Hong Kong Ferry (Holdings) Co (HKSE:00050) Days Payable : 333.76 (As of Dec. 2023)

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What is Hong Kong Ferry (Holdings) Co Days Payable?

Hong Kong Ferry (Holdings) Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$234.0 Mil. Hong Kong Ferry (Holdings) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$127.9 Mil. Hence, Hong Kong Ferry (Holdings) Co's Days Payable for the six months ended in Dec. 2023 was 333.76.

The historical rank and industry rank for Hong Kong Ferry (Holdings) Co's Days Payable or its related term are showing as below:

HKSE:00050' s Days Payable Range Over the Past 10 Years
Min: 78.09 Med: 330.1 Max: 355.8
Current: 338.77

During the past 13 years, Hong Kong Ferry (Holdings) Co's highest Days Payable was 355.80. The lowest was 78.09. And the median was 330.10.

HKSE:00050's Days Payable is ranked better than
81.42% of 1572 companies
in the Real Estate industry
Industry Median: 96.765 vs HKSE:00050: 338.77

Hong Kong Ferry (Holdings) Co's Days Payable declined from Dec. 2022 (339.73) to Dec. 2023 (333.76). It may suggest that Hong Kong Ferry (Holdings) Co accelerated paying its suppliers.

Hong Kong Ferry (Holdings) Co Days Payable Historical Data

The historical data trend for Hong Kong Ferry (Holdings) Co'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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Hong Kong Ferry (Holdings) Co Days Payable Chart

Hong Kong Ferry (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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285.64

355.28

350.80

353.08

309.28

Hong Kong Ferry (Holdings) Co 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															329.26	404.93	339.73	377.31	333.76

Competitive Comparison of Hong Kong Ferry (Holdings) Co's Days Payable

For the Real Estate - Diversified subindustry, Hong Kong Ferry (Holdings) Co'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.

Hong Kong Ferry (Holdings) Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Hong Kong Ferry (Holdings) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hong Kong Ferry (Holdings) Co's Days Payable falls into.

Hong Kong Ferry (Holdings) Co 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.

Hong Kong Ferry (Holdings) Co'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
=	( (183.927	+	212.823)	/	2 )	/	234.115	*	365
=	198.375					/	234.115	*	365
=	309.28

Hong Kong Ferry (Holdings) Co'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
=	( (255.121	+	212.823)	/	2 )	/	127.934	*	365 / 2
=	233.972					/	127.934	*	365 / 2
=	333.76

Hong Kong Ferry (Holdings) Co Days Payable Related Terms

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Hong Kong Ferry (Holdings) Co (HKSE:00050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hong Kong Ferry (Holdings) Co Ltd (HKSE:00050) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

98 Tam Kon Shan Road, TYTL 102, Ngau Kok Wan, North Tsing Yi, New Territories, Hong Kong, HKG, TYTL 102

Website

https://www.hkf.com

Hong Kong Ferry (Holdings) Co Ltd is an investment holding company. It operates through four segments comprising Property development including the development and sale of properties; Property investment including rental income from the leasing of properties; Ferry, shipyard and related operations including income from the operation of dangerous goods vehicular ferry service and ship repairs and maintenance services and sales of goods on cruise vessels; and Securities investment segment which includes dividend, interest and other income from debt and equity securities investments. It derives a majority of the revenue from the Property investment segment. All of the group's revenue and profit from operations were derived from activities in Hong Kong.

Hong Kong Ferry (Holdings) Co (HKSE:00050) Headlines

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