Folangsi Co (HKSE:02499) Days Payable : 109.90 (As of Dec. 2023)

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What is Folangsi Co Days Payable?

Folangsi Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$314 Mil. Folangsi Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,044 Mil. Hence, Folangsi Co's Days Payable for the six months ended in Dec. 2023 was 54.95.

The historical rank and industry rank for Folangsi Co's Days Payable or its related term are showing as below:

HKSE:02499' s Days Payable Range Over the Past 10 Years
Min: 96.62 Med: 109.16 Max: 114.15
Current: 109.9

During the past 4 years, Folangsi Co's highest Days Payable was 114.15. The lowest was 96.62. And the median was 109.16.

HKSE:02499's Days Payable is ranked better than
65.53% of 206 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 71.475 vs HKSE:02499: 109.90

Folangsi Co's Days Payable increased from Dec. 2021 (96.62) to Dec. 2023 (109.90). It may suggest that Folangsi Co delayed paying its suppliers.

Folangsi Co Days Payable Historical Data

The historical data trend for Folangsi Co'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.

* Premium members only.

Folangsi Co Days Payable Chart

Folangsi Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

108.41

96.62

114.15

109.90

Folangsi Co Semi-Annual Data
	Dec20	Dec21	Dec22	Dec23
Days Payable	108.41	96.62	114.15	109.90

Competitive Comparison of Folangsi Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Folangsi Co'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.

Folangsi Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Folangsi Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Folangsi Co's Days Payable falls into.

Folangsi Co 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.

Folangsi Co'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
=	( (293.205	+	335.429)	/	2 )	/	1043.909	*	365
=	314.317					/	1043.909	*	365
=	109.90

Folangsi Co'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: Dec. 2022 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (293.205	+	335.429)	/	2 )	/	1043.909	*	365 / 2
=	314.317					/	1043.909	*	365 / 2
=	54.95

Folangsi Co Days Payable Related Terms

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Folangsi Co (HKSE:02499) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Folangsi Co Ltd (HKSE:02499) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 999, Yayun Avenue, Shiqi Town, Panyu District, Guangdong, Guangzhou, CHN, 511440

Website

https://www.fls123.com

Folangsi Co Ltd is a leading intralogistics equipment solution provider in China. Focusing on intralogistics equipment subscription services, It strives to provide enterprises with one-stop solutions for intralogistics equipment utilization and management. It also has an established presence in the industry, providing services that span the entire lifecycle of intralogistics equipment, including equipment subscription, repair and maintenance, and disposal.

Folangsi Co (HKSE:02499) Headlines

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