Top Wealth Group Holding (Top Wealth Group Holding) Days Payable : 8.63 (As of Jun. 2023)

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What is Top Wealth Group Holding Days Payable?

Top Wealth Group Holding's average Accounts Payable for the six months ended in Jun. 2023 was $0.20 Mil. Top Wealth Group Holding's Cost of Goods Sold for the six months ended in Jun. 2023 was $4.19 Mil. Hence, Top Wealth Group Holding's Days Payable for the six months ended in Jun. 2023 was 8.63.

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

TWG' s Days Payable Range Over the Past 10 Years
Min: 10.58 Med: 17.02 Max: 17.02
Current: 10.58

During the past 2 years, Top Wealth Group Holding's highest Days Payable was 17.02. The lowest was 10.58. And the median was 17.02.

TWG's Days Payable is ranked worse than
96.12% of 309 companies
in the Retail - Defensive industry
Industry Median: 43.96 vs TWG: 10.58

Top Wealth Group Holding's Days Payable increased from Jun. 2022 (0.00) to Jun. 2023 (8.63). It may suggest that Top Wealth Group Holding delayed paying its suppliers.

Top Wealth Group Holding Days Payable Historical Data

The historical data trend for Top Wealth Group Holding'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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Top Wealth Group Holding Days Payable Chart

Top Wealth Group Holding Annual Data

Trend

Dec21

Dec22

Days Payable

17.02

Top Wealth Group Holding Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23
Days Payable	-	-	13.88	8.63

Competitive Comparison of Top Wealth Group Holding's Days Payable

For the Food Distribution subindustry, Top Wealth Group Holding'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.

Top Wealth Group Holding's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Top Wealth Group Holding's Days Payable distribution charts can be found below:

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

Top Wealth Group Holding 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.

Top Wealth Group Holding's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0	+	0.201)	/	1 )	/	4.31	*	365
=	0.201					/	4.31	*	365
=	17.02

Top Wealth Group Holding's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.201	+	0.195)	/	2 )	/	4.185	*	365 / 2
=	0.198					/	4.185	*	365 / 2
=	8.63

Top Wealth Group Holding Days Payable Related Terms

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Top Wealth Group Holding (Top Wealth Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Top Wealth Group Holding Ltd (NAS:TWG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

118 Connaught Road West, 7F, Hong Kong Plaza, Units 714 & 715, Hong Kong, HKG

Website

https://www.imperialcristalcaviar.com

Top Wealth Group Holding Ltd is as supplier of caviar and offer caviar-based gourmet products. It is specialized in supplying high quality sturgeons caviar.

Top Wealth Group Holding (Top Wealth Group Holding) Headlines

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