Hang Yick Holdings Co (HKSE:01894) Days Payable : 14.95 (As of Sep. 2024)

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What is Hang Yick Holdings Co Days Payable?

Hang Yick Holdings Co's average Accounts Payable for the six months ended in Sep. 2024 was HK$6.4 Mil. Hang Yick Holdings Co's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$78.4 Mil. Hence, Hang Yick Holdings Co's Days Payable for the six months ended in Sep. 2024 was 14.95.

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

HKSE:01894' s Days Payable Range Over the Past 10 Years
Min: 7.44 Med: 12.86 Max: 18.97
Current: 13.48

During the past 9 years, Hang Yick Holdings Co's highest Days Payable was 18.97. The lowest was 7.44. And the median was 12.86.

HKSE:01894's Days Payable is ranked worse than
86.19% of 601 companies
in the Steel industry
Industry Median: 39.45 vs HKSE:01894: 13.48

Hang Yick Holdings Co's Days Payable increased from Sep. 2023 (7.45) to Sep. 2024 (14.95). It may suggest that Hang Yick Holdings Co delayed paying its suppliers.

Hang Yick Holdings Co Days Payable Historical Data

The historical data trend for Hang Yick Holdings Co'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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Hang Yick Holdings Co Days Payable Chart

Hang Yick Holdings Co Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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18.97

16.32

11.47

7.44

13.35

Hang Yick Holdings Co Semi-Annual Data
	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial												6.49	7.79	7.45	14.55	14.95

Competitive Comparison of Hang Yick Holdings Co's Days Payable

For the Steel subindustry, Hang Yick Holdings Co'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.

Hang Yick Holdings Co's Days Payable Distribution in the Steel Industry

For the Steel industry and Basic Materials sector, Hang Yick Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hang Yick Holdings Co's Days Payable falls into.

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Hang Yick Holdings Co 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.

Hang Yick Holdings Co's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (2.821	+	7.365)	/	2 )	/	139.202	*	365
=	5.093					/	139.202	*	365
=	13.35

Hang Yick Holdings Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (7.365	+	5.475)	/	2 )	/	78.376	*	365 / 2
=	6.42					/	78.376	*	365 / 2
=	14.95

Hang Yick Holdings Co Days Payable Related Terms

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Hang Yick Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Steel » Hang Yick Holdings Co Ltd (HKSE:01894) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

610 Cha Kwo Ling Road, 6th Floor, Sunray Industrial Centre, Yau Tong, Kowloon, hong Kong, HKG

Website

https://www.hy-engineering.com

Hang Yick Holdings Co Ltd is an investment holding company. It provides steel and metal engineering services ranging from the design, manufacture, supply, and installation of steel and metal products for construction projects in Hong Kong. It also sells its steel and metal products to customers. The company has two operating segments; Provision of steel and metal engineering services and Sales of steel and metal products. it derives a majority of its revenue from the Provision of steel and metal engineering services. The company operates in Mainland China and Hong Kong. It generates the majority of its revenue from Hong Kong.

Executives

Xu Ai Hua	2101 Beneficial owner
Xu Aihua	2101 Beneficial owner
Hy Steel Company Limited	2101 Beneficial owner
Lau Lai Ching	2201 Interest of corporation controlled by you
Lee Pui Sun	2201 Interest of corporation controlled by you

Hang Yick Holdings Co Headlines

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