Daohe Global Group (HKSE:00915) Days Payable : 17.10 (As of Dec. 2023)

View and export this data going back to 2002. Start your Free Trial

What is Daohe Global Group Days Payable?

Daohe Global Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$11.2 Mil. Daohe Global Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$119.9 Mil. Hence, Daohe Global Group's Days Payable for the six months ended in Dec. 2023 was 17.10.

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

HKSE:00915' s Days Payable Range Over the Past 10 Years
Min: 15.94 Med: 25.59 Max: 27
Current: 16.73

During the past 13 years, Daohe Global Group's highest Days Payable was 27.00. The lowest was 15.94. And the median was 25.59.

HKSE:00915's Days Payable is ranked worse than
87.79% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.14 vs HKSE:00915: 16.73

Daohe Global Group's Days Payable declined from Dec. 2022 (21.71) to Dec. 2023 (17.10). It may suggest that Daohe Global Group accelerated paying its suppliers.

Daohe Global Group Days Payable Historical Data

The historical data trend for Daohe Global 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.

* Premium members only.

Daohe Global Group Days Payable Chart

Daohe Global Group Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

20.07

22.73

26.83

27.00

15.94

Daohe Global Group Semi-Annual Data
	Apr14	Oct14	Apr15	Oct15	Apr16	Oct16	Apr17	Oct17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															26.47	29.04	21.71	17.19	17.10

Competitive Comparison of Daohe Global Group's Days Payable

For the Specialty Retail subindustry, Daohe Global 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.

Daohe Global Group's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Daohe Global Group's Days Payable distribution charts can be found below:

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

Daohe Global 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.

Daohe Global 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
=	( (6.89	+	11.73)	/	2 )	/	213.223	*	365
=	9.31					/	213.223	*	365
=	15.94

Daohe Global 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
=	( (10.739	+	11.73)	/	2 )	/	119.911	*	365 / 2
=	11.2345					/	119.911	*	365 / 2
=	17.10

Daohe Global Group Days Payable Related Terms

Thank you for viewing the detailed overview of Daohe Global Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Daohe Global Group (HKSE:00915) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Daohe Global Group Ltd (HKSE:00915) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Sheung Yuet Road, 6th Floor, YHC Tower, Kowloon Bay, Hong Kong, HKG

Website

https://www.daoheglobal.com.hk

Daohe Global Group Ltd is an investment holding company. The company along with its subsidiaries engages in the sale of merchandise, hard goods, provision of procurement and value-added services operating in North America, Europe and other regions. Its business is organized into the segments of Trading and supply chain management services; and the Operation of the online social platform. Its primary business activity involves the design, purchase, and sale of garments, fashion accessories, bathroom products, glassware, toy and luggage. It earns prime revenue from China.

Executives

Zhou Xijian	2201 Interest of corporation controlled by you
Tsang Chun Ho Anthony	2101 Beneficial owner

Daohe Global Group (HKSE:00915) Headlines

No Headlines