Morimatsu International Holdings Co (HKSE:02155) Days Payable : 90.27 (As of Dec. 2023)

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What is Morimatsu International Holdings Co Days Payable?

Morimatsu International Holdings Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,418 Mil. Morimatsu International Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,868 Mil. Hence, Morimatsu International Holdings Co's Days Payable for the six months ended in Dec. 2023 was 90.27.

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

HKSE:02155' s Days Payable Range Over the Past 10 Years
Min: 69.65 Med: 88.17 Max: 97.27
Current: 88.88

During the past 7 years, Morimatsu International Holdings Co's highest Days Payable was 97.27. The lowest was 69.65. And the median was 88.17.

HKSE:02155's Days Payable is ranked better than
57.95% of 2930 companies
in the Industrial Products industry
Industry Median: 76.065 vs HKSE:02155: 88.88

Morimatsu International Holdings Co's Days Payable increased from Dec. 2022 (80.46) to Dec. 2023 (90.27). It may suggest that Morimatsu International Holdings Co delayed paying its suppliers.

Morimatsu International Holdings Co Days Payable Historical Data

The historical data trend for Morimatsu International 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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Morimatsu International Holdings Co Days Payable Chart

Morimatsu International Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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97.27

80.44

69.65

81.42

88.17

Morimatsu International Holdings Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						80.69	71.98	80.46	88.22	90.27

Competitive Comparison of Morimatsu International Holdings Co's Days Payable

For the Specialty Industrial Machinery subindustry, Morimatsu International 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.

Morimatsu International Holdings Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Morimatsu International Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Morimatsu International Holdings Co's Days Payable falls into.

Morimatsu International 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.

Morimatsu International 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
=	( (1401.612	+	1401.631)	/	2 )	/	5802.013	*	365
=	1401.6215					/	5802.013	*	365
=	88.17

Morimatsu International 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
=	( (1435.196	+	1401.631)	/	2 )	/	2867.769	*	365 / 2
=	1418.4135					/	2867.769	*	365 / 2
=	90.27

Morimatsu International Holdings Co Days Payable Related Terms

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Morimatsu International Holdings Co (HKSE:02155) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Morimatsu International Holdings Co Ltd (HKSE:02155) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1S5:Germany

Address

No. 29 Jinwen Road, Pudong New District, Zhuqiao Town, Shanghai, CHN, 201323

Website

http://www.morimatsu-online.com

Morimatsu International Holdings Co Ltd is a pressure equipment manufacturer and comprehensive pressure equipment solution provider in China. It offers traditional pressure equipment, modular pressure equipment, and pressure equipment-related value-added services. Geographically, the group has a presence in China, North America, Asia, Europe, Africa, and others, from which the majority of revenue derives from China.

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