Bright Smart Securitiesmmodities Group (HKSE:01428) Days Payable : 4,377.03 (As of Sep. 2023)

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What is Bright Smart Securitiesmmodities Group Days Payable?

Bright Smart Securitiesmmodities Group's average Accounts Payable for the six months ended in Sep. 2023 was HK$1,520.3 Mil. Bright Smart Securitiesmmodities Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$63.4 Mil. Hence, Bright Smart Securitiesmmodities Group's Days Payable for the six months ended in Sep. 2023 was 4,377.03.

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

HKSE:01428' s Days Payable Range Over the Past 10 Years
Min: 2701.31 Med: 3968.86 Max: 6552.36
Current: 6243.88

During the past 13 years, Bright Smart Securitiesmmodities Group's highest Days Payable was 6552.36. The lowest was 2701.31. And the median was 3968.86.

HKSE:01428's Days Payable is ranked better than
94.66% of 524 companies
in the Capital Markets industry
Industry Median: 99.895 vs HKSE:01428: 6243.88

Bright Smart Securitiesmmodities Group's Days Payable increased from Sep. 2022 (4,239.22) to Sep. 2023 (4,377.03). It may suggest that Bright Smart Securitiesmmodities Group delayed paying its suppliers.

Bright Smart Securitiesmmodities Group Days Payable Historical Data

The historical data trend for Bright Smart Securitiesmmodities Group'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 Smart Securitiesmmodities Group Days Payable Chart

Bright Smart Securitiesmmodities Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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3,923.98

3,618.56

4,013.73

6,552.36

6,011.91

Bright Smart Securitiesmmodities Group 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															4,519.66	9,871.46	4,239.22	10,332.02	4,377.03

Competitive Comparison of Bright Smart Securitiesmmodities Group's Days Payable

For the Capital Markets subindustry, Bright Smart Securitiesmmodities Group'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 Smart Securitiesmmodities Group's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Bright Smart Securitiesmmodities Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Bright Smart Securitiesmmodities Group's Days Payable falls into.

Bright Smart Securitiesmmodities Group 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 Smart Securitiesmmodities Group'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
=	( (1939.351	+	1464.115)	/	2 )	/	103.317	*	365
=	1701.733					/	103.317	*	365
=	6,011.91

Bright Smart Securitiesmmodities Group'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
=	( (1464.115	+	1576.449)	/	2 )	/	63.388	*	365 / 2
=	1520.282					/	63.388	*	365 / 2
=	4,377.03

Bright Smart Securitiesmmodities Group Days Payable Related Terms

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Bright Smart Securitiesmmodities Group (HKSE:01428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Bright Smart Securities & Commodities Group Ltd (HKSE:01428) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0BX:Germany

Address

71 Des Voeux Road Central, 10th Floor and 23rd Floor, Wing On House, Central, Hong Kong, HKG

Website

https://www.bsgroup.com.hk

Bright Smart Securities & Commodities Group Ltd is a company that principally provides financial services. The company operates via three segments. The Securities broking segment offers broking services in securities traded in Hong Kong and select overseas markets and provides margin financing services to its broking customers. The Commodities and futures broking segment offers broking services in commodities and futures contracts traded in Hong Kong and overseas markets. The Bullion trading segment provides trading services in bullion contracts traded in overseas markets. The company generates most of its revenue from the Securities broking segment.

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