Landrich Holding (HKSE:02132) Days Payable : 27.41 (As of Mar. 2024)

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What is Landrich Holding Days Payable?

Landrich Holding's average Accounts Payable for the six months ended in Mar. 2024 was HK$117 Mil. Landrich Holding's Cost of Goods Sold for the six months ended in Mar. 2024 was HK$779 Mil. Hence, Landrich Holding's Days Payable for the six months ended in Mar. 2024 was 27.41.

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

HKSE:02132' s Days Payable Range Over the Past 10 Years
Min: 24.35 Med: 39.54 Max: 47.1
Current: 28.59

During the past 9 years, Landrich Holding's highest Days Payable was 47.10. The lowest was 24.35. And the median was 39.54.

HKSE:02132's Days Payable is ranked worse than
90.04% of 1656 companies
in the Construction industry
Industry Median: 75.77 vs HKSE:02132: 28.59

Landrich Holding's Days Payable declined from Mar. 2023 (42.04) to Mar. 2024 (27.41). It may suggest that Landrich Holding accelerated paying its suppliers.

Landrich Holding Days Payable Historical Data

The historical data trend for Landrich 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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Landrich Holding Days Payable Chart

Landrich Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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43.04

43.22

35.67

47.10

36.41

Landrich Holding Semi-Annual Data
	Mar16	Mar17	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial										44.69	42.04	40.73	27.41	33.13

Competitive Comparison of Landrich Holding's Days Payable

For the Engineering & Construction subindustry, Landrich 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.

Landrich Holding's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Landrich Holding's Days Payable distribution charts can be found below:

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

Landrich 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.

Landrich Holding'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
=	( (124.554	+	132.005)	/	2 )	/	1285.854	*	365
=	128.2795					/	1285.854	*	365
=	36.41

Landrich Holding's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (101.845	+	132.005)	/	2 )	/	778.592	*	365 / 2
=	116.925					/	778.592	*	365 / 2
=	27.41

Landrich Holding Days Payable Related Terms

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Landrich Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Landrich Holding Ltd (HKSE:02132) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Sha Tsui Road, Unit 6, 18th Floor, Fortune Commercial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.landrich.com.hk

Landrich Holding Ltd is a construction company. It undertakes civil engineering works as either a main contractor or a subcontractor. The civil engineering projects can be broadly classified as roads and drainage works and site formation works. Further the company is also involved in the building works.

Executives

New Brilliance Enterprises Limited	2101 Beneficial owner
Tsui Kai Kwong	2201 Interest of corporation controlled by you
Wong Cheuk Mui	2202 Interest of your spouse

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