Arts Optical International Holdings (HKSE:01120) Days Payable : 60.27 (As of Dec. 2023)

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What is Arts Optical International Holdings Days Payable?

Arts Optical International Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$142 Mil. Arts Optical International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$430 Mil. Hence, Arts Optical International Holdings's Days Payable for the six months ended in Dec. 2023 was 60.27.

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

HKSE:01120' s Days Payable Range Over the Past 10 Years
Min: 36.25 Med: 43.1 Max: 63.66
Current: 59.11

During the past 13 years, Arts Optical International Holdings's highest Days Payable was 63.66. The lowest was 36.25. And the median was 43.10.

HKSE:01120's Days Payable is ranked worse than
59.87% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs HKSE:01120: 59.11

Arts Optical International Holdings's Days Payable increased from Dec. 2022 (53.49) to Dec. 2023 (60.27). It may suggest that Arts Optical International Holdings delayed paying its suppliers.

Arts Optical International Holdings Days Payable Historical Data

The historical data trend for Arts Optical 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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Arts Optical International Holdings Days Payable Chart

Arts Optical International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.14

63.66

57.52

59.86

60.20

Arts Optical International 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															60.33	61.04	53.49	56.69	60.27

Competitive Comparison of Arts Optical International Holdings's Days Payable

For the Medical Instruments & Supplies subindustry, Arts Optical 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.

Arts Optical International Holdings's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Arts Optical International Holdings's Days Payable distribution charts can be found below:

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

Arts Optical 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.

Arts Optical International Holdings'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
=	( (116.857	+	155.388)	/	2 )	/	825.32	*	365
=	136.1225					/	825.32	*	365
=	60.20

Arts Optical International 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
=	( (128.696	+	155.388)	/	2 )	/	430.093	*	365 / 2
=	142.042					/	430.093	*	365 / 2
=	60.27

Arts Optical International Holdings Days Payable Related Terms

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Arts Optical International Holdings (HKSE:01120) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Arts Optical International Holdings Ltd (HKSE:01120) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 King Yip Street, King Palace Plaza, Units A to G, 32nd Floor, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.artsgroup.com

Arts Optical International Holdings Ltd is an investment holding company. Through its subsidiaries, it is engaged in the manufacturing and trading of prescription frames, sunglasses and optical lens as well as property holding. It operates in three divisions: Original design manufacturing, Distribution. and Lens division. The group is organized into four segments, which are sales of optical products to customers located in Europe, the United States, Asia, and other regions, of which the majority of the revenue is generated from Europe.

Executives

Ng Hoi Ying, Michael	2202 Interest of your spouse
Wu Zhihong	2101 Beneficial owner
Ng Kim Ying
Webb David Michael	2201 Interest of corporation controlled by you
Fmr Llc	2201 Interest of corporation controlled by you
Ratagan International Company Limited	2101 Beneficial owner
Hsbc International Trustee Limited	2301 Trustee

Arts Optical International Holdings (HKSE:01120) Headlines

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