Be Friends Holding (HKSE:01450) Days Payable : 62.22 (As of Jun. 2024)

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What is Be Friends Holding Days Payable?

Be Friends Holding's average Accounts Payable for the six months ended in Jun. 2024 was HK$111 Mil. Be Friends Holding's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$325 Mil. Hence, Be Friends Holding's Days Payable for the six months ended in Jun. 2024 was 62.22.

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

HKSE:01450' s Days Payable Range Over the Past 10 Years
Min: 56.04 Med: 142.04 Max: 319.91
Current: 56.04

During the past 11 years, Be Friends Holding's highest Days Payable was 319.91. The lowest was 56.04. And the median was 142.04.

HKSE:01450's Days Payable is ranked better than
54.16% of 2539 companies
in the Software industry
Industry Median: 49.04 vs HKSE:01450: 56.04

Be Friends Holding's Days Payable declined from Jun. 2023 (71.36) to Jun. 2024 (62.22). It may suggest that Be Friends Holding accelerated paying its suppliers.

Be Friends Holding Days Payable Historical Data

The historical data trend for Be Friends 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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Be Friends Holding Days Payable Chart

Be Friends Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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319.91

195.35

129.27

97.79

61.50

Be Friends Holding Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															123.15	77.90	71.36	53.32	62.22

Competitive Comparison of Be Friends Holding's Days Payable

For the Software - Application subindustry, Be Friends 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.

Be Friends Holding's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Be Friends Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Be Friends Holding's Days Payable falls into.

Be Friends 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.

Be Friends Holding'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
=	( (72.092	+	114.942)	/	2 )	/	555.011	*	365
=	93.517					/	555.011	*	365
=	61.50

Be Friends Holding's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (114.942	+	106.335)	/	2 )	/	324.54	*	365 / 2
=	110.6385					/	324.54	*	365 / 2
=	62.22

Be Friends Holding Days Payable Related Terms

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Be Friends Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Be Friends Holding Ltd (HKSE:01450) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 601 Qiuyi Road Changhe Street, Building 5, (Zhejiang) Pilot Free Trade Zone, Binjiang District, Hangzhou, CHN, 310056

Website

https://www.befriends.com.cn

Be Friends Holding Ltd engaged in the provision of new media services; application solutions; sales of self-developed products; and system maintenance services, for the all-media industry in the People's Republic of China (the PRC). The Group has operations mainly in the PRC. The company's segments include New media services; and Television broadcasting business. It derives the majority of its revenue from the New media services segment.

Executives

Li Jun
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Wu Yongming
Teng Rongsong

Be Friends Holding Headlines

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