Heng Hup Holdings (HKSE:01891) Days Payable : 7.61 (As of Dec. 2023)

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What is Heng Hup Holdings Days Payable?

Heng Hup Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$51 Mil. Heng Hup Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,215 Mil. Hence, Heng Hup Holdings's Days Payable for the six months ended in Dec. 2023 was 7.61.

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

HKSE:01891' s Days Payable Range Over the Past 10 Years
Min: 3.41 Med: 5.61 Max: 21.54
Current: 6.77

During the past 9 years, Heng Hup Holdings's highest Days Payable was 21.54. The lowest was 3.41. And the median was 5.61.

HKSE:01891's Days Payable is ranked worse than
99.08% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs HKSE:01891: 6.77

Heng Hup Holdings's Days Payable increased from Dec. 2022 (7.29) to Dec. 2023 (7.61). It may suggest that Heng Hup Holdings delayed paying its suppliers.

Heng Hup Holdings Days Payable Historical Data

The historical data trend for Heng Hup 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.

* Premium members only.

Heng Hup Holdings Days Payable Chart

Heng Hup Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3.41

4.76

5.16

4.58

7.74

Heng Hup Holdings Semi-Annual Data
	Dec15	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial										6.15	6.03	7.29	4.57	7.61

Competitive Comparison of Heng Hup Holdings's Days Payable

For the Metal Fabrication subindustry, Heng Hup 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.

Heng Hup Holdings's Days Payable Distribution in the Industrial Products Industry

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

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

Heng Hup 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.

Heng Hup 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
=	( (17.554	+	72.751)	/	2 )	/	2129.175	*	365
=	45.1525					/	2129.175	*	365
=	7.74

Heng Hup 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
=	( (28.619	+	72.751)	/	2 )	/	1214.98	*	365 / 2
=	50.685					/	1214.98	*	365 / 2
=	7.61

Heng Hup Holdings Days Payable Related Terms

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Heng Hup Holdings (HKSE:01891) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Heng Hup Holdings Ltd (HKSE:01891) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 264, Jalan Satu A, Kampung Baru Subang, Shah Alam, MYS, 40150

Website

https://www.henghup.com

Heng Hup Holdings Ltd is a scrap ferrous metal trader in Malaysia. The company is mainly engaged in trading of scrap ferrous metals, used batteries, waste paper, and other scraps. Its only operating segment being trading of recycling materials. Geographically, it derives revenue from Malaysia.

Executives

Juan Sook Fong	2202 Interest of your spouse
Koo Lee Ching	2202 Interest of your spouse
Loh Hui Mei	2202 Interest of your spouse
Peong Ai Teen	2202 Interest of your spouse
Sia Keng Leong	2201 Interest of corporation controlled by you
Sia Kok Chin	2201 Interest of corporation controlled by you
Sia Kok Chong	2201 Interest of corporation controlled by you
Sia Kok Heong	2201 Interest of corporation controlled by you
Sia Kok Seng	2201 Interest of corporation controlled by you
Yang Mei Feng	2202 Interest of your spouse
5s Holdings (bvi) Limited	2101 Beneficial owner
Poon Ka Ho Stanley

Heng Hup Holdings (HKSE:01891) Headlines

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