Eco-Tek Holdings (HKSE:08169) Days Payable : 52.62 (As of Oct. 2023)

View and export this data going back to 2001. Start your Free Trial

What is Eco-Tek Holdings Days Payable?

Eco-Tek Holdings's average Accounts Payable for the three months ended in Oct. 2023 was HK$12.2 Mil. Eco-Tek Holdings's Cost of Goods Sold for the three months ended in Oct. 2023 was HK$21.2 Mil. Hence, Eco-Tek Holdings's Days Payable for the three months ended in Oct. 2023 was 52.62.

The historical rank and industry rank for Eco-Tek Holdings's Days Payable or its related term are showing as below:

HKSE:08169' s Days Payable Range Over the Past 10 Years
Min: 50.32 Med: 72.16 Max: 160.14
Current: 76.43

During the past 13 years, Eco-Tek Holdings's highest Days Payable was 160.14. The lowest was 50.32. And the median was 72.16.

HKSE:08169's Days Payable is ranked worse than
50.17% of 2936 companies
in the Industrial Products industry
Industry Median: 76.705 vs HKSE:08169: 76.43

Eco-Tek Holdings's Days Payable declined from Oct. 2022 (109.15) to Oct. 2023 (52.62). It may suggest that Eco-Tek Holdings accelerated paying its suppliers.

Eco-Tek Holdings Days Payable Historical Data

The historical data trend for Eco-Tek Holdings'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.

Eco-Tek Holdings Days Payable Chart

Eco-Tek Holdings Annual Data

Trend

Oct14

Oct15

Oct16

Oct17

Oct18

Oct19

Oct20

Oct21

Oct22

Oct23

Days Payable

Get a 7-Day Free Trial

60.49

71.81

72.50

106.25

86.16

Eco-Tek Holdings Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial															109.15	133.98	58.24	60.43	52.62

Competitive Comparison of Eco-Tek Holdings's Days Payable

For the Pollution & Treatment Controls subindustry, Eco-Tek Holdings'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.

Eco-Tek Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Eco-Tek Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Eco-Tek Holdings's Days Payable falls into.

Eco-Tek Holdings 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.

Eco-Tek Holdings's Days Payable for the fiscal year that ended in Oct. 2023 is calculated as

	Days Payable (A: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Oct. 2022 )	+	Accounts Payable (A: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (A: Oct. 2023 )	*	Days in Period
=	( (18.447	+	12.236)	/	2 )	/	64.992	*	365
=	15.3415					/	64.992	*	365
=	86.16

Eco-Tek Holdings's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (0	+	12.236)	/	1 )	/	21.217	*	365 / 4
=	12.236					/	21.217	*	365 / 4
=	52.62

Eco-Tek Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Eco-Tek Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Eco-Tek Holdings (HKSE:08169) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Eco-Tek Holdings Ltd (HKSE:08169) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Westlands Road, Unit 2, 9/F, Westlands Centre, Quarry Bay, Hong Kong, HKG

Website

http://www.eco-tek.com.hk

Eco-Tek Holdings Ltd and its subsidiaries are principally involved in the marketing, sales, servicing, research, and development of environmental protection-related products and services. The company operates in two segments: Environment-friendly products and Water supply plants. The environment-friendly products segment, which accounts for the majority of revenue is into the sale of general & industrial environment-friendly products, components, and other related accessories. Its geographical segments are Hong Kong, PRC, and others, of which the vast majority of revenue comes from the PRC.

Executives

Pau Kwok Ping	2101 Beneficial owner
Crayne Company Limited	2101 Beneficial owner
Wide Sky Management Limited (formerly Known As Wide Sky Management (ptc) Limited)	2201 Interest of corporation controlled by you
Chiang Lily	2307 Founder of a discretionary trust who can infl
Virtue Trustees (switzerland) Ag	2301 Trustee

Eco-Tek Holdings (HKSE:08169) Headlines

No Headlines