Chinaftower International Holding Group (HKSE:08623) Days Payable : 110.58 (As of Dec. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Chinaftower International Holding Group Days Payable?

Chinaftower International Holding Group's average Accounts Payable for the three months ended in Dec. 2023 was HK$104.6 Mil. Chinaftower International Holding Group's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$86.3 Mil. Hence, Chinaftower International Holding Group's Days Payable for the three months ended in Dec. 2023 was 110.58.

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

HKSE:08623' s Days Payable Range Over the Past 10 Years
Min: 29.68 Med: 40.82 Max: 112.54
Current: 100.1

During the past 7 years, Chinaftower International Holding Group's highest Days Payable was 112.54. The lowest was 29.68. And the median was 40.82.

HKSE:08623's Days Payable is ranked better than
62.84% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs HKSE:08623: 100.10

Chinaftower International Holding Group's Days Payable increased from Dec. 2022 (16.95) to Dec. 2023 (110.58). It may suggest that Chinaftower International Holding Group delayed paying its suppliers.

Chinaftower International Holding Group Days Payable Historical Data

The historical data trend for Chinaftower International Holding 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.

* Premium members only.

Chinaftower International Holding Group Days Payable Chart

Chinaftower International Holding Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

36.23

45.60

40.82

29.68

112.54

Chinaftower International Holding Group Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															16.95	64.19	85.55	141.47	110.58

Competitive Comparison of Chinaftower International Holding Group's Days Payable

For the Electrical Equipment & Parts subindustry, Chinaftower International Holding 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.

Chinaftower International Holding Group's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chinaftower International Holding Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Chinaftower International Holding Group's Days Payable falls into.

Chinaftower International Holding 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.

Chinaftower International Holding 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
=	( (60.191	+	104.604)	/	2 )	/	267.229	*	365
=	82.3975					/	267.229	*	365
=	112.54

Chinaftower International Holding 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	104.604)	/	1 )	/	86.322	*	365 / 4
=	104.604					/	86.322	*	365 / 4
=	110.58

Chinaftower International Holding Group Days Payable Related Terms

Thank you for viewing the detailed overview of Chinaftower International Holding Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Chinaftower International Holding Group (HKSE:08623) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » China Saftower International Holding Group Ltd (HKSE:08623) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 9, Huaide Road, Sichuan-Zhejiang Cooperation Industrial Park, Guangyuan Economic and Technological Development Z, Sichuan Province, Guangyuan, CHN

Website

http://www.saftower.com

China Saftower International Holding Group Ltd is a manufacturer and supplier of wires and cables and the sale of aluminum products in the People's Republic of China. The company's products include power cables, insulated overhead cables, aerial stranded wire, control cables, and aluminum alloy power cables. The Group's revenue was all derived from customers based in the PRC.

Executives

Dang Fei	2201 Interest of corporation controlled by you
Dang Jun	2103 Interests held jointly with another person
Li Li	2202 Interest of your spouse
Red Fly Investment Limited	2101 Beneficial owner
Fu Chuanrong	2101 Beneficial owner
Gao Hong	2202 Interest of your spouse
Wang Xiaozhong	2201 Interest of corporation controlled by you
Xseven Investment Limited	2101 Beneficial owner

Chinaftower International Holding Group (HKSE:08623) Headlines

No Headlines