First Service Holding (HKSE:02107) Days Payable : 52.70 (As of Dec. 2023)

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What is First Service Holding Days Payable?

First Service Holding's average Accounts Payable for the six months ended in Dec. 2023 was HK$150 Mil. First Service Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$520 Mil. Hence, First Service Holding's Days Payable for the six months ended in Dec. 2023 was 52.70.

The historical rank and industry rank for First Service Holding's Days Payable or its related term are showing as below:

HKSE:02107' s Days Payable Range Over the Past 10 Years
Min: 32.51 Med: 43.5 Max: 55.58
Current: 54.78

During the past 7 years, First Service Holding's highest Days Payable was 55.58. The lowest was 32.51. And the median was 43.50.

HKSE:02107's Days Payable is ranked worse than
67.89% of 1579 companies
in the Real Estate industry
Industry Median: 98.03 vs HKSE:02107: 54.78

First Service Holding's Days Payable increased from Dec. 2022 (51.52) to Dec. 2023 (52.70). It may suggest that First Service Holding delayed paying its suppliers.

First Service Holding Days Payable Historical Data

The historical data trend for First Service Holding'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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First Service Holding Days Payable Chart

First Service Holding Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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32.51

40.83

43.50

53.70

55.58

First Service Holding Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						43.64	51.31	51.52	56.22	52.70

Competitive Comparison of First Service Holding's Days Payable

For the Real Estate Services subindustry, First Service Holding'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.

First Service Holding's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, First Service Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where First Service Holding's Days Payable falls into.

First Service Holding 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.

First Service Holding'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
=	( (146.043	+	155.863)	/	2 )	/	991.241	*	365
=	150.953					/	991.241	*	365
=	55.58

First Service Holding'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
=	( (144.397	+	155.863)	/	2 )	/	519.872	*	365 / 2
=	150.13					/	519.872	*	365 / 2
=	52.70

First Service Holding Days Payable Related Terms

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First Service Holding (HKSE:02107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » First Service Holding Ltd (HKSE:02107) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Xiangheyuan Road, Dongzhimenwai, 3rd Floor, Building 10, Wanguocheng MOMA, Dongcheng District, Beijing, CHN, 100028

Website

https://www.firstservice.hk

First Service Holding Ltd is a provider of property management services and green living solutions that cover the full property life cycle. The company's service portfolio is segregated into three business lines Property management services comprising cleaning, security, gardening and repair and maintenance; Green living solutions comprising energy operation services, green technology consulting services, systems installation services and sales of its AIRDINO systems; and Value-added services comprising parking space management services, communal area leasing services, sales assistance services, home living services, and preliminary planning and design consultancy.

Executives

Zhang Peng
Zhang Lei
Wang Yujuan
Yu Jinmei
Hao Feng Tou Zi You Xian Gong Si
Shi Jia Ji Tuan Kong Gu You Xian Gong Si
Printrust Company (singapore) Limited	2301 Trustee
Dinghui Equity Investment Management (tianjin) Company Limited	2201 Interest of corporation controlled by you
Tianjin Yongtai Fengze Investment Consulting Company Limited	2201 Interest of corporation controlled by you
Hangzhou Dinghui New Trend Equity Investment Partnership (limited Partnership)	2201 Interest of corporation controlled by you
Joy Riding Limited	2101 Beneficial owner
Joy Deep Limited	2101 Beneficial owner
Vistra Trust (hong Kong) Limited	2301 Trustee
View Max Limited	2101 Beneficial owner
Huang Shiying	2307 Founder of a discretionary trust who can infl

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