Million Hope Industries Holdings (HKSE:01897) Days Payable : 26.80 (As of Sep. 2023)

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What is Million Hope Industries Holdings Days Payable?

Million Hope Industries Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$43.1 Mil. Million Hope Industries Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$293.6 Mil. Hence, Million Hope Industries Holdings's Days Payable for the six months ended in Sep. 2023 was 26.80.

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

HKSE:01897' s Days Payable Range Over the Past 10 Years
Min: 13.26 Med: 20.31 Max: 28.08
Current: 27.11

During the past 8 years, Million Hope Industries Holdings's highest Days Payable was 28.08. The lowest was 13.26. And the median was 20.31.

HKSE:01897's Days Payable is ranked worse than
90.7% of 1603 companies
in the Construction industry
Industry Median: 75.21 vs HKSE:01897: 27.11

Million Hope Industries Holdings's Days Payable increased from Sep. 2022 (24.25) to Sep. 2023 (26.80). It may suggest that Million Hope Industries Holdings delayed paying its suppliers.

Million Hope Industries Holdings Days Payable Historical Data

The historical data trend for Million Hope Industries 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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Million Hope Industries Holdings Days Payable Chart

Million Hope Industries Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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25.80

28.08

19.47

19.09

27.69

Million Hope Industries Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial									22.61	24.38	24.25	30.02	26.80

Competitive Comparison of Million Hope Industries Holdings's Days Payable

For the Building Products & Equipment subindustry, Million Hope Industries 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.

Million Hope Industries Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Million Hope Industries Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Million Hope Industries Holdings's Days Payable falls into.

Million Hope Industries 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.

Million Hope Industries 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
=	( (35.955	+	50.442)	/	2 )	/	569.351	*	365
=	43.1985					/	569.351	*	365
=	27.69

Million Hope Industries 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
=	( (50.442	+	35.797)	/	2 )	/	293.598	*	365 / 2
=	43.1195					/	293.598	*	365 / 2
=	26.80

Million Hope Industries Holdings Days Payable Related Terms

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Million Hope Industries Holdings (HKSE:01897) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Million Hope Industries Holdings Ltd (HKSE:01897) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 On Kwan Street, Office A, 20th Floor, Kings Wing Plaza 1, Shek Mum, Shatin, New Territories, Hong Kong, HKG

Website

http://www.millionhope.com.hk

Million Hope Industries Holdings Ltd and its subsidiaries are engaged in designing, supplying and installation of facade and curtain wall systems, with a focus on curtain walls, aluminum windows and doors. The company provides design, supply and installation services for curtain walls, aluminium windows and doors on both new and existing buildings, and works with customers and architects to offer tailor-made designs and products to suit the project requirements. The principal customers are the main contractors and property developers. Geographically, the group has a business presence in Hong Kong, Mainland China and Others, of which prime revenue is generated from Hong Kong.

Executives

Ccm Trust (cayman) Limited
Webb David Michael	2201 Interest of corporation controlled by you
Mingly Corporation
Mingly Asia Capital Limited
Cha Mou Daid Johnson
Ccm Capital Corporation
Wong Lui Kwok Wai	2202 Interest of your spouse
Wong Sue Toa Stewart	2101 Beneficial owner
Cha Mou Sing Payson	2501 Other
Lbj Regents Limited	2501 Other

Million Hope Industries Holdings (HKSE:01897) Headlines

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