Accel Group Holdings (HKSE:01283) Days Payable : 50.32 (As of Sep. 2023)

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What is Accel Group Holdings Days Payable?

Accel Group Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$66.6 Mil. Accel Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$241.5 Mil. Hence, Accel Group Holdings's Days Payable for the six months ended in Sep. 2023 was 50.32.

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

HKSE:01283' s Days Payable Range Over the Past 10 Years
Min: 26.11 Med: 44.86 Max: 55.52
Current: 39.59

During the past 7 years, Accel Group Holdings's highest Days Payable was 55.52. The lowest was 26.11. And the median was 44.86.

HKSE:01283's Days Payable is ranked worse than
79.99% of 1604 companies
in the Construction industry
Industry Median: 74.12 vs HKSE:01283: 39.59

Accel Group Holdings's Days Payable increased from Sep. 2022 (38.06) to Sep. 2023 (50.32). It may suggest that Accel Group Holdings delayed paying its suppliers.

Accel Group Holdings Days Payable Historical Data

The historical data trend for Accel 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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Accel Group Holdings Days Payable Chart

Accel Group Holdings Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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39.83

29.03

55.52

48.89

46.33

Accel Group Holdings Semi-Annual Data
	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial								61.65	44.28	38.06	37.21	50.32

Competitive Comparison of Accel Group Holdings's Days Payable

For the Engineering & Construction subindustry, Accel 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.

Accel Group Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Accel Group Holdings's Days Payable distribution charts can be found below:

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

Accel 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.

Accel Group Holdings'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
=	( (35.332	+	77.266)	/	2 )	/	443.556	*	365
=	56.299					/	443.556	*	365
=	46.33

Accel Group Holdings'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
=	( (77.266	+	55.921)	/	2 )	/	241.538	*	365 / 2
=	66.5935					/	241.538	*	365 / 2
=	50.32

Accel Group Holdings Days Payable Related Terms

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Accel Group Holdings (HKSE:01283) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Accel Group Holdings Ltd (HKSE:01283) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Unit A, 19/F TML Tower, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.chittathk.com

Accel Group Holdings Ltd is an electrical and mechanical (E&M) engineering services provider. The company's main business is to install E&M facilities for various developers, including the installation of an air-conditioning system, drainage system, water supply, swimming pool and fountain system, electrical and control system as well as smart electrical control system in buildings. Geographically, it derives revenue from Hong Kong.

Accel Group Holdings (HKSE:01283) Headlines

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