Man Shun Group (Holdings) (HKSE:01746) Days Payable : 21.93 (As of Dec. 2023)

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What is Man Shun Group (Holdings) Days Payable?

Man Shun Group (Holdings)'s average Accounts Payable for the six months ended in Dec. 2023 was HK$8.8 Mil. Man Shun Group (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$73.3 Mil. Hence, Man Shun Group (Holdings)'s Days Payable for the six months ended in Dec. 2023 was 21.93.

The historical rank and industry rank for Man Shun Group (Holdings)'s Days Payable or its related term are showing as below:

HKSE:01746' s Days Payable Range Over the Past 10 Years
Min: 16.83 Med: 21.43 Max: 29.42
Current: 19.46

During the past 9 years, Man Shun Group (Holdings)'s highest Days Payable was 29.42. The lowest was 16.83. And the median was 21.43.

HKSE:01746's Days Payable is ranked worse than
95.07% of 1603 companies
in the Construction industry
Industry Median: 74.72 vs HKSE:01746: 19.46

Man Shun Group (Holdings)'s Days Payable increased from Dec. 2022 (17.42) to Dec. 2023 (21.93). It may suggest that Man Shun Group (Holdings) delayed paying its suppliers.

Man Shun Group (Holdings) Days Payable Historical Data

The historical data trend for Man Shun Group (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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Man Shun Group (Holdings) Days Payable Chart

Man Shun Group (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.94

21.43

29.42

23.99

21.22

Man Shun Group (Holdings) Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											26.76	30.54	17.42	14.52	21.93

Competitive Comparison of Man Shun Group (Holdings)'s Days Payable

For the Engineering & Construction subindustry, Man Shun Group (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.

Man Shun Group (Holdings)'s Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Man Shun Group (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Man Shun Group (Holdings)'s Days Payable falls into.

Man Shun Group (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.

Man Shun Group (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
=	( (3.782	+	11.771)	/	2 )	/	133.743	*	365
=	7.7765					/	133.743	*	365
=	21.22

Man Shun Group (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
=	( (5.838	+	11.771)	/	2 )	/	73.279	*	365 / 2
=	8.8045					/	73.279	*	365 / 2
=	21.93

Man Shun Group (Holdings) Days Payable Related Terms

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Man Shun Group (Holdings) (HKSE:01746) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Man Shun Group (Holdings) Ltd (HKSE:01746) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Nos. 23-39 Pak Tin Par Street, Room 1908, 19th Floor, Cheung Fung Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

https://www.manshungroup.com.hk

Man Shun Group (Holdings) Ltd is an engineering and construction service provider in Hong Kong. It mainly provides HVAC electrical and mechanical (E and M) engineering services for new residential property development projects through installation services only. HVAC E and M engineering services typically involve the installation of HVAC systems, which refers to heat, ventilation and air-conditioning systems.

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