Infinity Development Holdings Company (HKSE:00640) Days Payable : 70.19 (As of Sep. 2023)

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What is Infinity Development Holdings Company Days Payable?

Infinity Development Holdings Company's average Accounts Payable for the six months ended in Sep. 2023 was HK$80.8 Mil. Infinity Development Holdings Company's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$210.0 Mil. Hence, Infinity Development Holdings Company's Days Payable for the six months ended in Sep. 2023 was 70.19.

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

HKSE:00640' s Days Payable Range Over the Past 10 Years
Min: 24.97 Med: 43.59 Max: 68.6
Current: 58.07

During the past 13 years, Infinity Development Holdings Company's highest Days Payable was 68.60. The lowest was 24.97. And the median was 43.59.

HKSE:00640's Days Payable is ranked worse than
52.43% of 1501 companies
in the Chemicals industry
Industry Median: 60.45 vs HKSE:00640: 58.07

Infinity Development Holdings Company's Days Payable increased from Sep. 2022 (55.88) to Sep. 2023 (70.19). It may suggest that Infinity Development Holdings Company delayed paying its suppliers.

Infinity Development Holdings Company Days Payable Historical Data

The historical data trend for Infinity Development Holdings Company'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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Infinity Development Holdings Company Days Payable Chart

Infinity Development Holdings Company Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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42.74

43.27

29.37

24.97

37.81

Infinity Development Holdings Company Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															30.15	58.68	55.88	66.54	70.19

Competitive Comparison of Infinity Development Holdings Company's Days Payable

For the Specialty Chemicals subindustry, Infinity Development Holdings Company'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.

Infinity Development Holdings Company's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Infinity Development Holdings Company's Days Payable distribution charts can be found below:

* The bar in red indicates where Infinity Development Holdings Company's Days Payable falls into.

Infinity Development Holdings Company 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.

Infinity Development Holdings Company's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (59.301	+	36.555)	/	2 )	/	462.644	*	365
=	47.928					/	462.644	*	365
=	37.81

Infinity Development Holdings Company's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (124.95	+	36.555)	/	2 )	/	209.953	*	365 / 2
=	80.7525					/	209.953	*	365 / 2
=	70.19

Infinity Development Holdings Company Days Payable Related Terms

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Infinity Development Holdings Company (HKSE:00640) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Infinity Development Holdings Company Ltd (HKSE:00640) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Andar A-D, Macau Finance Centre, Rua de Pequim No. 202A-246, Macau, MAC

Website

http://www.infinitydevelopment.com.hk

Infinity Development Holdings Company Ltd is an investment holding company. The company focuses on manufacturing and selling adhesives, primers, hardeners, vulcanized shoes, and adhesive related products for the footwear industry. Its geographical segments include China, Singapore, India, Regions of Hong Kong, Macau and Taiwan, Vietnam and Cambodia, Indonesia, and Bangladesh, of which the vast majority of its revenue is generated from Vietnam and Cambodia.

Infinity Development Holdings Company (HKSE:00640) Headlines

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