Chinney Kin Wing Holdings (HKSE:01556) Days Payable : 37.17 (As of Dec. 2023)

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What is Chinney Kin Wing Holdings Days Payable?

Chinney Kin Wing Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$185 Mil. Chinney Kin Wing Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$909 Mil. Hence, Chinney Kin Wing Holdings's Days Payable for the six months ended in Dec. 2023 was 37.17.

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

HKSE:01556' s Days Payable Range Over the Past 10 Years
Min: 37.33 Med: 54.63 Max: 198.75
Current: 37.33

During the past 10 years, Chinney Kin Wing Holdings's highest Days Payable was 198.75. The lowest was 37.33. And the median was 54.63.

HKSE:01556's Days Payable is ranked worse than
82.75% of 1606 companies
in the Construction industry
Industry Median: 76.71 vs HKSE:01556: 37.33

Chinney Kin Wing Holdings's Days Payable increased from Dec. 2022 (28.49) to Dec. 2023 (37.17). It may suggest that Chinney Kin Wing Holdings delayed paying its suppliers.

Chinney Kin Wing Holdings Days Payable Historical Data

The historical data trend for Chinney Kin Wing 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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Chinney Kin Wing Holdings Days Payable Chart

Chinney Kin Wing Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.74

52.52

43.76

47.06

42.87

Chinney Kin Wing Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial														41.38	35.93	28.49	31.83	37.17

Competitive Comparison of Chinney Kin Wing Holdings's Days Payable

For the Engineering & Construction subindustry, Chinney Kin Wing 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.

Chinney Kin Wing Holdings's Days Payable Distribution in the Construction Industry

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

* The bar in red indicates where Chinney Kin Wing Holdings's Days Payable falls into.

Chinney Kin Wing 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.

Chinney Kin Wing 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
=	( (176.507	+	242.093)	/	2 )	/	1781.841	*	365
=	209.3					/	1781.841	*	365
=	42.87

Chinney Kin Wing 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
=	( (128.083	+	242.093)	/	2 )	/	908.662	*	365 / 2
=	185.088					/	908.662	*	365 / 2
=	37.17

Chinney Kin Wing Holdings Days Payable Related Terms

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Chinney Kin Wing Holdings (HKSE:01556) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chinney Kin Wing Holdings Ltd (HKSE:01556) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

111 Connaught Road Central, Room 2308, 23rd Floor, Wing On centre, Hong Kong, HKG

Website

https://www.chinneykinwing.com.hk

Chinney Kin Wing Holdings Ltd is an investment holding company. The company's operating segment includes Foundation construction and ancillary services and Drilling and site investigation. It generates maximum revenue from the Foundation construction and ancillary services segment. Geographically, it derives a majority of its revenue from Hong Kong and also has a presence in Singapore.

Chinney Kin Wing Holdings (HKSE:01556) Headlines

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