Kam Hing International Holdings (HKSE:02307) Days Payable : 72.26 (As of Jun. 2024)

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What is Kam Hing International Holdings Days Payable?

Kam Hing International Holdings's average Accounts Payable for the six months ended in Jun. 2024 was HK$639 Mil. Kam Hing International Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$1,613 Mil. Hence, Kam Hing International Holdings's Days Payable for the six months ended in Jun. 2024 was 72.26.

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

HKSE:02307' s Days Payable Range Over the Past 10 Years
Min: 61.51 Med: 67.87 Max: 92.42
Current: 64.46

During the past 13 years, Kam Hing International Holdings's highest Days Payable was 92.42. The lowest was 61.51. And the median was 67.87.

HKSE:02307's Days Payable is ranked better than
57.09% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.01 vs HKSE:02307: 64.46

Kam Hing International Holdings's Days Payable increased from Jun. 2023 (54.52) to Jun. 2024 (72.26). It may suggest that Kam Hing International Holdings delayed paying its suppliers.

Kam Hing International Holdings Days Payable Historical Data

The historical data trend for Kam Hing International 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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Kam Hing International Holdings Days Payable Chart

Kam Hing International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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70.15

78.68

78.45

62.30

61.51

Kam Hing International Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															57.02	46.79	54.52	61.77	72.26

Competitive Comparison of Kam Hing International Holdings's Days Payable

For the Textile Manufacturing subindustry, Kam Hing International 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.

Kam Hing International Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Kam Hing International Holdings's Days Payable falls into.

Kam Hing International 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.

Kam Hing International 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
=	( (436.47	+	678.829)	/	2 )	/	3309.18	*	365
=	557.6495					/	3309.18	*	365
=	61.51

Kam Hing International Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (678.829	+	598.434)	/	2 )	/	1613.029	*	365 / 2
=	638.6315					/	1613.029	*	365 / 2
=	72.26

Kam Hing International Holdings Days Payable Related Terms

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Kam Hing International Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Kam Hing International Holdings Ltd (HKSE:02307) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Unit A, 23rd Floor, TML Tower, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.kamhingintl.com

Kam Hing International Holdings Ltd is a textile manufacturing company. It is engaged in marketing and sales, research and development, production processes including knitting, fabric dyeing, and yarn dyeing, and final processing, such as setting and pre-shrinking. The company's segment based on products and services includes Fabric products, Garment products, and Other segments. Its fabric products segment is involved in the production and sale of knitted fabric and dyed yarn and the provision related to subcontracting services. It generates maximum revenue from the Fabric products segment. Geographically, it derives a majority of its revenue from Korea and has a presence in Mainland China, Vietnam, Hong Kong, Taiwan, Singapore, the United States, and Other Countries.

Kam Hing International Holdings Headlines

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