SinoMedia Holding (HKSE:00623) Days Payable : 41.02 (As of Dec. 2023)

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What is SinoMedia Holding Days Payable?

SinoMedia Holding's average Accounts Payable for the six months ended in Dec. 2023 was HK$75.2 Mil. SinoMedia Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$334.6 Mil. Hence, SinoMedia Holding's Days Payable for the six months ended in Dec. 2023 was 41.02.

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

HKSE:00623' s Days Payable Range Over the Past 10 Years
Min: 3.26 Med: 7.43 Max: 49.98
Current: 30.73

During the past 13 years, SinoMedia Holding's highest Days Payable was 49.98. The lowest was 3.26. And the median was 7.43.

HKSE:00623's Days Payable is ranked worse than
78.95% of 931 companies
in the Media - Diversified industry
Industry Median: 79.27 vs HKSE:00623: 30.73

SinoMedia Holding's Days Payable increased from Dec. 2022 (33.19) to Dec. 2023 (41.02). It may suggest that SinoMedia Holding delayed paying its suppliers.

SinoMedia Holding Days Payable Historical Data

The historical data trend for SinoMedia 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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SinoMedia Holding Days Payable Chart

SinoMedia Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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4.90

5.97

7.93

17.41

24.67

SinoMedia 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															10.28	24.63	33.19	27.06	41.02

Competitive Comparison of SinoMedia Holding's Days Payable

For the Advertising Agencies subindustry, SinoMedia 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.

SinoMedia Holding's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, SinoMedia Holding's Days Payable distribution charts can be found below:

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

SinoMedia 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.

SinoMedia 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
=	( (25.798	+	68.502)	/	2 )	/	697.688	*	365
=	47.15					/	697.688	*	365
=	24.67

SinoMedia 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
=	( (81.897	+	68.502)	/	2 )	/	334.566	*	365 / 2
=	75.1995					/	334.566	*	365 / 2
=	41.02

SinoMedia Holding Days Payable Related Terms

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SinoMedia Holding (HKSE:00623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » SinoMedia Holding Ltd (HKSE:00623) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SJY:Germany

Address

No. 9 Guanghua Road, 7th Floor, The Place, SinoMedia Tower, Chaoyang District, Beijing, CHN

Website

http://www.sinomedia.com.hk

SinoMedia Holding Ltd is a media operation group in China that focuses on conducting cross-media investment and operation with creative video communication. The company owns business sections including CCTV's advertising agency business, brand content creative communication, film and television program investment and production, and internet precision marketing. It derives revenue from TV advertising, creative content production, and digital marketing services.

Executives

Tricor Equity Trustee Limited
Liu Jinlan
Chen Xin
Clh Holding Limited
Equity Trustee Limited

SinoMedia Holding (HKSE:00623) Headlines

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