Volcano Spring International Holdings (HKSE:01715) Days Payable : 79.55 (As of Jun. 2024)

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What is Volcano Spring International Holdings Days Payable?

Volcano Spring International Holdings's average Accounts Payable for the six months ended in Jun. 2024 was HK$23.30 Mil. Volcano Spring International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$53.45 Mil. Hence, Volcano Spring International Holdings's Days Payable for the six months ended in Jun. 2024 was 79.55.

The historical rank and industry rank for Volcano Spring International Holdings's Days Payable or its related term are showing as below:

HKSE:01715' s Days Payable Range Over the Past 10 Years
Min: 69.5 Med: 81.86 Max: 130.4
Current: 105.29

During the past 10 years, Volcano Spring International Holdings's highest Days Payable was 130.40. The lowest was 69.50. And the median was 81.86.

HKSE:01715's Days Payable is ranked better than
72.14% of 420 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.105 vs HKSE:01715: 105.29

Volcano Spring International Holdings's Days Payable increased from Jun. 2023 (78.38) to Jun. 2024 (79.55). It may suggest that Volcano Spring International Holdings delayed paying its suppliers.

Volcano Spring International Holdings Days Payable Historical Data

The historical data trend for Volcano Spring International 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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Volcano Spring International Holdings Days Payable Chart

Volcano Spring International Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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74.50

69.50

123.26

79.51

90.28

Volcano Spring International Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial													103.07	78.38	81.73	79.55	159.89

Competitive Comparison of Volcano Spring International Holdings's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Volcano Spring International 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.

Volcano Spring International Holdings's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Volcano Spring International Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Volcano Spring International Holdings's Days Payable falls into.

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Volcano Spring International 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.

Volcano Spring International 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
=	( (17.684	+	12.41)	/	2 )	/	69.074	*	365
=	15.047					/	69.074	*	365
=	79.51

Volcano Spring International Holdings'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
=	( (12.41	+	34.187)	/	2 )	/	53.452	*	365 / 2
=	23.2985					/	53.452	*	365 / 2
=	79.55

Volcano Spring International Holdings Days Payable Related Terms

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Volcano Spring International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Volcano Spring International Holdings Ltd (HKSE:01715) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

3585 Sanlu Road, West Building No. 2, Pujiang Industrial Zone, Caohejing Hi-tech Park, Shanghai, CHN, 201114

Website

http://www.volcanospring.com

Volcano Spring International Holdings Ltd is engaged in the research and development, manufacturing and trading of kitchen appliances and selling of healthcare products in the PRC. The Group's revenue is substantially derived from the PRC market.

Executives

Seashore Global Enterprises Limited	2101 Beneficial owner
Wu Huizhang	2201 Interest of corporation controlled by you
Zhao Jie	2101 Beneficial owner
Ample Cheer Limited
Kingston Finance Limited
Chu Yuet Wah
Ke Fusheng	2101 Beneficial owner
Maeck Can Yue	2201 Interest of corporation controlled by you
Wide Big Investment Limited	2101 Beneficial owner

Volcano Spring International Holdings Headlines

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