Clarity Medical Group Holding (HKSE:01406) Days Payable : 55.80 (As of Sep. 2024)

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What is Clarity Medical Group Holding Days Payable?

Clarity Medical Group Holding's average Accounts Payable for the six months ended in Sep. 2024 was HK$5.7 Mil. Clarity Medical Group Holding's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$18.7 Mil. Hence, Clarity Medical Group Holding's Days Payable for the six months ended in Sep. 2024 was 55.80.

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

HKSE:01406' s Days Payable Range Over the Past 10 Years
Min: 43.56 Med: 60.9 Max: 80.5
Current: 52.83

During the past 6 years, Clarity Medical Group Holding's highest Days Payable was 80.50. The lowest was 43.56. And the median was 60.90.

HKSE:01406's Days Payable is ranked worse than
63.27% of 795 companies
in the Medical Devices & Instruments industry
Industry Median: 69.13 vs HKSE:01406: 52.83

Clarity Medical Group Holding's Days Payable declined from Sep. 2023 (56.41) to Sep. 2024 (55.80). It may suggest that Clarity Medical Group Holding accelerated paying its suppliers.

Clarity Medical Group Holding Days Payable Historical Data

The historical data trend for Clarity Medical Group Holding'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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Clarity Medical Group Holding Days Payable Chart

Clarity Medical Group Holding Annual Data

Trend

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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57.31

80.50

67.74

63.46

58.34

Clarity Medical Group Holding Semi-Annual Data
	Mar19	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial					57.36	68.24	56.41	46.87	55.80

Competitive Comparison of Clarity Medical Group Holding's Days Payable

For the Medical Instruments & Supplies subindustry, Clarity Medical Group Holding'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.

Clarity Medical Group Holding's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Clarity Medical Group Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Clarity Medical Group Holding's Days Payable falls into.

Clarity Medical Group Holding 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.

Clarity Medical Group Holding's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (7.166	+	4.767)	/	2 )	/	37.326	*	365
=	5.9665					/	37.326	*	365
=	58.34

Clarity Medical Group Holding's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (4.767	+	6.673)	/	2 )	/	18.707	*	365 / 2
=	5.72					/	18.707	*	365 / 2
=	55.80

Clarity Medical Group Holding Days Payable Related Terms

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Clarity Medical Group Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Clarity Medical Group Holding Ltd (HKSE:01406) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Queen’s Road Central, Room 1302, 13th Floor, Hong Kong, HKG

Website

https://www.claritymedic.com

Clarity Medical Group Holding Ltd is committed to providing comprehensive and professional ophthalmic services for patients with various eye conditions. It operates two medical centers in Central and Mongkok. The medical centers are equipped with medical instruments and surgical equipment which allows performing various ophthalmic examinations, treatments, and surgeries for patients.

Executives

3w Partners Fund I L.p.	2201 Interest of corporation controlled by you
3w Partners Gp Limited	2201 Interest of corporation controlled by you
3w Partners Holdings Limited	2201 Interest of corporation controlled by you
Clear Lead Ventures Limited	2101 Beneficial owner
Goh Lu Hong	2501 Other
Chan Hoi Hin William	2501 Other
Global Vision Investment Lp	2201 Interest of corporation controlled by you
Innovative Vision Gp Ltd (formerly Known As Global Vision Gp Ltd)	2201 Interest of corporation controlled by you
Innovative Vision Inc	2101 Beneficial owner
Prime Sage International Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Ultimate Bliss Limited	2307 Founder of a discretionary trust who can infl
Tse Wai Ip	2307 Founder of a discretionary trust who can infl
Cheng Chi Heng	2101 Beneficial owner
Wuxi Apptec (hong Kong) Limited

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