Da Ming International Holdings (HKSE:01090) Days Payable : 7.67 (As of Dec. 2024)

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What is Da Ming International Holdings Days Payable?

Da Ming International Holdings's average Accounts Payable for the six months ended in Dec. 2024 was HK$1,054 Mil. Da Ming International Holdings's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$25,070 Mil. Hence, Da Ming International Holdings's Days Payable for the six months ended in Dec. 2024 was 7.67.

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

HKSE:01090' s Days Payable Range Over the Past 10 Years
Min: 3.61 Med: 12.39 Max: 37.39
Current: 7.15

During the past 13 years, Da Ming International Holdings's highest Days Payable was 37.39. The lowest was 3.61. And the median was 12.39.

HKSE:01090's Days Payable is ranked worse than
93.68% of 601 companies
in the Steel industry
Industry Median: 39.45 vs HKSE:01090: 7.15

Da Ming International Holdings's Days Payable increased from Dec. 2023 (4.70) to Dec. 2024 (7.67). It may suggest that Da Ming International Holdings delayed paying its suppliers.

Da Ming International Holdings Days Payable Historical Data

The historical data trend for Da Ming International 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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Da Ming International Holdings Days Payable Chart

Da Ming International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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7.99

4.14

3.61

4.37

7.21

Da Ming International Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															5.15	4.14	4.70	6.57	7.67

Competitive Comparison of Da Ming International Holdings's Days Payable

For the Steel subindustry, Da Ming International 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.

Da Ming International Holdings's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Da Ming International Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Da Ming International Holdings's Days Payable falls into.

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Da Ming International 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.

Da Ming International Holdings's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (774.351	+	1155.282)	/	2 )	/	48864.812	*	365
=	964.8165					/	48864.812	*	365
=	7.21

Da Ming International Holdings's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (953.257	+	1155.282)	/	2 )	/	25070.245	*	365 / 2
=	1054.2695					/	25070.245	*	365 / 2
=	7.67

Da Ming International Holdings Days Payable Related Terms

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Da Ming International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Da Ming International Holdings Ltd (HKSE:01090) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1518, Tong Jiang Road, Wuxi, Jiangsu, CHN

Website

http://www.dmssc.net

Da Ming International Holdings Ltd is engaged in processing, distribution and sale of stainless steel and carbon steel products. The reportable operating segments of the company are; Processing which derives key revenue and includes processing of stainless steel and carbon steel products and components, and equipment, and the Manufacturing segment which involves manufacturing of equipment and mechanical parts. Geographically, the firm generates a majority of its revenue from Mainland China and the rest from Hong Kong and other overseas countries and regions.

Executives

Ally Good Group Limited	2101 Beneficial owner
Xu Xia	2202 Interest of your spouse
Zhou Keming	2201 Interest of corporation controlled by you
Zhong Guo Bao Wu Gang Tie Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you

Da Ming International Holdings Headlines

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