Plus Group Holdings (HKSE:02486) Days Payable : 35.35 (As of Dec. 2023)

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What is Plus Group Holdings Days Payable?

Plus Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$60.8 Mil. Plus Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$313.9 Mil. Hence, Plus Group Holdings's Days Payable for the six months ended in Dec. 2023 was 35.35.

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

HKSE:02486' s Days Payable Range Over the Past 10 Years
Min: 25.54 Med: 54.32 Max: 66.68
Current: 31.68

During the past 4 years, Plus Group Holdings's highest Days Payable was 66.68. The lowest was 25.54. And the median was 54.32.

HKSE:02486's Days Payable is ranked worse than
78.43% of 927 companies
in the Media - Diversified industry
Industry Median: 79.27 vs HKSE:02486: 31.68

Plus Group Holdings's Days Payable declined from Dec. 2022 (36.04) to Dec. 2023 (35.35). It may suggest that Plus Group Holdings accelerated paying its suppliers.

Plus Group Holdings Days Payable Historical Data

The historical data trend for Plus Group 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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Plus Group Holdings Days Payable Chart

Plus Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

66.68

66.67

41.96

25.54

Plus Group Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	48.20	36.04	34.26	35.35

Competitive Comparison of Plus Group Holdings's Days Payable

For the Advertising Agencies subindustry, Plus Group 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.

Plus Group Holdings's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Plus Group Holdings's Days Payable distribution charts can be found below:

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

Plus Group 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.

Plus Group 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
=	( (58.143	+	38.441)	/	2 )	/	690.269	*	365
=	48.292					/	690.269	*	365
=	25.54

Plus Group 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
=	( (83.177	+	38.441)	/	2 )	/	313.911	*	365 / 2
=	60.809					/	313.911	*	365 / 2
=	35.35

Plus Group Holdings Days Payable Related Terms

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Plus Group Holdings (HKSE:02486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Plus Group Holdings Inc (HKSE:02486) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 652 Changshou Road, 2nd Floor–3rd Floor, Building 6, Putuo, Shanghai, CHN

Website

https://www.plscn.com

Plus Group Holdings Inc is an established digitalized sales and marketing service provider, primarily focusing on market-leading FMCG brand owners. Its services aim at digitalizing and systemizing offline commerce. The company offers four types of services, including (i) on-site solution; (ii) field force assignment; (iii) matching service; and (iv) SaaS+ subscription. Its service network has extensive coverage in terms of the scale of customers, geographical locations and types of tasks. The majority of revenue is derived from the On-site solution services. The on-site solution offers solution services for customized sales and marketing activities with the set up of offline venues and event materials.

Plus Group Holdings (HKSE:02486) Headlines

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