AB Builders Group (HKSE:01615) Days Payable : 155.99 (As of Dec. 2023)

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What is AB Builders Group Days Payable?

AB Builders Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$46.6 Mil. AB Builders Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$54.5 Mil. Hence, AB Builders Group's Days Payable for the six months ended in Dec. 2023 was 155.99.

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

HKSE:01615' s Days Payable Range Over the Past 10 Years
Min: 39.86 Med: 87.27 Max: 202
Current: 140.33

During the past 10 years, AB Builders Group's highest Days Payable was 202.00. The lowest was 39.86. And the median was 87.27.

HKSE:01615's Days Payable is ranked better than
74.22% of 1606 companies
in the Construction industry
Industry Median: 76.53 vs HKSE:01615: 140.33

AB Builders Group's Days Payable declined from Dec. 2022 (415.30) to Dec. 2023 (155.99). It may suggest that AB Builders Group accelerated paying its suppliers.

AB Builders Group Days Payable Historical Data

The historical data trend for AB Builders 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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AB Builders Group Days Payable Chart

AB Builders Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.72

109.00

72.75

202.00

137.84

AB Builders Group Semi-Annual Data
	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												58.62	129.45	415.30	131.04	155.99

Competitive Comparison of AB Builders Group's Days Payable

For the Engineering & Construction subindustry, AB Builders 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.

AB Builders Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, AB Builders Group's Days Payable distribution charts can be found below:

* The bar in red indicates where AB Builders Group's Days Payable falls into.

AB Builders 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.

AB Builders Group'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
=	( (55.673	+	41.789)	/	2 )	/	129.044	*	365
=	48.731					/	129.044	*	365
=	137.84

AB Builders Group'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
=	( (51.376	+	41.789)	/	2 )	/	54.499	*	365 / 2
=	46.5825					/	54.499	*	365 / 2
=	155.99

AB Builders Group Days Payable Related Terms

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AB Builders Group (HKSE:01615) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » AB Builders Group Ltd (HKSE:01615) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 126, Rua De Pequim, Edf. Commercial I Tak, 10th Floor, Macao, MAC

Website

http://www.abbuildersgroup.com

AB Builders Group Ltd operates as a construction contractor, focused on providing structural works, including substructure and superstructure works such as foundation works, basement works, piling and pile cap work, and the construction of high rise buildings, and fitting-out works. The company's reportable segments are Fitting-out works; Structural works; and Air purification business. It generates a vast majority of its revenue from the Fitting-out works segment. The company's operations are located in Macau and Hong Kong, of which key revenue is derived from Macau.

Executives

Lao Chio Seng	2201 Interest of corporation controlled by you
Wong Hio Mei	2202 Interest of your spouse
Laos International Holdings Limited	2101 Beneficial owner
Ip Kin Wa	2101 Beneficial owner
Whm Holdings Limited	2101 Beneficial owner

AB Builders Group (HKSE:01615) Headlines

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