Kinetic Development Group (HKSE:01277) Days Payable : 8.46 (As of Dec. 2023)

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What is Kinetic Development Group Days Payable?

Kinetic Development Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$64 Mil. Kinetic Development Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,386 Mil. Hence, Kinetic Development Group's Days Payable for the six months ended in Dec. 2023 was 8.46.

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

HKSE:01277' s Days Payable Range Over the Past 10 Years
Min: 11.04 Med: 12.04 Max: 33.98
Current: 11.04

During the past 13 years, Kinetic Development Group's highest Days Payable was 33.98. The lowest was 11.04. And the median was 12.04.

HKSE:01277's Days Payable is ranked worse than
96.83% of 126 companies
in the Other Energy Sources industry
Industry Median: 64.77 vs HKSE:01277: 11.04

Kinetic Development Group's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (8.46). It may suggest that Kinetic Development Group delayed paying its suppliers.

Kinetic Development Group Days Payable Historical Data

The historical data trend for Kinetic Development Group'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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Kinetic Development Group Days Payable Chart

Kinetic Development Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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11.04

Kinetic Development Group 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															-	-	-	-	8.46

Competitive Comparison of Kinetic Development Group's Days Payable

For the Thermal Coal subindustry, Kinetic Development Group'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.

Kinetic Development Group's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Kinetic Development Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Kinetic Development Group's Days Payable falls into.

Kinetic Development Group 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.

Kinetic Development Group'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
=	( (0	+	64.244)	/	1 )	/	2124.152	*	365
=	64.244					/	2124.152	*	365
=	11.04

Kinetic Development Group'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
=	( (0	+	64.244)	/	1 )	/	1385.532	*	365 / 2
=	64.244					/	1385.532	*	365 / 2
=	8.46

Kinetic Development Group Days Payable Related Terms

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Kinetic Development Group (HKSE:01277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Kinetic Development Group Ltd (HKSE:01277) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Dafanpu Coal Mine, Majiata Village, Xuejiawan Town Zhunge’er Banner, Ordos City Inner Mongolia, Ordos City, CHN

Website

https://www.kineticme.com

Kinetic Development Group Ltd is engaged in the extraction and sales of coal products. It also operates in other activities which include coal production and washing, coal loading and transportation, and coal trading. Its customer base includes large-scale state-owned enterprises, trading firms, and terminal power plants. The company focuses on the development and operation of the Dafanpu Coal Mine situated in Erdos City, the Xiaojia loading station, and its associated rail spur lines. The reportable segments of the company are the coal mining segment and other segment (mainly including planting and properties operations).

Kinetic Development Group (HKSE:01277) Headlines

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