ASFH (Asiafin Holdings) Days Payable : 2.19 (As of Dec. 2024)

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What is Asiafin Holdings Days Payable?

Asiafin Holdings's average Accounts Payable for the three months ended in Dec. 2024 was $0.04 Mil. Asiafin Holdings's Cost of Goods Sold for the three months ended in Dec. 2024 was $1.81 Mil. Hence, Asiafin Holdings's Days Payable for the three months ended in Dec. 2024 was 2.19.

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

ASFH' s Days Payable Range Over the Past 10 Years
Min: 2.99 Med: 60.44 Max: 365
Current: 7.27

During the past 5 years, Asiafin Holdings's highest Days Payable was 365.00. The lowest was 2.99. And the median was 60.44.

ASFH's Days Payable is ranked worse than
91.45% of 912 companies
in the Business Services industry
Industry Median: 46.135 vs ASFH: 7.27

Asiafin Holdings's Days Payable increased from Dec. 2023 (1.40) to Dec. 2024 (2.19). It may suggest that Asiafin Holdings delayed paying its suppliers.

Asiafin Holdings Days Payable Historical Data

The historical data trend for Asiafin 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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Asiafin Holdings Days Payable Chart

Asiafin Holdings Annual Data

Trend

Aug20

Aug21

Dec22

Dec23

Dec24

Days Payable

365.00

114.91

2.99

5.97

Asiafin Holdings Quarterly Data
	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Days Payable	Get a 7-Day Free Trial															1.40	68.44	57.38	99.80	2.19

Competitive Comparison of Asiafin Holdings's Days Payable

For the Specialty Business Services subindustry, Asiafin 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.

Asiafin Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Asiafin Holdings's Days Payable distribution charts can be found below:

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

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Asiafin 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.

Asiafin Holdings's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0.025	+	0.039)	/	2 )	/	1.958	*	365
=	0.032					/	1.958	*	365
=	5.97

Asiafin Holdings's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (0.048	+	0.039)	/	2 )	/	1.81	*	365 / 4
=	0.0435					/	1.81	*	365 / 4
=	2.19

Asiafin Holdings Days Payable Related Terms

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Asiafin Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Asiafin Holdings Corp (OTCPK:ASFH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Sultan Ismail, Suite 30.02, 30th Floor, Menara KH (Promet), Kuala Lumpur, SGR, MYS, 50250

Website

https://www.asiafingroup.com

Asiafin Holdings Corp operates through its wholly owned subsidiaries by offering a range of system solutions in Payment Processing, Robotic Process Automation (RPA), and Regulatory Technology (RegTech) to financial institutions, regulatory agencies, professional service providers and private enterprises from various industries, with existing client in the Asia region. The company generates all of its revenue from the Malaysia region.

Executives

Hui Yin Cham	officer: Principal Financial Officer	ZF-7 LE JARDINE CONDO, JALAN PANDAN INDAH 26, KUALA LUMPUR N8 55100
Seatech Ventures Corp.	10 percent owner	11-05&11-06, TOWER A,, AVE 3 VERTICAL BUSINESS SUITE,, BANGSAR SOUTH, KUALA LUMPUR N8 59200
Kai Cheong Wong	director, officer: CEO	NO.31, JALAN SL 3/3, BANDAR SUNGAI LONG, KAJANG N8 43000
Swee Ping Hoo	10 percent owner	20, JALAN SERING 7,, TAMAN SUNGAI SERING, BATU 9,, CHERAS N8 43200
See Unicorn Ventures Sdn Bhd	10 percent owner	11-05, TOWER A, AVE 3,, VERTICAL BUSINESS SUITE, JALAN KERINCHI, BANGSAR SOUTH N8 59200
Kok Wah Seah	director	B-13-3, PAPILLON DESA HILL, JALAN MORIB, TAMAN DESA, KUALA LUMPUR N8 58100