.87) to Sep. 2023 (2.87). It may suggest that Arta TechFin accelerated paying its suppliers.

Arta TechFin Days Payable Historical Data

The historical data trend for Arta TechFin'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.

* Premium members only.

Arta TechFin Days Payable Chart

Arta TechFin Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

1,156.84

165.85

1,671.09

208.21

28.84

Arta TechFin Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															737.06	112.49	28.87	13.63	2.87

Competitive Comparison of Arta TechFin's Days Payable

For the Capital Markets subindustry, Arta TechFin'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.

Arta TechFin's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Arta TechFin's Days Payable distribution charts can be found below:

* The bar in red indicates where Arta TechFin's Days Payable falls into.

Arta TechFin 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.

Arta TechFin's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (6.616	+	0.371)	/	2 )	/	44.219	*	365
=	3.4935					/	44.219	*	365
=	28.84

Arta TechFin's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.371	+	0.331)	/	2 )	/	22.343	*	365 / 2
=	0.351					/	22.343	*	365 / 2
=	2.87

Arta TechFin Days Payable Related Terms

Thank you for viewing the detailed overview of Arta TechFin's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Arta TechFin (HKSE:00279) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Arta TechFin Corp Ltd (HKSE:00279) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Units 1-2, 728 King’s Road, Level 9, K11 ATELIER King's Road, Quarry Bay, Hong Kong, CHN

Website

https://www.artatechfin.com

Arta TechFin Corp Ltd is an investment holding company that operates in three segments; Global markets business, which includes brokerage and investment banking businesses, Asset management business, Insurance brokerage business. Majority of its revenue is generated from Global markets business segment. Geographically, the business is carried out in Hong Kong.

Arta TechFin (HKSE:00279) Headlines

No Headlines