Heng Tai Consumables Group (HKSE:00197) Days Payable : 51.72 (As of Dec. 2023)

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What is Heng Tai Consumables Group Days Payable?

Heng Tai Consumables Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$62.9 Mil. Heng Tai Consumables Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$222.1 Mil. Hence, Heng Tai Consumables Group's Days Payable for the six months ended in Dec. 2023 was 51.72.

The historical rank and industry rank for Heng Tai Consumables Group's Days Payable or its related term are showing as below:

HKSE:00197' s Days Payable Range Over the Past 10 Years
Min: 26.63 Med: 41.91 Max: 59.58
Current: 59.2

During the past 13 years, Heng Tai Consumables Group's highest Days Payable was 59.58. The lowest was 26.63. And the median was 41.91.

HKSE:00197's Days Payable is ranked better than
63.93% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.77 vs HKSE:00197: 59.20

Heng Tai Consumables Group's Days Payable declined from Dec. 2022 (56.06) to Dec. 2023 (51.72). It may suggest that Heng Tai Consumables Group accelerated paying its suppliers.

Heng Tai Consumables Group Days Payable Historical Data

The historical data trend for Heng Tai Consumables 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.

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Heng Tai Consumables Group Days Payable Chart

Heng Tai Consumables Group Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

41.51

54.79

51.09

53.46

59.58

Heng Tai Consumables Group 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															50.78	60.78	56.06	67.68	51.72

Competitive Comparison of Heng Tai Consumables Group's Days Payable

For the Farm Products subindustry, Heng Tai Consumables 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.

Heng Tai Consumables Group's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Heng Tai Consumables Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Heng Tai Consumables Group's Days Payable falls into.

Heng Tai Consumables 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.

Heng Tai Consumables Group'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
=	( (69.47	+	64.106)	/	2 )	/	409.124	*	365
=	66.788					/	409.124	*	365
=	59.58

Heng Tai Consumables 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (64.106	+	61.786)	/	2 )	/	222.108	*	365 / 2
=	62.946					/	222.108	*	365 / 2
=	51.72

Heng Tai Consumables Group Days Payable Related Terms

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Heng Tai Consumables Group (HKSE:00197) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Heng Tai Consumables Group Ltd (HKSE:00197) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road West, 31st Floor, Guangdong Finance Building, Sheung Wan, Hong Kong, HKG

Website

http://www.hengtai.com.hk

Heng Tai Consumables Group Ltd is engaged in the business of sale of fast-moving consumer goods (FMCG), agro-products and logistics services. The FMCG trading business segment, which is the key revenue driver, involves the sale and trading of packaged foods, beverages, household consumable products, and cold chain products; the Agri-products business segment cultivates, sells and trades fresh and processed fruits and vegetables. Geographically, it derives a majority of revenue from China.

Heng Tai Consumables Group (HKSE:00197) Headlines

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