Chinney Alliance Group (HKSE:00385) Days Payable : 50.24 (As of Dec. 2023)

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What is Chinney Alliance Group Days Payable?

Chinney Alliance Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$834 Mil. Chinney Alliance Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,031 Mil. Hence, Chinney Alliance Group's Days Payable for the six months ended in Dec. 2023 was 50.24.

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

HKSE:00385' s Days Payable Range Over the Past 10 Years
Min: 39.91 Med: 50.99 Max: 63.66
Current: 55.83

During the past 13 years, Chinney Alliance Group's highest Days Payable was 63.66. The lowest was 39.91. And the median was 50.99.

HKSE:00385's Days Payable is ranked worse than
65.5% of 1603 companies
in the Construction industry
Industry Median: 75.22 vs HKSE:00385: 55.83

Chinney Alliance Group's Days Payable increased from Dec. 2022 (49.20) to Dec. 2023 (50.24). It may suggest that Chinney Alliance Group delayed paying its suppliers.

Chinney Alliance Group Days Payable Historical Data

The historical data trend for Chinney Alliance Group'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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Chinney Alliance Group Days Payable Chart

Chinney Alliance Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.34

59.84

53.62

63.66

59.25

Chinney Alliance Group 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															48.00	64.83	49.20	59.26	50.24

Competitive Comparison of Chinney Alliance Group's Days Payable

For the Engineering & Construction subindustry, Chinney Alliance Group'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.

Chinney Alliance Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chinney Alliance Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Chinney Alliance Group's Days Payable falls into.

Chinney Alliance Group 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.

Chinney Alliance Group'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
=	( (773.023	+	954.56)	/	2 )	/	5321.381	*	365
=	863.7915					/	5321.381	*	365
=	59.25

Chinney Alliance Group'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
=	( (714.412	+	954.56)	/	2 )	/	3031.138	*	365 / 2
=	834.486					/	3031.138	*	365 / 2
=	50.24

Chinney Alliance Group Days Payable Related Terms

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Chinney Alliance Group (HKSE:00385) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chinney Alliance Group Ltd (HKSE:00385) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, 23rd Floor, Wing On Centre, Hong Kong, HKG

Website

https://chinneyalliancegroup.etnet.com.hk

Chinney Alliance Group Ltd is an investment holding company. The company's operating segment includes Plastic and chemical products; Building related contracting services; Building construction; Foundation piling and ground investigation; the aviation segment and others. It generates maximum revenue from the Building related contracting services segment. The Building related contracting services segment consists of the provision of contracting services for both public and private sectors, including engineering contracting services in the air-conditioning industry and the provision of maintenance services. Geographically, it derives a majority of revenue from Hong Kong.

Executives

Wong Sai Wing, James

2201 Interest of corporation controlled by you

Chinney Alliance Group (HKSE:00385) Headlines

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