Sitoy Group Holdings (HKSE:01023) Days Payable : 53.26 (As of Dec. 2023)

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What is Sitoy Group Holdings Days Payable?

Sitoy Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$154 Mil. Sitoy Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$528 Mil. Hence, Sitoy Group Holdings's Days Payable for the six months ended in Dec. 2023 was 53.26.

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

HKSE:01023' s Days Payable Range Over the Past 10 Years
Min: 25.28 Med: 43.25 Max: 63.6
Current: 51.79

During the past 13 years, Sitoy Group Holdings's highest Days Payable was 63.60. The lowest was 25.28. And the median was 43.25.

HKSE:01023's Days Payable is ranked worse than
54.2% of 1024 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.345 vs HKSE:01023: 51.79

Sitoy Group Holdings's Days Payable declined from Dec. 2022 (55.21) to Dec. 2023 (53.26). It may suggest that Sitoy Group Holdings accelerated paying its suppliers.

Sitoy Group Holdings Days Payable Historical Data

The historical data trend for Sitoy Group Holdings'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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Sitoy Group Holdings Days Payable Chart

Sitoy Group Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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45.78

47.35

63.60

60.58

57.78

Sitoy Group Holdings 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															61.73	67.35	55.21	51.16	53.26

Competitive Comparison of Sitoy Group Holdings's Days Payable

For the Footwear & Accessories subindustry, Sitoy Group Holdings'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.

Sitoy Group Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Sitoy Group Holdings 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.

Sitoy Group Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (225.256	+	161.661)	/	2 )	/	1222.076	*	365
=	193.4585					/	1222.076	*	365
=	57.78

Sitoy Group Holdings'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
=	( (161.661	+	146.481)	/	2 )	/	527.986	*	365 / 2
=	154.071					/	527.986	*	365 / 2
=	53.26

Sitoy Group Holdings Days Payable Related Terms

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Sitoy Group Holdings (HKSE:01023) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Sitoy Group Holdings Ltd (HKSE:01023) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

164 Wai Yip Street, Kwun Tong, 9th Floor, Sitoy Tower, Kowloon, Hong Kong, HKG

Website

https://www.sitoy.com

Sitoy Group Holdings Ltd primarily serves as a contract manufacturer of handbags, small leather goods, and travel goods for high-end and luxury brand customers. Sitoy's contract manufacturing business generates Most of the company's total revenue. Sitoy also has a retail segment, where the company manufactures products that it sells under its own or licensed brand names in company-operated retail stores or online. Sitoy's brands include Tuscans and Fashion and Joy. It also has an exclusive license to sell Kenneth Cole and Bruno Magli products in China and Hong Kong.

Sitoy Group Holdings (HKSE:01023) Headlines

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