Casablanca Group (HKSE:02223) Days Payable : 150.13 (As of Dec. 2023)

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What is Casablanca Group Days Payable?

Casablanca Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$39.8 Mil. Casablanca Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$48.4 Mil. Hence, Casablanca Group's Days Payable for the six months ended in Dec. 2023 was 150.13.

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

HKSE:02223' s Days Payable Range Over the Past 10 Years
Min: 139.82 Med: 161.9 Max: 231.61
Current: 156.38

During the past 13 years, Casablanca Group's highest Days Payable was 231.61. The lowest was 139.82. And the median was 161.90.

HKSE:02223's Days Payable is ranked better than
88.46% of 1014 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.335 vs HKSE:02223: 156.38

Casablanca Group's Days Payable increased from Dec. 2022 (124.51) to Dec. 2023 (150.13). It may suggest that Casablanca Group delayed paying its suppliers.

Casablanca Group Days Payable Historical Data

The historical data trend for Casablanca 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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Casablanca Group Days Payable Chart

Casablanca Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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155.58

139.82

142.91

152.11

164.71

Casablanca Group Semi-Annual Data
	Jun14	Dec14	Jun15	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															117.19	150.97	124.51	154.53	150.13

Competitive Comparison of Casablanca Group's Days Payable

For the Textile Manufacturing subindustry, Casablanca 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.

Casablanca Group's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Casablanca Group's Days Payable distribution charts can be found below:

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

Casablanca 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.

Casablanca 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
=	( (38.626	+	44.364)	/	2 )	/	91.953	*	365
=	41.495					/	91.953	*	365
=	164.71

Casablanca 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
=	( (35.2	+	44.364)	/	2 )	/	48.359	*	365 / 2
=	39.782					/	48.359	*	365 / 2
=	150.13

Casablanca Group Days Payable Related Terms

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Casablanca Group (HKSE:02223) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Casablanca Group Ltd (HKSE:02223) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

9-13 Wong Chuk Yeung Street, 5th floor, Yan Hing Centre, Fotan, New Territories, Hong Kong, HKG

Website

http://www.casablanca.com.hk

Casablanca Group Ltd is engaged in the design, production, distribution and retailing of home textile products and accessories. The company sells products including bedding sets, quilts, pillows, blankets, mattresses, towels and other household items under Casablanca, Casa Calvin and CASA-V brands. The company has operations in Hong Kong and Macau, the People's Republic of China, and others. The majority of its revenue is derived from Hong Kong and Macau.

Executives

Cheng Sze Kin	2202 Interest of your spouse
Wong Pik Hung	2202 Interest of your spouse
Cheng Sze Tsan	2101 Beneficial owner

Casablanca Group (HKSE:02223) Headlines

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