Lee & Man Chemical Co (HKSE:00746) Days Payable : 48.72 (As of Dec. 2023)

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What is Lee & Man Chemical Co Days Payable?

Lee & Man Chemical Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$383 Mil. Lee & Man Chemical Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,433 Mil. Hence, Lee & Man Chemical Co's Days Payable for the six months ended in Dec. 2023 was 48.72.

The historical rank and industry rank for Lee & Man Chemical Co's Days Payable or its related term are showing as below:

HKSE:00746' s Days Payable Range Over the Past 10 Years
Min: 25.55 Med: 52.73 Max: 94.02
Current: 51.21

During the past 13 years, Lee & Man Chemical Co's highest Days Payable was 94.02. The lowest was 25.55. And the median was 52.73.

HKSE:00746's Days Payable is ranked worse than
61.04% of 1504 companies
in the Chemicals industry
Industry Median: 60.565 vs HKSE:00746: 51.21

Lee & Man Chemical Co's Days Payable increased from Dec. 2022 (32.65) to Dec. 2023 (48.72). It may suggest that Lee & Man Chemical Co delayed paying its suppliers.

Lee & Man Chemical Co Days Payable Historical Data

The historical data trend for Lee & Man Chemical Co'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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Lee & Man Chemical Co Days Payable Chart

Lee & Man Chemical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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83.88

94.02

72.34

53.91

53.49

Lee & Man Chemical Co 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															67.66	40.98	32.65	51.30	48.72

Competitive Comparison of Lee & Man Chemical Co's Days Payable

For the Chemicals subindustry, Lee & Man Chemical Co'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.

Lee & Man Chemical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Lee & Man Chemical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lee & Man Chemical Co's Days Payable falls into.

Lee & Man Chemical Co 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.

Lee & Man Chemical Co'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
=	( (492.521	+	383.345)	/	2 )	/	2988.41	*	365
=	437.933					/	2988.41	*	365
=	53.49

Lee & Man Chemical Co'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
=	( (381.85	+	383.345)	/	2 )	/	1433.258	*	365 / 2
=	382.5975					/	1433.258	*	365 / 2
=	48.72

Lee & Man Chemical Co Days Payable Related Terms

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Lee & Man Chemical Co (HKSE:00746) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Lee & Man Chemical Co Ltd (HKSE:00746) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

61-63 King Yip Street, 8th Floor, Liven House, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.leemanchemical.com

Lee & Man Chemical Co Ltd is an investment holding company. The company is engaged in the manufacture and sale of chemical products. Its products include Caustic soda, Chloromethane products, Polymers, Hydrogen peroxide, Fluorochemical products, and Styrene acrylic latex surface sizing agent. Its segment includes Chemical and Property. The company's segment includes Chemical segment.

Lee & Man Chemical Co (HKSE:00746) Headlines

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