Man King Holdings (HKSE:02193) Days Payable : 71.73 (As of Sep. 2023)

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What is Man King Holdings Days Payable?

Man King Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$68.0 Mil. Man King Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$173.1 Mil. Hence, Man King Holdings's Days Payable for the six months ended in Sep. 2023 was 71.73.

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

HKSE:02193' s Days Payable Range Over the Past 10 Years
Min: 56.26 Med: 73.17 Max: 112.76
Current: 69.96

During the past 10 years, Man King Holdings's highest Days Payable was 112.76. The lowest was 56.26. And the median was 73.17.

HKSE:02193's Days Payable is ranked worse than
53.03% of 1601 companies
in the Construction industry
Industry Median: 74.1 vs HKSE:02193: 69.96

Man King Holdings's Days Payable increased from Sep. 2022 (69.18) to Sep. 2023 (71.73). It may suggest that Man King Holdings delayed paying its suppliers.

Man King Holdings Days Payable Historical Data

The historical data trend for Man King 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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Man King Holdings Days Payable Chart

Man King Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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112.76

65.57

58.09

56.26

64.87

Man King Holdings 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															57.16	55.71	69.18	66.40	71.73

Competitive Comparison of Man King Holdings's Days Payable

For the Engineering & Construction subindustry, Man King 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.

Man King Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Man King Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Man King Holdings's Days Payable falls into.

Man King 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.

Man King Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (70.238	+	65.956)	/	2 )	/	383.16	*	365
=	68.097					/	383.16	*	365
=	64.87

Man King Holdings'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
=	( (65.956	+	70.092)	/	2 )	/	173.066	*	365 / 2
=	68.024					/	173.066	*	365 / 2
=	71.73

Man King Holdings Days Payable Related Terms

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Man King Holdings (HKSE:02193) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Man King Holdings Ltd (HKSE:02193) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Tong Mi Road, Skyline Tower, Unit D, 10th Floor, Mongkok, Kowloon, Hong Kong, HKG

Website

https://www.manking.com.hk

Man King Holdings Ltd is an investment holding company principally engaged in the provision of civil engineering services. It derives prime revenue from civil engineering works. The engineering works undertaken are mainly related to roads and drainage; site formation and port works. The group has a business presence in Hong Kong and Mainland China, of which a majority of revenue is derived from Hong Kong.

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