Howkingtech International Holding (HKSE:02440) Days Payable : 73.38 (As of Jun. 2023)

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What is Howkingtech International Holding Days Payable?

Howkingtech International Holding's average Accounts Payable for the six months ended in Jun. 2023 was HK$65.8 Mil. Howkingtech International Holding's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$163.6 Mil. Hence, Howkingtech International Holding's Days Payable for the six months ended in Jun. 2023 was 73.38.

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

HKSE:02440' s Days Payable Range Over the Past 10 Years
Min: 61.25 Med: 91.33 Max: 162.84
Current: 61.25

During the past 5 years, Howkingtech International Holding's highest Days Payable was 162.84. The lowest was 61.25. And the median was 91.33.

HKSE:02440's Days Payable is ranked worse than
68.7% of 345 companies
in the Telecommunication Services industry
Industry Median: 102.31 vs HKSE:02440: 61.25

Howkingtech International Holding's Days Payable declined from Jun. 2022 (95.16) to Jun. 2023 (73.38). It may suggest that Howkingtech International Holding accelerated paying its suppliers.

Howkingtech International Holding Days Payable Historical Data

The historical data trend for Howkingtech International 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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Howkingtech International Holding Days Payable Chart

Howkingtech International Holding Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

162.84

100.69

81.96

68.28

59.44

Howkingtech International Holding Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	95.16	58.40	73.38	54.06

Competitive Comparison of Howkingtech International Holding's Days Payable

For the Telecom Services subindustry, Howkingtech International 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.

Howkingtech International Holding's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Howkingtech International Holding's Days Payable distribution charts can be found below:

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

Howkingtech International 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.

Howkingtech International Holding's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (33.258	+	62.178)	/	2 )	/	255.073	*	365
=	47.718					/	255.073	*	365
=	68.28

Howkingtech International Holding's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (62.178	+	69.351)	/	2 )	/	163.565	*	365 / 2
=	65.7645					/	163.565	*	365 / 2
=	73.38

Howkingtech International Holding Days Payable Related Terms

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Howkingtech International Holding (HKSE:02440) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Howkingtech International Holding Ltd (HKSE:02440) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9, East Mozhou Road, Jiangning Economic and Technological Development Zone, Building B4, Nanjing, CHN

Website

http://www.howkingtech.com

Howkingtech International Holding Ltd is a provider for data transmission and processing services for IoT applications and telecommunication equipment in China, serving a broad range of industrial customers. It mainly provides customized data transmission and processing services to customers in manufacturing, municipal services and other industries in China, and research, develop and sell telecommunication equipment.

Executives

Wang Zheshi	2101 Beneficial owner
Chen Ping	2202 Interest of your spouse
Howkingtech Holding Limited	2101 Beneficial owner
Jin Yan	2201 Interest of corporation controlled by you
Ban Lifeng	2201 Interest of corporation controlled by you
Xie Xiongqing	2201 Interest of corporation controlled by you
Ye Xiang	2201 Interest of corporation controlled by you
Ding Di	2201 Interest of corporation controlled by you
Wu Chak Man	2101 Beneficial owner
Ning Bo Hui Xin Zhi Yuan Tou Zi Guan Li He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you
Ning Bo Xin Hui Qian Hai Gu Quan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Shang Hai Jin Yuan Zhang Fu Qi Ye Guan Li He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shen Zhen Hui Xin Qian Hai Gu Quan Tou Zi Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

Howkingtech International Holding (HKSE:02440) Headlines

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