Wealth Glory Holdings (HKSE:08269) Days Payable : 20.76 (As of Sep. 2023)

View and export this data going back to 2010. Start your Free Trial

What is Wealth Glory Holdings Days Payable?

Wealth Glory Holdings's average Accounts Payable for the three months ended in Sep. 2023 was HK$0.95 Mil. Wealth Glory Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$4.16 Mil. Hence, Wealth Glory Holdings's Days Payable for the three months ended in Sep. 2023 was 20.76.

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

HKSE:08269' s Days Payable Range Over the Past 10 Years
Min: 3.74 Med: 10.51 Max: 29.95
Current: 12.73

During the past 13 years, Wealth Glory Holdings's highest Days Payable was 29.95. The lowest was 3.74. And the median was 10.51.

HKSE:08269's Days Payable is ranked worse than
95.74% of 470 companies
in the Conglomerates industry
Industry Median: 58.265 vs HKSE:08269: 12.73

Wealth Glory Holdings's Days Payable increased from Sep. 2022 (7.75) to Sep. 2023 (20.76). It may suggest that Wealth Glory Holdings delayed paying its suppliers.

Wealth Glory Holdings Days Payable Historical Data

The historical data trend for Wealth Glory 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.

Wealth Glory Holdings Days Payable Chart

Wealth Glory Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

6.20

16.80

17.18

29.95

27.69

Wealth Glory Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															7.75	6.89	55.16	10.56	20.76

Competitive Comparison of Wealth Glory Holdings's Days Payable

For the Conglomerates subindustry, Wealth Glory 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.

Wealth Glory Holdings's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Wealth Glory Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Wealth Glory Holdings's Days Payable falls into.

Wealth Glory 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.

Wealth Glory Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (5.646	+	0.946)	/	2 )	/	43.445	*	365
=	3.296					/	43.445	*	365
=	27.69

Wealth Glory Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.946)	/	1 )	/	4.158	*	365 / 4
=	0.946					/	4.158	*	365 / 4
=	20.76

Wealth Glory Holdings Days Payable Related Terms

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

Wealth Glory Holdings (HKSE:08269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Wealth Glory Holdings Ltd (HKSE:08269) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Queen’s Road Central, Room 1104, Crawford House, Central, Hong Kong, HKG, +852 2548-1838

Website

http://www.wealthglory.com

Wealth Glory Holdings Ltd is engaged in the trading of natural resources and commodities. The company operates through four segments. The Natural resources and commodities segment is involved in the trading of natural resources and commodities, including iron ore concentrates, coal, and crude palm oil. The Money lending segment includes interest income from the money lending business. The Securities investment segment is involved in the investment in securities in Hong Kong. The Trading of Consumer Products segment is involved in the trading of trendy fashion merchandise and other consumer products. Its geographical segments are Hong Kong and China, of which the majority of its revenue comes from China. In the company's Securities Investment segment company is focuses on listed securities.

Wealth Glory Holdings (HKSE:08269) Headlines

No Headlines