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GLE (Global Engine Group Holding) Days Payable : 117.68 (As of Jun. 2024)


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What is Global Engine Group Holding Days Payable?

Global Engine Group Holding's average Accounts Payable for the six months ended in Jun. 2024 was $1.91 Mil. Global Engine Group Holding's Cost of Goods Sold for the six months ended in Jun. 2024 was $2.96 Mil. Hence, Global Engine Group Holding's Days Payable for the six months ended in Jun. 2024 was 117.68.

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

GLE' s Days Payable Range Over the Past 10 Years
Min: 10.28   Med: 79.76   Max: 430.85
Current: 102.04

During the past 5 years, Global Engine Group Holding's highest Days Payable was 430.85. The lowest was 10.28. And the median was 79.76.

GLE's Days Payable is ranked better than
69.79% of 2529 companies
in the Software industry
Industry Median: 50.37 vs GLE: 102.04

Global Engine Group Holding's Days Payable declined from Jun. 2023 (162.86) to Jun. 2024 (117.68). It may suggest that Global Engine Group Holding accelerated paying its suppliers.

Global Engine Group Holding Days Payable Historical Data

The historical data trend for Global Engine Group 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.

* Premium members only.

Global Engine Group Holding Days Payable Chart

Global Engine Group Holding Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Days Payable
430.85 138.45 10.28 32.92 79.76

Global Engine Group Holding Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only 78.80 51.74 162.86 107.75 117.68

Competitive Comparison of Global Engine Group Holding's Days Payable

For the Information Technology Services subindustry, Global Engine Group 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.

Global Engine Group Holding's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Global Engine Group Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Global Engine Group Holding's Days Payable falls into.


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Global Engine Group 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.

Global Engine Group Holding's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

Days Payable (A: Jun. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2023 ) + Accounts Payable (A: Jun. 2024 )) / count ) / Cost of Goods Sold (A: Jun. 2024 )*Days in Period
=( (0.713 + 1.644) / 2 ) / 5.393*365
=1.1785 / 5.393*365
=79.76

Global Engine Group Holding's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

Days Payable (Q: Jun. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Jun. 2024 )) / count ) / Cost of Goods Sold (Q: Jun. 2024 )*Days in Period
=( (2.167 + 1.644) / 2 ) / 2.955*365 / 2
=1.9055 / 2.955*365 / 2
=117.68

* 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.

Global Engine Group Holding Days Payable Related Terms

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Global Engine Group Holding Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Engine Group Holding Ltd (NAS:GLE) » Definitions » Days Payable
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Traded in Other Exchanges
N/A
Address
95 How Ming Street, Room C, 19th Floor, World Tech Centre, Kwun Tong, Kowloon, Hong Kong, HKG
Website
https://www.globalengine.com.hk
Global Engine Group Holding Ltd offers integrated solutions by using ICT solutions to drive business outcomes and innovation. Its service offerings comprise services to telecom operators, including the one-stop shop purchase from telecom license application service to turnkey network setup as well as service outsourcing; business planning, development, technical and operations consulting programs structured to target the cloud computing and data center providers; system design, planning, development and operation services to technology companies; cloud platform deployment, IT system design and configuration services, maintenance services, data center colocation service and cloud service.