Travel Expert (Asia) Enterprises (HKSE:01235) Days Payable : 123.74 (As of Sep. 2023)

View and export this data going back to 2011. Start your Free Trial

What is Travel Expert (Asia) Enterprises Days Payable?

Travel Expert (Asia) Enterprises's average Accounts Payable for the six months ended in Sep. 2023 was HK$20.03 Mil. Travel Expert (Asia) Enterprises's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$29.55 Mil. Hence, Travel Expert (Asia) Enterprises's Days Payable for the six months ended in Sep. 2023 was 123.74.

The historical rank and industry rank for Travel Expert (Asia) Enterprises's Days Payable or its related term are showing as below:

HKSE:01235' s Days Payable Range Over the Past 10 Years
Min: 130.73 Med: 501.86 Max: 6826.65
Current: 130.73

During the past 13 years, Travel Expert (Asia) Enterprises's highest Days Payable was 6826.65. The lowest was 130.73. And the median was 501.86.

HKSE:01235's Days Payable is ranked better than
74.5% of 757 companies
in the Travel & Leisure industry
Industry Median: 59.94 vs HKSE:01235: 130.73

Travel Expert (Asia) Enterprises's Days Payable declined from Sep. 2022 (481.29) to Sep. 2023 (123.74). It may suggest that Travel Expert (Asia) Enterprises accelerated paying its suppliers.

Travel Expert (Asia) Enterprises Days Payable Historical Data

The historical data trend for Travel Expert (Asia) Enterprises'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.

Travel Expert (Asia) Enterprises Days Payable Chart

Travel Expert (Asia) Enterprises Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

402.67

159.99

6,826.65

366.70

200.52

Travel Expert (Asia) Enterprises Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															2,212.67	238.51	481.29	140.63	123.74

Competitive Comparison of Travel Expert (Asia) Enterprises's Days Payable

For the Travel Services subindustry, Travel Expert (Asia) Enterprises'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.

Travel Expert (Asia) Enterprises's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Travel Expert (Asia) Enterprises's Days Payable distribution charts can be found below:

* The bar in red indicates where Travel Expert (Asia) Enterprises's Days Payable falls into.

Travel Expert (Asia) Enterprises 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.

Travel Expert (Asia) Enterprises's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (4.332	+	15.669)	/	2 )	/	18.204	*	365
=	10.0005					/	18.204	*	365
=	200.52

Travel Expert (Asia) Enterprises's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (15.669	+	24.395)	/	2 )	/	29.545	*	365 / 2
=	20.032					/	29.545	*	365 / 2
=	123.74

Travel Expert (Asia) Enterprises Days Payable Related Terms

Thank you for viewing the detailed overview of Travel Expert (Asia) Enterprises's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Travel Expert (Asia) Enterprises (HKSE:01235) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Travel Expert (Asia) Enterprises Ltd (HKSE:01235) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Connaught Road West, 8th Floor, Guangdong Finance Building, Hong Kong, HKG

Website

https://www.tegroup.com.hk

Travel Expert (Asia) Enterprises Ltd is an investment holding company. It is engaged in the provision of services relating to sales of air tickets, hotel accommodation, and other travel/wedding-related activities. The company operates through three business segments which include the Travel and travel/wedding-related business, Food, and beverage business, and Treasury activities. It generates maximum revenue from the Travel and travel/wedding-related business segment. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in the PRC.

Travel Expert (Asia) Enterprises (HKSE:01235) Headlines

No Headlines