FAR International Holdings Group Co (HKSE:02516) Days Payable : 21.32 (As of Dec. 2023)

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What is FAR International Holdings Group Co Days Payable?

FAR International Holdings Group Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$162 Mil. FAR International Holdings Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,389 Mil. Hence, FAR International Holdings Group Co's Days Payable for the six months ended in Dec. 2023 was 21.32.

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

HKSE:02516' s Days Payable Range Over the Past 10 Years
Min: 14.05 Med: 16.39 Max: 25.47
Current: 21.11

During the past 4 years, FAR International Holdings Group Co's highest Days Payable was 25.47. The lowest was 14.05. And the median was 16.39.

HKSE:02516's Days Payable is ranked worse than
80.02% of 931 companies
in the Transportation industry
Industry Median: 39.08 vs HKSE:02516: 21.11

FAR International Holdings Group Co's Days Payable increased from Dec. 2022 (9.48) to Dec. 2023 (21.32). It may suggest that FAR International Holdings Group Co delayed paying its suppliers.

FAR International Holdings Group Co Days Payable Historical Data

The historical data trend for FAR International Holdings Group Co'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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FAR International Holdings Group Co Days Payable Chart

FAR International Holdings Group Co Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

16.34

16.44

14.05

25.47

FAR International Holdings Group Co Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	17.94	9.48	14.02	21.32

Competitive Comparison of FAR International Holdings Group Co's Days Payable

For the Integrated Freight & Logistics subindustry, FAR International Holdings Group Co'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.

FAR International Holdings Group Co's Days Payable Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, FAR International Holdings Group Co's Days Payable distribution charts can be found below:

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

FAR International Holdings Group Co 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.

FAR International Holdings Group Co'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
=	( (34.011	+	254.329)	/	2 )	/	2066.062	*	365
=	144.17					/	2066.062	*	365
=	25.47

FAR International Holdings Group Co'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
=	( (70.054	+	254.329)	/	2 )	/	1388.515	*	365 / 2
=	162.1915					/	1388.515	*	365 / 2
=	21.32

FAR International Holdings Group Co Days Payable Related Terms

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FAR International Holdings Group Co (HKSE:02516) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FAR International Holdings Group Co Ltd (HKSE:02516) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 22 Changcheng Street, Room 201, Hangzhou Cross-border e-commerce, Industrial Park, Gongshu District, Zhejiang Province, Hangzhou City, CHN

Website

FAR International Holdings Group Co Ltd is a cross-border e-commerce logistics service provider based in the PRC principally engaged in the provision of end-to-end cross-border logistics services.

Executives

Lao Minzhong	2202 Interest of your spouse
Wang Quan	2201 Interest of corporation controlled by you
Zi Yue Holdings Limited	2101 Beneficial owner
Ye Jianrong	2201 Interest of corporation controlled by you
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Hangzhou City Gongshu District State-owned Investment Holding Group Co., Ltd.	2201 Interest of corporation controlled by you
Hangzhou Gongshu State-owned Innovation Development Co., Ltd.	2201 Interest of corporation controlled by you
Gensis Far Holdings Limited	2101 Beneficial owner

FAR International Holdings Group Co (HKSE:02516) Headlines

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