FSM Holdings (HKSE:01721) Days Payable : 23.02 (As of Jun. 2024)

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What is FSM Holdings Days Payable?

FSM Holdings's average Accounts Payable for the six months ended in Jun. 2024 was HK$3.08 Mil. FSM Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$24.43 Mil. Hence, FSM Holdings's Days Payable for the six months ended in Jun. 2024 was 23.02.

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

HKSE:01721' s Days Payable Range Over the Past 10 Years
Min: 27.06 Med: 43.28 Max: 51.51
Current: 27.06

During the past 10 years, FSM Holdings's highest Days Payable was 51.51. The lowest was 27.06. And the median was 43.28.

HKSE:01721's Days Payable is ranked worse than
89.95% of 2946 companies
in the Industrial Products industry
Industry Median: 76.25 vs HKSE:01721: 27.06

FSM Holdings's Days Payable declined from Jun. 2023 (51.23) to Jun. 2024 (23.02). It may suggest that FSM Holdings accelerated paying its suppliers.

FSM Holdings Days Payable Historical Data

The historical data trend for FSM 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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FSM Holdings Days Payable Chart

FSM Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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42.11

43.28

48.37

41.93

30.84

FSM 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													63.21	51.23	24.59	23.02	27.16

Competitive Comparison of FSM Holdings's Days Payable

For the Metal Fabrication subindustry, FSM 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.

FSM Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, FSM Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where FSM Holdings's Days Payable falls into.

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FSM 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.

FSM 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
=	( (10.24	+	3.406)	/	2 )	/	59.396	*	365
=	6.823					/	59.396	*	365
=	41.93

FSM 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
=	( (3.406	+	2.756)	/	2 )	/	24.429	*	365 / 2
=	3.081					/	24.429	*	365 / 2
=	23.02

FSM Holdings Days Payable Related Terms

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FSM Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » FSM Holdings Ltd (HKSE:01721) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Hysan Avenue, Causeway Bay, Room R125, 3/F., Eton Tower, Hong Kong, HKG

Website

https://www.fsmtech.com

FSM Holdings Ltd is principally engaged in precision engineering, sheet metal fabrication, and the development and distribution of an online mobile game. The company has two business segments. The manufacturing business, which is the key revenue driver, is engaged in sheet metal fabrication with a focus on precision engineering and precision machining service; Online business includes the development, distribution, and operation of online mobile games. The company generates maximum revenue from the manufacturing business.

Executives

Li Thet	2201 Interest of corporation controlled by you
Luxuriant East Limited	2101 Beneficial owner

FSM Holdings Headlines

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