Enterprise Development Holdings (HKSE:01808) Days Payable : 28.92 (As of Jun. 2024)

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What is Enterprise Development Holdings Days Payable?

Enterprise Development Holdings's average Accounts Payable for the six months ended in Jun. 2024 was HK$16.1 Mil. Enterprise Development Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$101.5 Mil. Hence, Enterprise Development Holdings's Days Payable for the six months ended in Jun. 2024 was 28.92.

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

HKSE:01808' s Days Payable Range Over the Past 10 Years
Min: 18.76 Med: 53.41 Max: 92.1
Current: 18.76

During the past 13 years, Enterprise Development Holdings's highest Days Payable was 92.10. The lowest was 18.76. And the median was 53.41.

HKSE:01808's Days Payable is ranked worse than
80.78% of 2549 companies
in the Software industry
Industry Median: 51.3 vs HKSE:01808: 18.76

Enterprise Development Holdings's Days Payable declined from Jun. 2023 (91.20) to Jun. 2024 (28.92). It may suggest that Enterprise Development Holdings accelerated paying its suppliers.

Enterprise Development Holdings Days Payable Historical Data

The historical data trend for Enterprise Development 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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Enterprise Development Holdings Days Payable Chart

Enterprise Development Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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69.26

58.57

92.10

55.63

13.65

Enterprise Development Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	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															87.35	91.20	62.05	28.92	18.64

Competitive Comparison of Enterprise Development Holdings's Days Payable

For the Software - Application subindustry, Enterprise Development 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.

Enterprise Development Holdings's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Enterprise Development Holdings's Days Payable distribution charts can be found below:

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

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Enterprise Development 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.

Enterprise Development 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
=	( (10.228	+	1.308)	/	2 )	/	37.846	*	365
=	5.768					/	37.846	*	365
=	55.63

Enterprise Development 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
=	( (1.308	+	30.867)	/	2 )	/	101.537	*	365 / 2
=	16.0875					/	101.537	*	365 / 2
=	28.92

Enterprise Development Holdings Days Payable Related Terms

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Enterprise Development Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Enterprise Development Holdings Ltd (HKSE:01808) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Fenwick Street/46 Gloucester Road, Room 1105, 15th Floor, Jubilee Centre, Wan Chai, Hong Kong, HKG

Website

http://www.1808.com.hk

Enterprise Development Holdings Ltd is an investment holding company engaged in the Software business which includes the Provision of integrated business software solutions in the People's Republic of China. Its product offering includes Software maintenance and other services, and the Sale of software licenses and other products. The company has one major reportable segment which is Software Business which includes the sale of software licenses and other products and the provision of integrated business software solutions in the PRC. Geographically, the company derives a majority of its revenue from China.

Executives

Hong Tai International Ii Lpf	2101 Beneficial owner
Cheng Wing	2101 Beneficial owner
Teoh Ronnie Chee Keong	2101 Beneficial owner
China Taiping Insurance Holdings Company Limited	2201 Interest of corporation controlled by you
Wu Xiaodong	2201 Interest of corporation controlled by you
Han Lili	2201 Interest of corporation controlled by you
Zhongwei Group (hong Kong) Co., Limited	2101 Beneficial owner
De Gennes Limited	2101 Beneficial owner
King Pak Fu
Rentian Technology Holdings Limited	2201 Interest of corporation controlled by you
Taiping Financial Holdings Company Limited	2101 Beneficial owner
China Insurance Group Finance Company Limited	2106 Person having a security interest in shares

Enterprise Development Holdings Headlines

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