Bright Future Technology Holdings (HKSE:01351) Days Payable : 28.86 (As of Dec. 2023)

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What is Bright Future Technology Holdings Days Payable?

Bright Future Technology Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$67.2 Mil. Bright Future Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$424.9 Mil. Hence, Bright Future Technology Holdings's Days Payable for the six months ended in Dec. 2023 was 28.86.

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

HKSE:01351' s Days Payable Range Over the Past 10 Years
Min: 20.26 Med: 149.37 Max: 207.77
Current: 20.26

During the past 7 years, Bright Future Technology Holdings's highest Days Payable was 207.77. The lowest was 20.26. And the median was 149.37.

HKSE:01351's Days Payable is ranked worse than
87.11% of 923 companies
in the Media - Diversified industry
Industry Median: 81.72 vs HKSE:01351: 20.26

Bright Future Technology Holdings's Days Payable increased from Dec. 2022 (18.05) to Dec. 2023 (28.86). It may suggest that Bright Future Technology Holdings delayed paying its suppliers.

Bright Future Technology Holdings Days Payable Historical Data

The historical data trend for Bright Future Technology 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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Bright Future Technology Holdings Days Payable Chart

Bright Future Technology Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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207.77

163.58

114.43

63.24

20.28

Bright Future Technology Holdings Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						133.39	78.84	18.05	12.35	28.86

Competitive Comparison of Bright Future Technology Holdings's Days Payable

For the Advertising Agencies subindustry, Bright Future Technology 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.

Bright Future Technology Holdings's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Bright Future Technology Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Bright Future Technology Holdings's Days Payable falls into.

Bright Future Technology 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.

Bright Future Technology 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
=	( (13.485	+	85.175)	/	2 )	/	888.026	*	365
=	49.33					/	888.026	*	365
=	20.28

Bright Future Technology 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
=	( (49.203	+	85.175)	/	2 )	/	424.889	*	365 / 2
=	67.189					/	424.889	*	365 / 2
=	28.86

Bright Future Technology Holdings Days Payable Related Terms

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Bright Future Technology Holdings (HKSE:01351) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Bright Future Technology Holdings Ltd (HKSE:01351) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xinghai Mingcheng Community, Rooms 201-02 & 201-03, Phase 7, Nantou Jiedao Nanshan District, Shenzhen, CHN

Website

http://www.btomorrow.cn

Bright Future Technology Holdings Ltd is a mobile advertising company offering one-stop and tailor-made advertising services to customers in China. It is engaged in the provision of intelligent marketing solutions services in the PRC. It offers customers comprehensive mobile advertising services from promotion planning, advertisement production, and placement to post-publication monitoring to optimize the promotional effectiveness for customers. Its customers have advertising needs at mobile internet media, either for maximizing exposure of their products through advertising or to achieve specific advertising results.

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Bright Future Technology Holdings (HKSE:01351) Headlines

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