Forgame Holdings (FRA:FH0) Days Payable : 75.21 (As of Dec. 2023)

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What is Forgame Holdings Days Payable?

Forgame Holdings's average Accounts Payable for the six months ended in Dec. 2023 was €1.81 Mil. Forgame Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €4.40 Mil. Hence, Forgame Holdings's Days Payable for the six months ended in Dec. 2023 was 75.21.

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

FRA:FH0' s Days Payable Range Over the Past 10 Years
Min: 27.43 Med: 67.86 Max: 285.85
Current: 71.05

During the past 12 years, Forgame Holdings's highest Days Payable was 285.85. The lowest was 27.43. And the median was 67.86.

FRA:FH0's Days Payable is ranked better than
52.64% of 2420 companies
in the Hardware industry
Industry Median: 68.235 vs FRA:FH0: 71.05

Forgame Holdings's Days Payable increased from Dec. 2022 (24.58) to Dec. 2023 (75.21). It may suggest that Forgame Holdings delayed paying its suppliers.

Forgame Holdings Days Payable Historical Data

The historical data trend for Forgame 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.

* Premium members only.

Forgame Holdings Days Payable Chart

Forgame Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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280.10

89.00

29.26

35.94

85.59

Forgame Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															58.28	24.58	152.08	75.21	63.58

Competitive Comparison of Forgame Holdings's Days Payable

For the Electronics & Computer Distribution subindustry, Forgame 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.

Forgame Holdings's Days Payable Distribution in the Hardware Industry

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

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

Forgame 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.

Forgame 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
=	( (1.543	+	1.537)	/	2 )	/	6.567	*	365
=	1.54					/	6.567	*	365
=	85.59

Forgame 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
=	( (2.087	+	1.537)	/	2 )	/	4.397	*	365 / 2
=	1.812					/	4.397	*	365 / 2
=	75.21

Forgame Holdings Days Payable Related Terms

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Forgame Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Forgame Holdings Ltd (FRA:FH0) » Definitions » Days Payable

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00484:Hong Kong

Address

Room 1106, Block A Phase I, Tianan Digital City, Innovation Technology Plaza, Futian District, Chegongmiao, Shenzhen, CHN

Website

http://www.forgame.com

Forgame Holdings Ltd y is an investment holding company. It is engaged in developing and publishing domestic and overseas webgames and mobile games, and trading of electronic device and semiconductor in the People's Republic of China. Its segments include Game business, and Electronic device and semiconductor business. Majority of the revenue is derived from Game business. The Group also conducts operations in Hong Kong and other regions, majority of the revenue is generated from PRC region (excluding Hong Kong).

Forgame Holdings Headlines

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