Glorious Sun Enterprises (HKSE:00393) Days Payable : 71.07 (As of Dec. 2023)

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What is Glorious Sun Enterprises Days Payable?

Glorious Sun Enterprises's average Accounts Payable for the six months ended in Dec. 2023 was HK$118.3 Mil. Glorious Sun Enterprises's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$303.9 Mil. Hence, Glorious Sun Enterprises's Days Payable for the six months ended in Dec. 2023 was 71.07.

The historical rank and industry rank for Glorious Sun Enterprises's Days Payable or its related term are showing as below:

HKSE:00393' s Days Payable Range Over the Past 10 Years
Min: 52.41 Med: 77.01 Max: 194.78
Current: 68.97

During the past 13 years, Glorious Sun Enterprises's highest Days Payable was 194.78. The lowest was 52.41. And the median was 77.01.

HKSE:00393's Days Payable is ranked better than
63.29% of 929 companies
in the Business Services industry
Industry Median: 46.74 vs HKSE:00393: 68.97

Glorious Sun Enterprises's Days Payable increased from Dec. 2022 (67.68) to Dec. 2023 (71.07). It may suggest that Glorious Sun Enterprises delayed paying its suppliers.

Glorious Sun Enterprises Days Payable Historical Data

The historical data trend for Glorious Sun Enterprises'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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Glorious Sun Enterprises Days Payable Chart

Glorious Sun Enterprises Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.41

77.44

70.21

74.50

76.58

Glorious Sun Enterprises 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															63.29	75.25	67.68	60.14	71.07

Competitive Comparison of Glorious Sun Enterprises's Days Payable

For the Consulting Services subindustry, Glorious Sun Enterprises'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.

Glorious Sun Enterprises's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Glorious Sun Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where Glorious Sun Enterprises's Days Payable falls into.

Glorious Sun Enterprises 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.

Glorious Sun Enterprises'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
=	( (137.948	+	139.359)	/	2 )	/	660.878	*	365
=	138.6535					/	660.878	*	365
=	76.58

Glorious Sun Enterprises'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
=	( (97.322	+	139.359)	/	2 )	/	303.902	*	365 / 2
=	118.3405					/	303.902	*	365 / 2
=	71.07

Glorious Sun Enterprises Days Payable Related Terms

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Glorious Sun Enterprises (HKSE:00393) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Glorious Sun Enterprises Ltd (HKSE:00393) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GLV:Germany GLV:Germany

Address

1 Wang Yuen Street, 38th Floor, One Kowloon, Kowloon Bay, HKG

Website

https://www.glorisun.com

Glorious Sun Enterprises Ltd is an investment holding company engaged in financial investments, interior decoration and renovation, and export and retailing of casual wear. It is engaged in the business segments of Financial investments; Interior decoration and renovation; Export operations; Retail, franchise, and others. The interior decoration and renovation segment, which is the key revenue-generating segment, engages in the interior decoration and renovation, and the sale of the furniture business. The group derives revenue from Mainland China, Hong Kong, Australia and New Zealand, the U.S., Canada, and other countries.

Executives

Glorious Sun Holdings (bvi) Limited
Cheung Wai Yee
Yeung Chun Fan
Yeung Chun Kam

Glorious Sun Enterprises (HKSE:00393) Headlines

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