FIT Hon Teng (HKSE:06088) Days Payable : 78.88 (As of Dec. 2023)

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What is FIT Hon Teng Days Payable?

FIT Hon Teng's average Accounts Payable for the six months ended in Dec. 2023 was HK$6,371 Mil. FIT Hon Teng's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$14,741 Mil. Hence, FIT Hon Teng's Days Payable for the six months ended in Dec. 2023 was 78.88.

The historical rank and industry rank for FIT Hon Teng's Days Payable or its related term are showing as below:

HKSE:06088' s Days Payable Range Over the Past 10 Years
Min: 66.95 Med: 78.62 Max: 137.89
Current: 93.22

During the past 8 years, FIT Hon Teng's highest Days Payable was 137.89. The lowest was 66.95. And the median was 78.62.

HKSE:06088's Days Payable is ranked better than
67.66% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs HKSE:06088: 93.22

FIT Hon Teng's Days Payable increased from Dec. 2022 (77.15) to Dec. 2023 (78.88). It may suggest that FIT Hon Teng delayed paying its suppliers.

FIT Hon Teng Days Payable Historical Data

The historical data trend for FIT Hon Teng'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.

FIT Hon Teng Days Payable Chart

FIT Hon Teng Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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71.37

66.95

69.00

84.67

111.09

FIT Hon Teng Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											68.66	77.82	77.15	91.22	78.88

Competitive Comparison of FIT Hon Teng's Days Payable

For the Electronic Components subindustry, FIT Hon Teng'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.

FIT Hon Teng's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, FIT Hon Teng's Days Payable distribution charts can be found below:

* The bar in red indicates where FIT Hon Teng's Days Payable falls into.

FIT Hon Teng 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.

FIT Hon Teng'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
=	( (7559.67	+	8549.005)	/	2 )	/	26462.804	*	365
=	8054.3375					/	26462.804	*	365
=	111.09

FIT Hon Teng'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
=	( (4193.365	+	8549.005)	/	2 )	/	14740.872	*	365 / 2
=	6371.185					/	14740.872	*	365 / 2
=	78.88

FIT Hon Teng Days Payable Related Terms

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FIT Hon Teng (HKSE:06088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » FIT Hon Teng Ltd (HKSE:06088) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

FITGF:USA 0FJ:Germany

Address

66-1, Chungshan Road, Tucheng District, New Taipei Ciy, TWN, 23680

Website

https://www.fit-foxconn.com

FIT Hon Teng Ltd is a manufacturer of electronic components. It focuses on the development, manufacturing, and marketing of electronic and optoelectronic connectors, antennas, acoustic components, cables, and modules for applications in computers, communication equipment, consumer electronics, automobiles, and industrial and green energy field products. Geographically, the group has a business presence in the U.S., the PRC, Taiwan, Hong Kong, the United Kingdom, Singapore, Malaysia, and other countries, of which a majority of revenue is derived from the U.S. Its operating segments are Intermediate products and Consumer products.

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