Founder Holdings (Founder Holdings) Days Payable : 36.55 (As of Dec. 2023)

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What is Founder Holdings Days Payable?

Founder Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $7.6 Mil. Founder Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $38.2 Mil. Hence, Founder Holdings's Days Payable for the six months ended in Dec. 2023 was 36.55.

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

FHGDF' s Days Payable Range Over the Past 10 Years
Min: 36 Med: 45.82 Max: 63.45
Current: 42.88

During the past 13 years, Founder Holdings's highest Days Payable was 63.45. The lowest was 36.00. And the median was 45.82.

FHGDF's Days Payable is ranked worse than
55.02% of 2519 companies
in the Software industry
Industry Median: 50.96 vs FHGDF: 42.88

Founder Holdings's Days Payable increased from Dec. 2022 (30.20) to Dec. 2023 (36.55). It may suggest that Founder Holdings delayed paying its suppliers.

Founder Holdings Days Payable Historical Data

The historical data trend for Founder 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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Founder Holdings Days Payable Chart

Founder Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.84

48.00

43.29

46.69

43.75

Founder Holdings Semi-Annual Data
	Jun14	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															36.86	58.31	30.20	51.43	36.55

Competitive Comparison of Founder Holdings's Days Payable

For the Software - Application subindustry, Founder 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.

Founder Holdings's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Founder Holdings's Days Payable distribution charts can be found below:

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

Founder 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.

Founder Holdings'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
=	( (7.141	+	8.118)	/	2 )	/	63.658	*	365
=	7.6295					/	63.658	*	365
=	43.75

Founder Holdings'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
=	( (7.176	+	8.118)	/	2 )	/	38.184	*	365 / 2
=	7.647					/	38.184	*	365 / 2
=	36.55

Founder Holdings Days Payable Related Terms

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Founder Holdings (Founder Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Founder Holdings Ltd (OTCPK:FHGDF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00418:Hong Kong FOU1:Germany

Address

9 Hoi Shing Road, Unit 1408, 14th Floor, New Territories, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

https://www.founder.com.hk

Founder Holdings Ltd is engaged in software development and systems integration. It operates in the business division of the provision of software development and system integration and information products distribution. Geographically, the company operates in Hong Kong, Mainland China, and other countries, of which key revenue is generated from Mainland China. The group serves in the fields of printing, media, publishing, big data, and fonts library.

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