CCT Fortis Holdings (HKSE:00138) Days Payable : 33.74 (As of Dec. 2023)

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What is CCT Fortis Holdings Days Payable?

CCT Fortis Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$44.0 Mil. CCT Fortis Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$238.0 Mil. Hence, CCT Fortis Holdings's Days Payable for the six months ended in Dec. 2023 was 33.74.

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

HKSE:00138' s Days Payable Range Over the Past 10 Years
Min: 26.33 Med: 29.91 Max: 297.26
Current: 31.6

During the past 13 years, CCT Fortis Holdings's highest Days Payable was 297.26. The lowest was 26.33. And the median was 29.91.

HKSE:00138's Days Payable is ranked worse than
79.74% of 469 companies
in the Conglomerates industry
Industry Median: 59.22 vs HKSE:00138: 31.60

CCT Fortis Holdings's Days Payable increased from Dec. 2022 (27.86) to Dec. 2023 (33.74). It may suggest that CCT Fortis Holdings delayed paying its suppliers.

CCT Fortis Holdings Days Payable Historical Data

The historical data trend for CCT Fortis 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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CCT Fortis Holdings Days Payable Chart

CCT Fortis Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.89

48.96

31.11

28.83

32.62

CCT Fortis 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															27.25	26.63	27.86	29.30	33.74

Competitive Comparison of CCT Fortis Holdings's Days Payable

For the Conglomerates subindustry, CCT Fortis 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.

CCT Fortis Holdings's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, CCT Fortis Holdings's Days Payable distribution charts can be found below:

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

CCT Fortis 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.

CCT Fortis 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
=	( (66	+	40)	/	2 )	/	593	*	365
=	53					/	593	*	365
=	32.62

CCT Fortis 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
=	( (48	+	40)	/	2 )	/	238	*	365 / 2
=	44					/	238	*	365 / 2
=	33.74

CCT Fortis Holdings Days Payable Related Terms

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CCT Fortis Holdings (HKSE:00138) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » CCT Fortis Holdings Ltd (HKSE:00138) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Wo Shing Street, 18th Floor, CCT Telecom Building, Fotan, New Territories, Shatin, HKG

Website

https://www.cct-fortis.com

CCT Fortis Holdings Ltd is engaged in various activities including development, trading, investment, holding of properties; trading in securities and holding of securities and treasury products; trading and sale of classic cars and car logistics; trading and sale of Ferrari vehicles and provision of after-sales services for Ferrari automotive; acquisition of classic cars for long-term investment purpose; production, investment and distribution of films world wide; sale and leasing of audio and lighting equipment and provision of technical and engineering services and metal construction work for stage performance events; running of car service center, artist management, magazine publication, and investment in collectible precision devices.

Executives

Capital Winner Investments Limited	2101 Beneficial owner
New Capital Industrial Limited	2101 Beneficial owner
Capital Force International Limited	2101 Beneficial owner
Treasure Goal International Limited	2101 Beneficial owner
Mak Shiu Tong	2201 Interest of corporation controlled by you
Mak Chun Kiu	2201 Interest of corporation controlled by you

CCT Fortis Holdings (HKSE:00138) Headlines

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