CPM Group (HKSE:01932) Days Payable : 266.94 (As of Dec. 2023)

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What is CPM Group Days Payable?

CPM Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$206.3 Mil. CPM Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$141.0 Mil. Hence, CPM Group's Days Payable for the six months ended in Dec. 2023 was 266.94.

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

HKSE:01932' s Days Payable Range Over the Past 10 Years
Min: 116.56 Med: 165.38 Max: 267.29
Current: 262.96

During the past 10 years, CPM Group's highest Days Payable was 267.29. The lowest was 116.56. And the median was 165.38.

HKSE:01932's Days Payable is ranked better than
96.68% of 1504 companies
in the Chemicals industry
Industry Median: 61.065 vs HKSE:01932: 262.96

CPM Group's Days Payable increased from Dec. 2022 (187.62) to Dec. 2023 (266.94). It may suggest that CPM Group delayed paying its suppliers.

CPM Group Days Payable Historical Data

The historical data trend for CPM Group'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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CPM Group Days Payable Chart

CPM Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.56

135.94

156.73

223.58

267.29

CPM Group Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial													148.54	225.33	187.62	255.71	266.94

Competitive Comparison of CPM Group's Days Payable

For the Specialty Chemicals subindustry, CPM Group'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.

CPM Group's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, CPM Group's Days Payable distribution charts can be found below:

* The bar in red indicates where CPM Group's Days Payable falls into.

CPM Group 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.

CPM Group'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
=	( (260.778	+	195.523)	/	2 )	/	311.548	*	365
=	228.1505					/	311.548	*	365
=	267.29

CPM Group'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
=	( (217.055	+	195.523)	/	2 )	/	141.033	*	365 / 2
=	206.289					/	141.033	*	365 / 2
=	266.94

CPM Group Days Payable Related Terms

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CPM Group (HKSE:01932) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » CPM Group Ltd (HKSE:01932) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

338 Hennessy Road, 31st Floor, CNT Tower, Wanchai, Hong Kong, HKG

Website

http://www.cpmgroup.com.hk

CPM Group Ltd is an investment holding company mainly engaged in the manufacture and sale of paint and coating products. The company has two reportable operating segments: the Paint Products segment which engages in the manufacture and sale of paint and coating products; and the Property Investment segment invests in industrial properties for their rental income potential. The company's principal products include industrial paint and coating products, architectural paint and coating products, general paint and coating, and ancillary products. It mainly distributes its products in the Mainland of China and Hong Kong markets. The group derives the majority of its revenue from Mainland China.

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