LX Technology Group (HKSE:02436) Days Payable : 27.22 (As of Dec. 2023)

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What is LX Technology Group Days Payable?

LX Technology Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$146 Mil. LX Technology Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$977 Mil. Hence, LX Technology Group's Days Payable for the six months ended in Dec. 2023 was 27.22.

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

HKSE:02436' s Days Payable Range Over the Past 10 Years
Min: 24.92 Med: 31.99 Max: 91.78
Current: 29.14

During the past 5 years, LX Technology Group's highest Days Payable was 91.78. The lowest was 24.92. And the median was 31.99.

HKSE:02436's Days Payable is ranked worse than
88.39% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs HKSE:02436: 29.14

LX Technology Group's Days Payable declined from Dec. 2022 (32.34) to Dec. 2023 (27.22). It may suggest that LX Technology Group accelerated paying its suppliers.

LX Technology Group Days Payable Historical Data

The historical data trend for LX Technology 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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LX Technology Group Days Payable Chart

LX Technology Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

91.78

48.90

31.99

24.92

30.57

LX Technology Group Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			17.87	23.23	32.34	29.87	27.22

Competitive Comparison of LX Technology Group's Days Payable

For the Computer Hardware subindustry, LX Technology 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.

LX Technology Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, LX Technology Group's Days Payable distribution charts can be found below:

* The bar in red indicates where LX Technology Group's Days Payable falls into.

LX Technology 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.

LX Technology 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
=	( (139.727	+	161.704)	/	2 )	/	1799.772	*	365
=	150.7155					/	1799.772	*	365
=	30.57

LX Technology 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
=	( (129.69	+	161.704)	/	2 )	/	976.721	*	365 / 2
=	145.697					/	976.721	*	365 / 2
=	27.22

LX Technology Group Days Payable Related Terms

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LX Technology Group (HKSE:02436) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » LX Technology Group Ltd (HKSE:02436) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Kaifeng Road, Meilin Street, 501, 5th Floor Cuilin Building, International financial technology city, Maling District, Futian District, Shenzhen, CHN

Website

https://www.bearrental.com

LX Technology Group Ltd is a device as a service provider in China. It is principally engaged in the sales of refurbished de-commissioned IT devices to, among others, resellers of IT devices, and the provision of the device and IT technical subscription services to SMEs in China. The segments of the company are the Device recycling business and Device subscription services, from which the company earns maximum revenue from the Device recycling business.

LX Technology Group (HKSE:02436) Headlines

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