Lap Kei Engineering (Holdings) (HKSE:01690) Days Payable : 61.38 (As of Jun. 2023)

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What is Lap Kei Engineering (Holdings) Days Payable?

Lap Kei Engineering (Holdings)'s average Accounts Payable for the six months ended in Jun. 2023 was HK$50.9 Mil. Lap Kei Engineering (Holdings)'s Cost of Goods Sold for the six months ended in Jun. 2023 was HK$151.2 Mil. Hence, Lap Kei Engineering (Holdings)'s Days Payable for the six months ended in Jun. 2023 was 61.38.

The historical rank and industry rank for Lap Kei Engineering (Holdings)'s Days Payable or its related term are showing as below:

HKSE:01690' s Days Payable Range Over the Past 10 Years
Min: 55.71 Med: 74.99 Max: 177.92
Current: 63.7

During the past 10 years, Lap Kei Engineering (Holdings)'s highest Days Payable was 177.92. The lowest was 55.71. And the median was 74.99.

HKSE:01690's Days Payable is ranked worse than
58.03% of 1601 companies
in the Construction industry
Industry Median: 74.1 vs HKSE:01690: 63.70

Lap Kei Engineering (Holdings)'s Days Payable declined from Jun. 2022 (75.13) to Jun. 2023 (61.38). It may suggest that Lap Kei Engineering (Holdings) accelerated paying its suppliers.

Lap Kei Engineering (Holdings) Days Payable Historical Data

The historical data trend for Lap Kei Engineering (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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Lap Kei Engineering (Holdings) Days Payable Chart

Lap Kei Engineering (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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104.79

117.50

68.60

55.71

69.16

Lap Kei Engineering (Holdings) Semi-Annual Data
	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														60.27	75.13	45.50	61.38	60.54

Competitive Comparison of Lap Kei Engineering (Holdings)'s Days Payable

For the Engineering & Construction subindustry, Lap Kei Engineering (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.

Lap Kei Engineering (Holdings)'s Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Lap Kei Engineering (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Lap Kei Engineering (Holdings)'s Days Payable falls into.

Lap Kei Engineering (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.

Lap Kei Engineering (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
=	( (55.835	+	58.833)	/	2 )	/	375.621	*	365
=	57.334					/	375.621	*	365
=	55.71

Lap Kei Engineering (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
=	( (58.833	+	42.91)	/	2 )	/	151.245	*	365 / 2
=	50.8715					/	151.245	*	365 / 2
=	61.38

Lap Kei Engineering (Holdings) Days Payable Related Terms

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Lap Kei Engineering (Holdings) (HKSE:01690) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Lap Kei Engineering (Holdings) Ltd (HKSE:01690) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

19 Lam Hing Street, Room 6, 6th Floor, Block B, Tonic Industrial Centre, Kowloon Bay, Hong Kong, HKG

Website

http://www.lapkeieng.com

Lap Kei Engineering (Holdings) Ltd provides engineering services for building services systems. The company is organized into the principal operating divisions of the building services engineering work division and maintenance, repair; and maintenance, repair, and other services division. The building services engineering work division, which is the key revenue-generating segment, comprises the provision of building services engineering work including mechanical ventilation and air-conditioning system, electrical system, plumbing and drainage system, fire system, and other related works. Maintenance, repair, and other services involve the provision of maintenance and repair services for building services systems and the replacement of parts. It derives prime revenue from Hong Kong.

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