CLP Holdings (HKSE:00002) Days Payable : 42.05 (As of Dec. 2023)

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What is CLP Holdings Days Payable?

CLP Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$6,287 Mil. CLP Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$27,285 Mil. Hence, CLP Holdings's Days Payable for the six months ended in Dec. 2023 was 42.05.

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

HKSE:00002' s Days Payable Range Over the Past 10 Years
Min: 28.18 Med: 40.91 Max: 54.93
Current: 39.6

During the past 13 years, CLP Holdings's highest Days Payable was 54.93. The lowest was 28.18. And the median was 40.91.

HKSE:00002's Days Payable is ranked worse than
75.96% of 495 companies
in the Utilities - Regulated industry
Industry Median: 67.1 vs HKSE:00002: 39.60

CLP Holdings's Days Payable declined from Dec. 2022 (42.44) to Dec. 2023 (42.05). It may suggest that CLP Holdings accelerated paying its suppliers.

CLP Holdings Days Payable Historical Data

The historical data trend for CLP 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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CLP Holdings Days Payable Chart

CLP Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.67

42.22

38.82

28.18

40.57

CLP 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															37.74	30.88	42.44	36.55	42.05

Competitive Comparison of CLP Holdings's Days Payable

For the Utilities - Regulated Electric subindustry, CLP 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.

CLP Holdings's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CLP Holdings's Days Payable distribution charts can be found below:

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

CLP 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.

CLP Holdings'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
=	( (6511	+	6526)	/	2 )	/	58642	*	365
=	6518.5					/	58642	*	365
=	40.57

CLP 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
=	( (6048	+	6526)	/	2 )	/	27285	*	365 / 2
=	6287					/	27285	*	365 / 2
=	42.05

CLP Holdings Days Payable Related Terms

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CLP Holdings (HKSE:00002) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » CLP Holdings Ltd (HKSE:00002) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLPHY:USA CLPHF:USA CLP:Germany

Address

8 Laguna Verde Avenue, Hung Hom, Kowloon, Hong Kong, HKG

Website

https://www.clpgroup.com

CLP Holdings is the larger of the two electric utility companies in Hong Kong, serving 80% of the city population. It generates, transmits and distributes electricity to about 2.6 million customers in Kowloon and the New Territories through its wholly owned network. The business is regulated by the Hong Kong government with a permitted return on net fixed asset of 8.00%. Besides Hong Kong, the company has expanded its reach overseas, with generation and retail assets in Australia and generation assets in China, India, Taiwan, and Southeast Asia. Its Hong Kong activities made up more than 80% of recurring net profit in 2021.

CLP Holdings (HKSE:00002) Headlines

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