Maxicity Holdings (HKSE:02295) Days Payable : 79.76 (As of Dec. 2023)

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What is Maxicity Holdings Days Payable?

Maxicity Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$30.3 Mil. Maxicity Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$69.3 Mil. Hence, Maxicity Holdings's Days Payable for the six months ended in Dec. 2023 was 79.76.

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

HKSE:02295' s Days Payable Range Over the Past 10 Years
Min: 23.65 Med: 33.03 Max: 76.33
Current: 76.33

During the past 7 years, Maxicity Holdings's highest Days Payable was 76.33. The lowest was 23.65. And the median was 33.03.

HKSE:02295's Days Payable is ranked better than
50.72% of 1603 companies
in the Construction industry
Industry Median: 75.21 vs HKSE:02295: 76.33

Maxicity Holdings's Days Payable increased from Dec. 2022 (46.91) to Dec. 2023 (79.76). It may suggest that Maxicity Holdings delayed paying its suppliers.

Maxicity Holdings Days Payable Historical Data

The historical data trend for Maxicity Holdings'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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Maxicity Holdings Days Payable Chart

Maxicity Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.65

33.03

41.64

62.23

64.36

Maxicity Holdings Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							30.28	54.95	46.91	84.56	79.76

Competitive Comparison of Maxicity Holdings's Days Payable

For the Engineering & Construction subindustry, Maxicity Holdings'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.

Maxicity Holdings's Days Payable Distribution in the Construction Industry

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

* The bar in red indicates where Maxicity Holdings's Days Payable falls into.

Maxicity Holdings 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.

Maxicity Holdings'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
=	( (31.967	+	20.066)	/	2 )	/	147.543	*	365
=	26.0165					/	147.543	*	365
=	64.36

Maxicity Holdings'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
=	( (40.525	+	20.066)	/	2 )	/	69.316	*	365 / 2
=	30.2955					/	69.316	*	365 / 2
=	79.76

Maxicity Holdings Days Payable Related Terms

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Maxicity Holdings (HKSE:02295) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Maxicity Holdings Ltd (HKSE:02295) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 Granville Road, Harbour Crystal Centre, Unit 1A, 6th Floor, Tsim Sha Tsui, Hong Kong, HKG

Website

http://www.maxicity.com.hk

Maxicity Holdings Ltd is a slope works contractor in Hong Kong. The company's services include drilling and installation of soil nails; construction of retaining walls; installation of debris flow protection rigid barriers; construction of flexible barrier system; installation of raking drains; installation of wire meshes and mats for erosion control; construction of concrete maintenance stairway; and landscape softworks and establishment works. The group principally operates in Hong Kong.

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