Luen Thai Holdings (HKSE:00311) Days Payable : 38.06 (As of Jun. 2024)

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What is Luen Thai Holdings Days Payable?

Luen Thai Holdings's average Accounts Payable for the six months ended in Jun. 2024 was HK$433 Mil. Luen Thai Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$2,077 Mil. Hence, Luen Thai Holdings's Days Payable for the six months ended in Jun. 2024 was 38.06.

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

HKSE:00311' s Days Payable Range Over the Past 10 Years
Min: 29.05 Med: 41.61 Max: 64.8
Current: 37.6

During the past 13 years, Luen Thai Holdings's highest Days Payable was 64.80. The lowest was 29.05. And the median was 41.61.

HKSE:00311's Days Payable is ranked worse than
65.98% of 1020 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 55.1 vs HKSE:00311: 37.60

Luen Thai Holdings's Days Payable increased from Jun. 2023 (36.56) to Jun. 2024 (38.06). It may suggest that Luen Thai Holdings delayed paying its suppliers.

Luen Thai Holdings Days Payable Historical Data

The historical data trend for Luen Thai 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.

Luen Thai Holdings Days Payable Chart

Luen Thai Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

30.13

39.66

41.58

33.03

29.05

Luen Thai 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															45.18	43.05	36.56	32.86	38.06

Competitive Comparison of Luen Thai Holdings's Days Payable

For the Apparel Manufacturing subindustry, Luen Thai 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.

Luen Thai Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Luen Thai Holdings's Days Payable distribution charts can be found below:

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

Luen Thai 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.

Luen Thai 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
=	( (400.061	+	347.419)	/	2 )	/	4696.525	*	365
=	373.74					/	4696.525	*	365
=	29.05

Luen Thai Holdings'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
=	( (347.419	+	518.748)	/	2 )	/	2076.687	*	365 / 2
=	433.0835					/	2076.687	*	365 / 2
=	38.06

Luen Thai Holdings Days Payable Related Terms

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Luen Thai Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Luen Thai Holdings Ltd (HKSE:00311) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Hung To Road, Rooms 1001-1005, 10th Floor, Nanyang Plaza, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www2.luenthai.com

Luen Thai Holdings Ltd is engaged in the manufacturing and trading of apparel and accessories. The company has a diverse product range that includes Fashion and Sleepwear, Sports Active Wear, Sweaters and Outerwear, Casual Knits and Woven Wear, and Accessories. It derives revenue mainly from sales of apparel and accessories. Its revenue is mainly derived from customers located in the United States of America, the PRC, Europe, Canada, and Japan, while the company's business activities are conducted predominantly in Hong Kong, Macao, the PRC, the Philippines, Cambodia, the United States, and Myanmar.

Executives

Dong Fang Guo Ji Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Guo Sheng Ji Tuan You Xian Gong Si	2101 Beneficial owner
Shang Hai Fang Zhi Ji Tuan You Xian Gong Si	2101 Beneficial owner
Tan Chiu Joise	2202 Interest of your spouse
Tan Henry	2201 Interest of corporation controlled by you
Double Joy Investments Limited	2101 Beneficial owner

Luen Thai Holdings Headlines

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