Solartech International Holdings (HKSE:01166) Days Payable : 22.99 (As of Dec. 2023)

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What is Solartech International Holdings Days Payable?

Solartech International Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$69.2 Mil. Solartech International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$549.1 Mil. Hence, Solartech International Holdings's Days Payable for the six months ended in Dec. 2023 was 22.99.

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

HKSE:01166' s Days Payable Range Over the Past 10 Years
Min: 45.01 Med: 63.6 Max: 75.6
Current: 46.75

During the past 13 years, Solartech International Holdings's highest Days Payable was 75.60. The lowest was 45.01. And the median was 63.60.

HKSE:01166's Days Payable is ranked worse than
73.3% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs HKSE:01166: 46.75

Solartech International Holdings's Days Payable declined from Dec. 2022 (94.80) to Dec. 2023 (22.99). It may suggest that Solartech International Holdings accelerated paying its suppliers.

Solartech International Holdings Days Payable Historical Data

The historical data trend for Solartech 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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Solartech International Holdings Days Payable Chart

Solartech International Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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64.34

45.01

60.75

62.86

55.38

Solartech 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															76.73	93.42	94.80	101.78	22.99

Competitive Comparison of Solartech International Holdings's Days Payable

For the Electrical Equipment & Parts subindustry, Solartech 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.

Solartech International Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Solartech International Holdings's Days Payable distribution charts can be found below:

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

Solartech 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.

Solartech International Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (54.731	+	55.173)	/	2 )	/	362.161	*	365
=	54.952					/	362.161	*	365
=	55.38

Solartech 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
=	( (55.173	+	83.154)	/	2 )	/	549.138	*	365 / 2
=	69.1635					/	549.138	*	365 / 2
=	22.99

Solartech International Holdings Days Payable Related Terms

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Solartech International Holdings (HKSE:01166) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Solartech International Holdings Ltd (HKSE:01166) » Definitions » Days Payable

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Traded in Other Exchanges

SWP7:Germany

Address

1 Science Museum Road, Unit 16, 12/F, Concordia Plaza, Tsim Sha Tsui, Kowloon, HKG

Website

http://www.1166hk.com

Solartech International Holdings Ltd is an investment holding company. Its operations are divided into three business segments: manufacture and trading of cables and wires; trading of copper rods; and investment properties. It derives most of its revenue from the cables and wires segment in the People's Republic of China and also has a presence in the Americas, Europe, Hong Kong, and Other Asian regions.

Solartech International Holdings (HKSE:01166) Headlines

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