Grandshores Technology Group (HKSE:01647) Days Payable : 40.04 (As of Sep. 2023)

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What is Grandshores Technology Group Days Payable?

Grandshores Technology Group's average Accounts Payable for the six months ended in Sep. 2023 was HK$31.8 Mil. Grandshores Technology Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$145.0 Mil. Hence, Grandshores Technology Group's Days Payable for the six months ended in Sep. 2023 was 40.04.

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

HKSE:01647' s Days Payable Range Over the Past 10 Years
Min: 31.44 Med: 76.86 Max: 110.42
Current: 31.44

During the past 10 years, Grandshores Technology Group's highest Days Payable was 110.42. The lowest was 31.44. And the median was 76.86.

HKSE:01647's Days Payable is ranked worse than
87.73% of 1606 companies
in the Construction industry
Industry Median: 76.71 vs HKSE:01647: 31.44

Grandshores Technology Group's Days Payable declined from Sep. 2022 (45.01) to Sep. 2023 (40.04). It may suggest that Grandshores Technology Group accelerated paying its suppliers.

Grandshores Technology Group Days Payable Historical Data

The historical data trend for Grandshores Technology 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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Grandshores Technology Group Days Payable Chart

Grandshores Technology Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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70.48

68.69

80.55

73.17

45.17

Grandshores Technology Group Semi-Annual Data
	Mar14	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														75.39	49.32	45.01	27.89	40.04

Competitive Comparison of Grandshores Technology Group's Days Payable

For the Engineering & Construction subindustry, Grandshores Technology 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.

Grandshores Technology Group's Days Payable Distribution in the Construction Industry

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

* The bar in red indicates where Grandshores Technology Group's Days Payable falls into.

Grandshores Technology 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.

Grandshores Technology 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
=	( (36.382	+	34.153)	/	2 )	/	284.989	*	365
=	35.2675					/	284.989	*	365
=	45.17

Grandshores Technology 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
=	( (34.153	+	29.49)	/	2 )	/	145.043	*	365 / 2
=	31.8215					/	145.043	*	365 / 2
=	40.04

Grandshores Technology Group Days Payable Related Terms

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Grandshores Technology Group (HKSE:01647) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grandshores Technology Group Ltd (HKSE:01647) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Science Museum Road, Tsim Sha Tsui, Unit 1503, 15th Floor, Greenfield Tower, Concordia Plaza, Kowloon, Hong Kong, HKG

Website

http://www.grandshorestech.com

Grandshores Technology Group Ltd is an investment holding company. Along with its subsidiaries, the company provides integrated building services, with a focus on maintenance and/or installations of mechanical and electrical systems and including minor repairs and improvement works, and undertaking building and construction works in Singapore. The operating segments of the group are Integrated Building Services; Building Construction Works and Industrial Hemp, of which the major revenue source is from the Integrated Building Services segment. It has a business presence in Singapore and China.

Executives

Great Scenery Ventures Limited	2201 Interest of corporation controlled by you
Yao Yongjie	2101 Beneficial owner
Yao Zeqian	2101 Beneficial owner
Emperor Grand International Limited
Morgan Hill Holdings Limited
Zhu Guangping
Liu Zihao	2101 Beneficial owner
Lion Group Holding Ltd.	2101 Beneficial owner
Wang Jian	2101 Beneficial owner
Leung Shek Kong
Timeness Vision Limited	2201 Interest of corporation controlled by you

Grandshores Technology Group (HKSE:01647) Headlines

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