Herald Holdings (HKSE:00114) Days Payable : 9.52 (As of Sep. 2023)

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What is Herald Holdings Days Payable?

Herald Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$15.8 Mil. Herald Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$303.5 Mil. Hence, Herald Holdings's Days Payable for the six months ended in Sep. 2023 was 9.52.

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

HKSE:00114' s Days Payable Range Over the Past 10 Years
Min: 9.68 Med: 14.69 Max: 20.78
Current: 12.47

During the past 13 years, Herald Holdings's highest Days Payable was 20.78. The lowest was 9.68. And the median was 14.69.

HKSE:00114's Days Payable is ranked worse than
91.92% of 755 companies
in the Travel & Leisure industry
Industry Median: 57.74 vs HKSE:00114: 12.47

Herald Holdings's Days Payable declined from Sep. 2022 (10.27) to Sep. 2023 (9.52). It may suggest that Herald Holdings accelerated paying its suppliers.

Herald Holdings Days Payable Historical Data

The historical data trend for Herald 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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Herald Holdings Days Payable Chart

Herald Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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14.80

12.38

11.18

10.19

9.68

Herald Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															11.06	12.24	10.27	13.17	9.52

Competitive Comparison of Herald Holdings's Days Payable

For the Leisure subindustry, Herald 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.

Herald Holdings's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Herald Holdings's Days Payable distribution charts can be found below:

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

Herald 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.

Herald Holdings'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
=	( (36.4	+	14.683)	/	2 )	/	963.211	*	365
=	25.5415					/	963.211	*	365
=	9.68

Herald Holdings'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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (14.683	+	16.972)	/	2 )	/	303.459	*	365 / 2
=	15.8275					/	303.459	*	365 / 2
=	9.52

Herald Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Herald Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Herald Holdings (HKSE:00114) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Herald Holdings Ltd (HKSE:00114) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

89 Queensway, Lippo Centre, Room 3110, 31 Floor, Tower Two, Hong Kong, HKG

Website

http://www.heraldgroup.com.hk

Herald Holdings Ltd is an investment holding company. It operates in the segments of Toys, Computer Products, Timepieces, Investments, and Others. The group derives majority revenue from the Toys segment which involves the manufacturing of wide range of toys including action figures, electronic radio-controlled toy cars and boats, electronic games, and pre-school toys. The company along with its subsidiaries is also engaged in the manufacture, sale, and distribution of computer products, housewares, clocks, watches, and electronic and gift products. The company has the majority of its customers based in Hong Kong, North America, the United Kingdom, Europe, Asia, Mainland China, and Others. It generates the highest revenue from the North America region.

Executives

Dorfman Robert	2101 Beneficial owner
Dorfman Tillman Sheri	2202 Interest of your spouse
Dingler Trina Elaine	2202 Interest of your spouse
Cheung Tsang Kay Stan	2307 Founder of a discretionary trust who can infl
Ng Yiu Chi Eleanor	2202 Interest of your spouse
Hsbc International Trustee Limited	2301 Trustee
Moral Excel Holdings Limited	2201 Interest of corporation controlled by you

Herald Holdings (HKSE:00114) Headlines

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