Minerva Group Holding (HKSE:00397) Days Payable : 1,542.15 (As of Dec. 2023)

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What is Minerva Group Holding Days Payable?

Minerva Group Holding's average Accounts Payable for the six months ended in Dec. 2023 was HK$16.95 Mil. Minerva Group Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2.01 Mil. Hence, Minerva Group Holding's Days Payable for the six months ended in Dec. 2023 was 1,542.15.

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

HKSE:00397' s Days Payable Range Over the Past 10 Years
Min: 313.25 Med: 1482.37 Max: 2821.76
Current: 1417.03

During the past 13 years, Minerva Group Holding's highest Days Payable was 2821.76. The lowest was 313.25. And the median was 1482.37.

HKSE:00397's Days Payable is ranked better than
85.53% of 76 companies
in the Diversified Financial Services industry
Industry Median: 87.55 vs HKSE:00397: 1417.03

Minerva Group Holding's Days Payable increased from Dec. 2022 (1,471.14) to Dec. 2023 (1,542.15). It may suggest that Minerva Group Holding delayed paying its suppliers.

Minerva Group Holding Days Payable Historical Data

The historical data trend for Minerva Group Holding'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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Minerva Group Holding Days Payable Chart

Minerva Group Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,207.32

313.25

830.09

1,714.20

1,351.85

Minerva Group Holding 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															1,152.77	1,421.02	1,471.14	1,372.29	1,542.15

Competitive Comparison of Minerva Group Holding's Days Payable

For the Financial Conglomerates subindustry, Minerva Group Holding'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.

Minerva Group Holding's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Minerva Group Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Minerva Group Holding's Days Payable falls into.

Minerva Group Holding 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.

Minerva Group Holding'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
=	( (17.414	+	15.223)	/	2 )	/	4.406	*	365
=	16.3185					/	4.406	*	365
=	1,351.85

Minerva Group Holding'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
=	( (18.679	+	15.223)	/	2 )	/	2.006	*	365 / 2
=	16.951					/	2.006	*	365 / 2
=	1,542.15

Minerva Group Holding Days Payable Related Terms

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Minerva Group Holding (HKSE:00397) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Minerva Group Holding Ltd (HKSE:00397) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

16 Harcourt Road, Unit 1804A, 18th floor, Far East Finance Centre, Hong Kong, HKG

Website

http://www.powerfinancial.com.hk

Minerva Group Holding Ltd Formerly Power Financial Group Ltd is principally engaged in the financial services business, money lending business, and asset investment, t. The company operates through four segments Financial Services segment provides financial services including securities brokerage, placing, and corporate finance advisory services in Hong Kong; the Money Lending segment provides loan financing in Hong Kong; and Assets investment segment that invests in debt securities earning fixed interest income, as well as investments in listed and unlisted equity securities and investment funds earning variable returns and gains. It derives the majority of its revenue from the Money lending segment. It derives revenue from Hong Kong.

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