Karin Technology Holdings (SGX:K29) Days Payable : 52.48 (As of Dec. 2023)

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What is Karin Technology Holdings Days Payable?

Karin Technology Holdings's average Accounts Payable for the six months ended in Dec. 2023 was S$52.8 Mil. Karin Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was S$183.6 Mil. Hence, Karin Technology Holdings's Days Payable for the six months ended in Dec. 2023 was 52.48.

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

SGX:K29' s Days Payable Range Over the Past 10 Years
Min: 22.11 Med: 43.89 Max: 55.77
Current: 55.77

During the past 13 years, Karin Technology Holdings's highest Days Payable was 55.77. The lowest was 22.11. And the median was 43.89.

SGX:K29's Days Payable is ranked worse than
52.03% of 469 companies
in the Conglomerates industry
Industry Median: 58.29 vs SGX:K29: 55.77

Karin Technology Holdings's Days Payable increased from Dec. 2022 (43.54) to Dec. 2023 (52.48). It may suggest that Karin Technology Holdings delayed paying its suppliers.

Karin Technology Holdings Days Payable Historical Data

The historical data trend for Karin Technology 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.

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Karin Technology Holdings Days Payable Chart

Karin Technology Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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48.27

45.37

52.79

55.56

52.18

Karin Technology Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															53.28	65.34	43.54	56.31	52.48

Competitive Comparison of Karin Technology Holdings's Days Payable

For the Conglomerates subindustry, Karin Technology 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.

Karin Technology Holdings's Days Payable Distribution in the Conglomerates Industry

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

* The bar in red indicates where Karin Technology Holdings's Days Payable falls into.

Karin Technology 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.

Karin Technology Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (48.825	+	42.923)	/	2 )	/	320.879	*	365
=	45.874					/	320.879	*	365
=	52.18

Karin Technology Holdings'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
=	( (42.923	+	62.678)	/	2 )	/	183.606	*	365 / 2
=	52.8005					/	183.606	*	365 / 2
=	52.48

Karin Technology Holdings Days Payable Related Terms

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Karin Technology Holdings (SGX:K29) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Karin Technology Holdings Ltd (SGX:K29) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

183 Wai Yip Street, 9th Floor, The Whitney, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.karingroup.com

Karin Technology Holdings Ltd is an investment holding company. Its operating segment includes Components Distribution; IT Infrastructure and Consumer Electronics Products. It generates maximum revenue from the IT Infrastructure segment which is engaged in the provision of computer data storage management solutions and services. The Components Distribution segment engages in the distribution and trading of electronic components and cables. Its Consumer Electronics Products segment engages in the distribution and retailing of consumer electronics products. Geographically, it derives a majority of revenue from Hong Kong and also has a presence in Mainland China and Other Countries.

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