Haosen Fintech Group (HKSE:03848) Days Payable : 9.67 (As of Dec. 2023)

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What is Haosen Fintech Group Days Payable?

Haosen Fintech Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$0.7 Mil. Haosen Fintech Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$12.9 Mil. Hence, Haosen Fintech Group's Days Payable for the six months ended in Dec. 2023 was 9.67.

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

HKSE:03848' s Days Payable Range Over the Past 10 Years
Min: 44.86 Med: 118.96 Max: 176.35
Current: 44.86

During the past 10 years, Haosen Fintech Group's highest Days Payable was 176.35. The lowest was 44.86. And the median was 118.96.

HKSE:03848's Days Payable is ranked worse than
52.65% of 283 companies
in the Credit Services industry
Industry Median: 48.78 vs HKSE:03848: 44.86

Haosen Fintech Group's Days Payable declined from Dec. 2022 (125.21) to Dec. 2023 (9.67). It may suggest that Haosen Fintech Group accelerated paying its suppliers.

Haosen Fintech Group Days Payable Historical Data

The historical data trend for Haosen Fintech 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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Haosen Fintech Group Days Payable Chart

Haosen Fintech Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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106.78

176.35

164.50

131.13

62.58

Haosen Fintech Group Semi-Annual Data
	Dec14	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													111.38	170.46	125.21	54.88	9.67

Competitive Comparison of Haosen Fintech Group's Days Payable

For the Credit Services subindustry, Haosen Fintech 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.

Haosen Fintech Group's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Haosen Fintech Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Haosen Fintech Group's Days Payable falls into.

Haosen Fintech 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.

Haosen Fintech 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
=	( (9.993	+	0.569)	/	2 )	/	30.804	*	365
=	5.281					/	30.804	*	365
=	62.58

Haosen Fintech 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
=	( (0.795	+	0.569)	/	2 )	/	12.868	*	365 / 2
=	0.682					/	12.868	*	365 / 2
=	9.67

Haosen Fintech Group Days Payable Related Terms

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Haosen Fintech Group (HKSE:03848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Haosen Fintech Group Ltd (HKSE:03848) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Room 3402, 34th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.cwl.com

Haosen Fintech Group Ltd Formerly Wealthy Way Group Ltd is engaged in the financial services company. The company's segment includes Finance lease and factoring related services; Micro credit and loan facilitation related services and Securities dealing and broking and other financial services. It generates majority of its revenue from the Micro credit and loan facilitation related services segment. Geographically, it derives a majority of its revenue from China.

Haosen Fintech Group (HKSE:03848) Headlines

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