DIT Group (HKSE:00726) Days Payable : 642.51 (As of Dec. 2023)

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What is DIT Group Days Payable?

DIT Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,271.5 Mil. DIT Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$361.2 Mil. Hence, DIT Group's Days Payable for the six months ended in Dec. 2023 was 642.51.

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

HKSE:00726' s Days Payable Range Over the Past 10 Years
Min: 59.54 Med: 205.39 Max: 1523.88
Current: 583.85

During the past 13 years, DIT Group's highest Days Payable was 1523.88. The lowest was 59.54. And the median was 205.39.

HKSE:00726's Days Payable is ranked better than
89.69% of 1572 companies
in the Real Estate industry
Industry Median: 97.275 vs HKSE:00726: 583.85

DIT Group's Days Payable increased from Dec. 2022 (347.49) to Dec. 2023 (642.51). It may suggest that DIT Group delayed paying its suppliers.

DIT Group Days Payable Historical Data

The historical data trend for DIT 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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DIT Group Days Payable Chart

DIT Group Annual Data

Trend

Mar14

Mar15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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173.22

195.46

215.32

371.72

594.62

DIT Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															154.78	366.15	347.49	527.75	642.51

Competitive Comparison of DIT Group's Days Payable

For the Real Estate - Development subindustry, DIT 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.

DIT Group's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, DIT Group's Days Payable distribution charts can be found below:

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

DIT 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.

DIT 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
=	( (1378.955	+	1283.935)	/	2 )	/	817.289	*	365
=	1331.445					/	817.289	*	365
=	594.62

DIT 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
=	( (1259.099	+	1283.935)	/	2 )	/	361.162	*	365 / 2
=	1271.517					/	361.162	*	365 / 2
=	642.51

DIT Group Days Payable Related Terms

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DIT Group (HKSE:00726) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » DIT Group Ltd (HKSE:00726) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Room 7707-7708, 77th Floor, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

https://dit.aconnect.com.hk

DIT Group Ltd operates in the Chinese prefabricated construction industry, with headquarters in Hong Kong. The company operates through one business segment, which engages in the research and development, manufacture, and sale of prefabricated construction products; the granting of licenses; and property investments and equipment sales. The company generates most of its revenue from selling prefabricated items.

DIT Group (HKSE:00726) Headlines

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