Wan Kei Group Holdings (HKSE:01718) Days Payable : 49.50 (As of Sep. 2023)

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What is Wan Kei Group Holdings Days Payable?

Wan Kei Group Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$31.1 Mil. Wan Kei Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$114.7 Mil. Hence, Wan Kei Group Holdings's Days Payable for the six months ended in Sep. 2023 was 49.50.

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

HKSE:01718' s Days Payable Range Over the Past 10 Years
Min: 37.06 Med: 59.3 Max: 117.86
Current: 59.1

During the past 9 years, Wan Kei Group Holdings's highest Days Payable was 117.86. The lowest was 37.06. And the median was 59.30.

HKSE:01718's Days Payable is ranked worse than
62.51% of 1603 companies
in the Construction industry
Industry Median: 75.21 vs HKSE:01718: 59.10

Wan Kei Group Holdings's Days Payable increased from Sep. 2022 (41.20) to Sep. 2023 (49.50). It may suggest that Wan Kei Group Holdings delayed paying its suppliers.

Wan Kei Group Holdings Days Payable Historical Data

The historical data trend for Wan Kei Group 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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Wan Kei Group Holdings Days Payable Chart

Wan Kei Group Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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60.24

50.93

59.30

52.28

37.06

Wan Kei Group Holdings Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial														51.50	50.40	41.20	63.82	49.50

Competitive Comparison of Wan Kei Group Holdings's Days Payable

For the Engineering & Construction subindustry, Wan Kei Group 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.

Wan Kei Group Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wan Kei Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Wan Kei Group Holdings's Days Payable falls into.

Wan Kei Group 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.

Wan Kei Group Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (23.588	+	29.55)	/	2 )	/	261.658	*	365
=	26.569					/	261.658	*	365
=	37.06

Wan Kei Group Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (29.55	+	32.672)	/	2 )	/	114.693	*	365 / 2
=	31.111					/	114.693	*	365 / 2
=	49.50

Wan Kei Group Holdings Days Payable Related Terms

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Wan Kei Group Holdings (HKSE:01718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wan Kei Group Holdings Ltd (HKSE:01718) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 288 Hennessy Road, Unit No. 07, 16th Floor Emperor Group Centre, Wanchai, Hong Kong, HKG

Website

http://www.hkex1718.hk

Wan Kei Group Holdings Ltd is an engineering and construction company. It is engaged in the provision of foundation works including mini piles, pipe piles, and king posts. It also offers socketed steel, driven piles, and pre-drilling works. The operating business segments are Foundation Construction, Ground Investigation Services, Trading of beauty and skin care products and Financial Services. The Foundation construction segment provides foundation construction works to customers in Hong Kong, the Ground investigation services segment provides ground investigation services to customers in Hong Kong, Financial services segment provides investment, financing, and moneylending services. The company derives revenue mainly from the Foundation construction segment.

Executives

Ample Cheer Limited	2201 Interest of corporation controlled by you
Kingston Finance Limited	2106 Person having a security interest in shares
Chu Yuet Wah	2201 Interest of corporation controlled by you
Samwood Global Limited	2103 Interests held jointly with another person
Suntecli Company Limited	2101 Beneficial owner
Chan Sui Yau	2202 Interest of your spouse
Fong Hon Hung	2103 Interests held jointly with another person
Kwong Sui Sim	2202 Interest of your spouse
Lau Woon Si	2201 Interest of corporation controlled by you
Leung Man Lun Stephen	2103 Interests held jointly with another person
So Choi	2202 Interest of your spouse
Coast International Asset Management Limited	2102 Investment manager

Wan Kei Group Holdings (HKSE:01718) Headlines

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