China National Culture Group (HKSE:00745) Days Payable : 51.19 (As of Sep. 2023)

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What is China National Culture Group Days Payable?

China National Culture Group's average Accounts Payable for the six months ended in Sep. 2023 was HK$5.96 Mil. China National Culture Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$21.25 Mil. Hence, China National Culture Group's Days Payable for the six months ended in Sep. 2023 was 51.19.

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

HKSE:00745' s Days Payable Range Over the Past 10 Years
Min: 10.16 Med: 109.81 Max: 327.74
Current: 327.74

During the past 13 years, China National Culture Group's highest Days Payable was 327.74. The lowest was 10.16. And the median was 109.81.

HKSE:00745's Days Payable is ranked better than
85.79% of 922 companies
in the Media - Diversified industry
Industry Median: 81.555 vs HKSE:00745: 327.74

China National Culture Group's Days Payable declined from Sep. 2022 (88.18) to Sep. 2023 (51.19). It may suggest that China National Culture Group accelerated paying its suppliers.

China National Culture Group Days Payable Historical Data

The historical data trend for China National Culture 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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China National Culture Group Days Payable Chart

China National Culture Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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92.96

134.45

112.09

116.76

173.53

China National Culture Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															61.26	177.80	88.18	-	51.19

Competitive Comparison of China National Culture Group's Days Payable

For the Advertising Agencies subindustry, China National Culture 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.

China National Culture Group's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China National Culture Group's Days Payable distribution charts can be found below:

* The bar in red indicates where China National Culture Group's Days Payable falls into.

China National Culture 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.

China National Culture Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (17.596	+	5.67)	/	2 )	/	24.469	*	365
=	11.633					/	24.469	*	365
=	173.53

China National Culture Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.67	+	6.25)	/	2 )	/	21.25	*	365 / 2
=	5.96					/	21.25	*	365 / 2
=	51.19

China National Culture Group Days Payable Related Terms

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China National Culture Group (HKSE:00745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China National Culture Group Ltd (HKSE:00745) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

95 Queensway, Unit A, 29th FLoor, United Centre, Admiralty, Hong Kong, HKG

Website

http://www.cncg-media.com

China National Culture Group Ltd is a Hong Kong-based investment holding company engaged in advertising media services, e-commerce, film production, and distribution business. The company mainly operates through three segments. The Advertising segment is engaged in the provision of value-added services through mobile devices. The Movie segment is engaged in the production and distribution of films and the provision of other film-related services. The E-commerce segment is engaged in the sales of products on the Internet. The Advertising segment contributes to the majority of the business. Geographically, the company operates in Hong Kong, and China, of which key revenue is generated from China.

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