Simplicity Holding (HKSE:08367) Days Payable : 6.91 (As of Sep. 2023)

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What is Simplicity Holding Days Payable?

Simplicity Holding's average Accounts Payable for the three months ended in Sep. 2023 was HK$1.22 Mil. Simplicity Holding's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$16.16 Mil. Hence, Simplicity Holding's Days Payable for the three months ended in Sep. 2023 was 6.91.

The historical rank and industry rank for Simplicity Holding's Days Payable or its related term are showing as below:

HKSE:08367' s Days Payable Range Over the Past 10 Years
Min: 6.97 Med: 12.9 Max: 88.86
Current: 6.97

During the past 8 years, Simplicity Holding's highest Days Payable was 88.86. The lowest was 6.97. And the median was 12.90.

HKSE:08367's Days Payable is ranked worse than
99.12% of 340 companies
in the Restaurants industry
Industry Median: 38.325 vs HKSE:08367: 6.97

Simplicity Holding's Days Payable declined from Sep. 2022 (8.77) to Sep. 2023 (6.91). It may suggest that Simplicity Holding accelerated paying its suppliers.

Simplicity Holding Days Payable Historical Data

The historical data trend for Simplicity Holding'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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Simplicity Holding Days Payable Chart

Simplicity Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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9.98

12.52

14.48

10.40

7.30

Simplicity Holding Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															8.77	10.17	4.34	9.40	6.91

Competitive Comparison of Simplicity Holding's Days Payable

For the Restaurants subindustry, Simplicity Holding'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.

Simplicity Holding's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Simplicity Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Simplicity Holding's Days Payable falls into.

Simplicity Holding 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.

Simplicity Holding'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
=	( (1.394	+	1.299)	/	2 )	/	67.34	*	365
=	1.3465					/	67.34	*	365
=	7.30

Simplicity Holding'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	1.224)	/	1 )	/	16.159	*	365 / 4
=	1.224					/	16.159	*	365 / 4
=	6.91

Simplicity Holding Days Payable Related Terms

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Simplicity Holding (HKSE:08367) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Simplicity Holding Ltd (HKSE:08367) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

35/F, Central Plaza, 18 Harbour Road, Wanchai, Hong Kong, HKG

Website

https://www.simplicityholding.com

Simplicity Holding Ltd is a casual dining full-service restaurant operator. It offers Chinese, Western, and Thai Cuisine. Its reportable segments are Chinese cuisine; Thai cuisine; Malaysian cuisine; and Sales of food ingredients and beverages and Aircraft engine stand repairing and maintenance services. The firm derives the majority of its revenue from restaurant operations.

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