High Fashion International (HKSE:00608) Days Payable : 42.61 (As of Dec. 2023)

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What is High Fashion International Days Payable?

High Fashion International's average Accounts Payable for the six months ended in Dec. 2023 was HK$313 Mil. High Fashion International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,341 Mil. Hence, High Fashion International's Days Payable for the six months ended in Dec. 2023 was 42.61.

The historical rank and industry rank for High Fashion International's Days Payable or its related term are showing as below:

HKSE:00608' s Days Payable Range Over the Past 10 Years
Min: 42.68 Med: 56.84 Max: 85.76
Current: 42.68

During the past 13 years, High Fashion International's highest Days Payable was 85.76. The lowest was 42.68. And the median was 56.84.

HKSE:00608's Days Payable is ranked worse than
63.34% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs HKSE:00608: 42.68

High Fashion International's Days Payable declined from Dec. 2022 (58.38) to Dec. 2023 (42.61). It may suggest that High Fashion International accelerated paying its suppliers.

High Fashion International Days Payable Historical Data

The historical data trend for High Fashion International'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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High Fashion International Days Payable Chart

High Fashion International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.56

85.76

74.03

54.43

46.68

High Fashion International 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															64.62	70.58	58.38	38.65	42.61

Competitive Comparison of High Fashion International's Days Payable

For the Apparel Manufacturing subindustry, High Fashion International'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.

High Fashion International's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where High Fashion International's Days Payable falls into.

High Fashion International 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.

High Fashion International'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
=	( (291.108	+	377.672)	/	2 )	/	2614.729	*	365
=	334.39					/	2614.729	*	365
=	46.68

High Fashion International'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
=	( (248.511	+	377.672)	/	2 )	/	1340.887	*	365 / 2
=	313.0915					/	1340.887	*	365 / 2
=	42.61

High Fashion International Days Payable Related Terms

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High Fashion International (HKSE:00608) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » High Fashion International Ltd (HKSE:00608) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1-11 Kwai Hei Street, Kwai Chung, 11th Floor, High Fashion Centre, New Territories, Hong Kong, HKG

Website

https://www.highfashion.com.hk

High Fashion International Ltd is an investment holding company. It is engaged in the manufacture and trading of garments, as well as property investment and development.. The company's operating segments include the Manufacturing and trading of garments; and Property investment and development. The company operates in the United States, Greater China, Europe, and Other countries. It generates majority of the revenue from China.

Executives

Lam Foo Wah	2307 Founder of a discretionary trust who can infl
High Fashion Charitable Foundation Limited	2101 Beneficial owner
Leung Shuk Bing	2202 Interest of your spouse
Hinton Company Limited	2101 Beneficial owner

High Fashion International (HKSE:00608) Headlines

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