Carry Wealth Holdings (HKSE:00643) Days Payable

: 32.92 (As of Jun. 2023)

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Carry Wealth Holdings's average Accounts Payable for the six months ended in Jun. 2023 was HK$35.4 Mil. Carry Wealth Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$196.1 Mil. Hence, Carry Wealth Holdings's Days Payable for the six months ended in Jun. 2023 was 32.92.

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

HKSE:00643' s Days Payable Range Over the Past 10 Years
Min: 29.98 Med: 46.86 Max: 105.95
Current: 29.98

During the past 13 years, Carry Wealth Holdings's highest Days Payable was 105.95. The lowest was 29.98. And the median was 46.86.

HKSE:00643's Days Payable is ranked worse than
75.98% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.46 vs HKSE:00643: 29.98

Carry Wealth Holdings's Days Payable declined from Jun. 2022 (36.92) to Jun. 2023 (32.92). It may suggest that Carry Wealth Holdings accelerated paying its suppliers.

Carry Wealth Holdings Days Payable Historical Data

The historical data trend for Carry Wealth 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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Carry Wealth Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.59

54.96

39.57

30.80

27.57

Carry Wealth 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															40.05	36.92	32.79	32.92	29.74

Competitive Comparison

For the Apparel Manufacturing subindustry, Carry Wealth 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.

Carry Wealth Holdings Days Payable Distribution

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Carry Wealth Holdings's Days Payable distribution charts can be found below:

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

Carry Wealth 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.

Carry Wealth Holdings'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
=	( (40.962	+	29.714)	/	2 )	/	418.801	*	365
=	35.338					/	418.801	*	365
=	30.80

Carry Wealth Holdings'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
=	( (29.714	+	41.012)	/	2 )	/	196.073	*	365 / 2
=	35.363					/	196.073	*	365 / 2
=	32.92

Carry Wealth Holdings Days Payable Related Terms

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Carry Wealth Holdings (HKSE:00643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Carry Wealth Holdings Ltd (HKSE:00643) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

99 Queen’s Road Central, Room 7801-7803, 78th Floor The Center, Central, Hong Kong, HKG

Website

http://www.carrywealth.com

Carry Wealth Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of garment products, and securities investment. The company operates through the segments of Garment manufacturing and trading segment including the manufacturing of garments for apparel brands and the sale of garment products; and the Securities investment segment consisting of investment in various securities listed on the Hong Kong stock exchange. Its product ranges from polo, athletics, cardigan, hoody, tee, jacket, bottom, and dress to layette. In addition, the company also provides embroidery machines and printing facilities to handle fashionable graphic design on its product. It derives a majority of revenue from the U.S.

Carry Wealth Holdings (HKSE:00643) Headlines

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