Apex Ace Holding (HKSE:06036) Days Payable : 16.03 (As of Dec. 2023)

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What is Apex Ace Holding Days Payable?

Apex Ace Holding's average Accounts Payable for the six months ended in Dec. 2023 was HK$131 Mil. Apex Ace Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,487 Mil. Hence, Apex Ace Holding's Days Payable for the six months ended in Dec. 2023 was 16.03.

The historical rank and industry rank for Apex Ace Holding's Days Payable or its related term are showing as below:

HKSE:06036' s Days Payable Range Over the Past 10 Years
Min: 20.21 Med: 27.83 Max: 46.71
Current: 20.21

During the past 10 years, Apex Ace Holding's highest Days Payable was 46.71. The lowest was 20.21. And the median was 27.83.

HKSE:06036's Days Payable is ranked worse than
95.21% of 2421 companies
in the Hardware industry
Industry Median: 67.77 vs HKSE:06036: 20.21

Apex Ace Holding's Days Payable declined from Dec. 2022 (29.09) to Dec. 2023 (16.03). It may suggest that Apex Ace Holding accelerated paying its suppliers.

Apex Ace Holding Days Payable Historical Data

The historical data trend for Apex Ace Holding'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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Apex Ace Holding Days Payable Chart

Apex Ace Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.10

46.71

26.44

20.75

22.87

Apex Ace Holding Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												28.96	20.62	29.09	23.71	16.03

Competitive Comparison of Apex Ace Holding's Days Payable

For the Electronics & Computer Distribution subindustry, Apex Ace Holding'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.

Apex Ace Holding's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Apex Ace Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Apex Ace Holding's Days Payable falls into.

Apex Ace Holding 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.

Apex Ace Holding'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
=	( (131.812	+	164.622)	/	2 )	/	2365.799	*	365
=	148.217					/	2365.799	*	365
=	22.87

Apex Ace Holding'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
=	( (96.555	+	164.622)	/	2 )	/	1486.834	*	365 / 2
=	130.5885					/	1486.834	*	365 / 2
=	16.03

Apex Ace Holding Days Payable Related Terms

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Apex Ace Holding (HKSE:06036) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Apex Ace Holding Ltd (HKSE:06036) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6011 Shennan Avenue, 26K, NEO Tower A, Futian District, Shenzhen, CHN

Website

https://www.apexace.com

Apex Ace Holding Ltd is a distributor of semiconductors and other electronic components and is engaged in the supply of digital storage products and general electronic components along with the provision of complementary technical support. It focuses on identifying, sourcing, selling and distributing electronic components produced by upstream manufacturers to downstream manufacturers in the PRC and Hong Kong. Its Digital Storage products include DRAM, FLASH and MCP memory products, which are applied to multimedia and mobile devices such as set-top boxes, smart TVs, wearable devices, mobile phones. Its General components include switches, connectors, passive components, main chips, sensors, power semiconductors and analog-to-digital converters.

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