Greatime International Holdings (HKSE:00844) Days Payable : 83.88 (As of Dec. 2023)

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What is Greatime International Holdings Days Payable?

Greatime International Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$104.2 Mil. Greatime International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$226.6 Mil. Hence, Greatime International Holdings's Days Payable for the six months ended in Dec. 2023 was 83.88.

The historical rank and industry rank for Greatime International Holdings's Days Payable or its related term are showing as below:

HKSE:00844' s Days Payable Range Over the Past 10 Years
Min: 46.69 Med: 65.19 Max: 102.46
Current: 80.97

During the past 13 years, Greatime International Holdings's highest Days Payable was 102.46. The lowest was 46.69. And the median was 65.19.

HKSE:00844's Days Payable is ranked better than
68% of 1022 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs HKSE:00844: 80.97

Greatime International Holdings's Days Payable increased from Dec. 2022 (61.37) to Dec. 2023 (83.88). It may suggest that Greatime International Holdings delayed paying its suppliers.

Greatime International Holdings Days Payable Historical Data

The historical data trend for Greatime International Holdings'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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Greatime International Holdings Days Payable Chart

Greatime International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.38

46.69

53.00

69.51

78.92

Greatime International Holdings 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															47.46	58.00	61.37	80.01	83.88

Competitive Comparison of Greatime International Holdings's Days Payable

For the Apparel Manufacturing subindustry, Greatime International Holdings'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.

Greatime International Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Greatime International Holdings's Days Payable falls into.

Greatime International Holdings 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.

Greatime International Holdings'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
=	( (85.141	+	105.553)	/	2 )	/	440.982	*	365
=	95.347					/	440.982	*	365
=	78.92

Greatime International Holdings'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
=	( (102.79	+	105.553)	/	2 )	/	226.646	*	365 / 2
=	104.1715					/	226.646	*	365 / 2
=	83.88

Greatime International Holdings Days Payable Related Terms

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Greatime International Holdings (HKSE:00844) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Greatime International Holdings Ltd (HKSE:00844) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 102 Renmin Dong Road, Shandong Province, Zhucheng, CHN

Website

http://www.greatimeintl.com

Greatime International Holdings Ltd is a Hong Kong-based investment holding company principally engaged in the manufacture and sales of innerwear and fabrics. The company's operating segment includes Innerwear Products segment and Knitted Fabrics segment. Innerwear Products segment is engaged in the manufacturing and sale of and provision of processing services on innerwear and garments. Its products include underwear and underpants for men and women and bibs for infants, among others. Knitted Fabrics segment is engaged in the manufacturing and sale of and provision of processing services on knitted fabrics. The company operates businesses in Japan, the People's Republic of China, United States, Africa, Italy, Myanmar, and Hong Kong.

Executives

Wang Guangxi
Nan Jing Yong Tai Qi Ye Guan Li You Xian Gong Si	2201 Interest of corporation controlled by you
Yong Tai Ke Ji Tou Zi You Xian Gong Si
Yong Tai Ji Tuan You Xian Gong Si Yong Tai Kong Gu Ji Tuan You Xian Gong Si
Junfun Investment Limited	2101 Beneficial owner
Guo Tianshu
Joint Full International Limited

Greatime International Holdings (HKSE:00844) Headlines

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