Leadway Technology Investment Group (HKSE:02086) Days Payable : 63.13 (As of Jun. 2024)

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What is Leadway Technology Investment Group Days Payable?

Leadway Technology Investment Group's average Accounts Payable for the six months ended in Jun. 2024 was HK$7.83 Mil. Leadway Technology Investment Group's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$22.65 Mil. Hence, Leadway Technology Investment Group's Days Payable for the six months ended in Jun. 2024 was 63.13.

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

HKSE:02086' s Days Payable Range Over the Past 10 Years
Min: 39.33 Med: 56.87 Max: 84.72
Current: 67.62

During the past 13 years, Leadway Technology Investment Group's highest Days Payable was 84.72. The lowest was 39.33. And the median was 56.87.

HKSE:02086's Days Payable is ranked better than
63.93% of 912 companies
in the Business Services industry
Industry Median: 46.675 vs HKSE:02086: 67.62

Leadway Technology Investment Group's Days Payable declined from Jun. 2023 (68.26) to Jun. 2024 (63.13). It may suggest that Leadway Technology Investment Group accelerated paying its suppliers.

Leadway Technology Investment Group Days Payable Historical Data

The historical data trend for Leadway Technology Investment 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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Leadway Technology Investment Group Days Payable Chart

Leadway Technology Investment Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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52.49

39.64

51.07

77.28

81.48

Leadway Technology Investment Group Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															68.40	66.18	68.26	69.56	63.13

Competitive Comparison of Leadway Technology Investment Group's Days Payable

For the Security & Protection Services subindustry, Leadway Technology Investment 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.

Leadway Technology Investment Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Leadway Technology Investment Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Leadway Technology Investment Group's Days Payable falls into.

Leadway Technology Investment 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.

Leadway Technology Investment 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
=	( (10.161	+	6.338)	/	2 )	/	36.953	*	365
=	8.2495					/	36.953	*	365
=	81.48

Leadway Technology Investment Group'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
=	( (6.338	+	9.331)	/	2 )	/	22.649	*	365 / 2
=	7.8345					/	22.649	*	365 / 2
=	63.13

Leadway Technology Investment Group Days Payable Related Terms

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Leadway Technology Investment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Leadway Technology Investment Group Ltd (HKSE:02086) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Manhattan Place, 23 Wang Tai Road, Units 4108-4110, 41st Floor, Kowloon Bay, Hong Kong, HKG

Website

https://www.leadwayinv.com

Leadway Technology Investment Group Ltd is smart card reader supplier and is into the research and development of smart card operating systems and readers. The company is engaged in the financial technology and smart living business, which is for the development, sales and distribution of smart card products, software and hardware and the provision of smart card related services. Geographically, the company operates in Europe, Asia Pacific, The Americas and Middle East and Africa. It derives maximum revenue from Europe.

Executives

Mars Enterprise Holdings Limited	2201 Interest of corporation controlled by you
Megacore Development Limited	2101 Beneficial owner
Megacore International Innovation Limited	2201 Interest of corporation controlled by you
Zhang Xueqin	2201 Interest of corporation controlled by you
Zhong Zhao Investment Holdings Limited	2201 Interest of corporation controlled by you
Mai Zhaoping	2201 Interest of corporation controlled by you
Mars Development Limited	2101 Beneficial owner
Qiu Yong	2201 Interest of corporation controlled by you
Sun Speed Holdings Limited	2201 Interest of corporation controlled by you
Premium Financial Limited	2106 Person having a security interest in shares
Hna Ecotech Pioneer Acquisition	2101 Beneficial owner
Ci Hang Dong Xi Fang Wen Jiao Jiao Liu Ji Jin Hui You Xian Gong Si	2201 Interest of corporation controlled by you
Hai Nan Jiao Guan Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Hai Hang Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
Sheng Tang Fa Zhan You Xian Gong Si	2201 Interest of corporation controlled by you

Leadway Technology Investment Group Headlines

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