CM Hi-Tech Cleanroom (HKSE:02115) Days Payable : 78.61 (As of Dec. 2023)

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What is CM Hi-Tech Cleanroom Days Payable?

CM Hi-Tech Cleanroom's average Accounts Payable for the six months ended in Dec. 2023 was HK$71.2 Mil. CM Hi-Tech Cleanroom's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$165.2 Mil. Hence, CM Hi-Tech Cleanroom's Days Payable for the six months ended in Dec. 2023 was 78.61.

The historical rank and industry rank for CM Hi-Tech Cleanroom's Days Payable or its related term are showing as below:

HKSE:02115' s Days Payable Range Over the Past 10 Years
Min: 71.74 Med: 111.49 Max: 124.04
Current: 98.77

During the past 7 years, CM Hi-Tech Cleanroom's highest Days Payable was 124.04. The lowest was 71.74. And the median was 111.49.

HKSE:02115's Days Payable is ranked better than
62.33% of 1606 companies
in the Construction industry
Industry Median: 76.4 vs HKSE:02115: 98.77

CM Hi-Tech Cleanroom's Days Payable declined from Dec. 2022 (120.27) to Dec. 2023 (78.61). It may suggest that CM Hi-Tech Cleanroom accelerated paying its suppliers.

CM Hi-Tech Cleanroom Days Payable Historical Data

The historical data trend for CM Hi-Tech Cleanroom'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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CM Hi-Tech Cleanroom Days Payable Chart

CM Hi-Tech Cleanroom Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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75.76

119.12

124.04

81.04

111.49

CM Hi-Tech Cleanroom Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						87.02	90.32	120.27	114.91	78.61

Competitive Comparison of CM Hi-Tech Cleanroom's Days Payable

For the Building Products & Equipment subindustry, CM Hi-Tech Cleanroom'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.

CM Hi-Tech Cleanroom's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, CM Hi-Tech Cleanroom's Days Payable distribution charts can be found below:

* The bar in red indicates where CM Hi-Tech Cleanroom's Days Payable falls into.

CM Hi-Tech Cleanroom 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.

CM Hi-Tech Cleanroom'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
=	( (73.987	+	88.801)	/	2 )	/	266.477	*	365
=	81.394					/	266.477	*	365
=	111.49

CM Hi-Tech Cleanroom'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
=	( (53.529	+	88.801)	/	2 )	/	165.213	*	365 / 2
=	71.165					/	165.213	*	365 / 2
=	78.61

CM Hi-Tech Cleanroom Days Payable Related Terms

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CM Hi-Tech Cleanroom (HKSE:02115) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » CM Hi-Tech Cleanroom Ltd (HKSE:02115) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lot P.T. 14274, Jalan SU8, Persiaran Tengku Ampuan, Shah Alam, SGR, MYS, 40400

Website

https://www.channelmicron.com

CM Hi-Tech Cleanroom Ltd Formerly Channel Micron Holdings Co Ltd is a cleanroom wall and ceiling systems and cleanroom equipment provider. The company provides a range of cleanroom products and services, including the development, production and installation of cleanroom wall and ceiling systems, and cleanroom equipment such as fan filter units (which filter and regulate airflow in a cleanroom), air showers, pass boxes and HEPA filters. Its segments include Cleanroom wall and ceiling systems, which is the key revenue-generating segment; Cleanroom equipment; and others. It has a business presence in the PRC, Malaysia, the Philippines, Singapore and others. A majority of revenue is derived from the PRC.

Executives

Ng Yew Sum	2101 Beneficial owner
Bockmiller Douglas Frederick	2101 Beneficial owner
Chia Francis Mong Tet	2101 Beneficial owner
Dbs Trustee Limited	2301 Trustee
Bockmiller Lauren Lindquist	2307 Founder of a discretionary trust who can infl
Yap Fui Lee	2202 Interest of your spouse
Chia Mong Tet, Francis	2101 Beneficial owner
Yau Ah Lan	2202 Interest of your spouse

CM Hi-Tech Cleanroom (HKSE:02115) Headlines

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