Golden Faith Group Holdings (HKSE:02863) Days Payable : 28.80 (As of Sep. 2023)

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What is Golden Faith Group Holdings Days Payable?

Golden Faith Group Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$48.1 Mil. Golden Faith Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$304.9 Mil. Hence, Golden Faith Group Holdings's Days Payable for the six months ended in Sep. 2023 was 28.80.

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

HKSE:02863' s Days Payable Range Over the Past 10 Years
Min: 13.49 Med: 29.96 Max: 74.17
Current: 22.95

During the past 10 years, Golden Faith Group Holdings's highest Days Payable was 74.17. The lowest was 13.49. And the median was 29.96.

HKSE:02863's Days Payable is ranked worse than
93.34% of 1606 companies
in the Construction industry
Industry Median: 76.53 vs HKSE:02863: 22.95

Golden Faith Group Holdings's Days Payable increased from Sep. 2022 (17.14) to Sep. 2023 (28.80). It may suggest that Golden Faith Group Holdings delayed paying its suppliers.

Golden Faith Group Holdings Days Payable Historical Data

The historical data trend for Golden Faith 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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Golden Faith Group Holdings Days Payable Chart

Golden Faith Group Holdings Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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33.39

46.83

16.97

18.24

13.49

Golden Faith Group Holdings Semi-Annual Data
	Sep14	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial													17.24	17.14	23.61	28.80	16.17

Competitive Comparison of Golden Faith Group Holdings's Days Payable

For the Engineering & Construction subindustry, Golden Faith 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.

Golden Faith Group Holdings's Days Payable Distribution in the Construction Industry

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

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

Golden Faith 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.

Golden Faith Group Holdings's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (20.23	+	27.676)	/	2 )	/	648.195	*	365
=	23.953					/	648.195	*	365
=	13.49

Golden Faith Group Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (68.572	+	27.676)	/	2 )	/	304.947	*	365 / 2
=	48.124					/	304.947	*	365 / 2
=	28.80

Golden Faith Group Holdings Days Payable Related Terms

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Golden Faith Group Holdings (HKSE:02863) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Golden Faith Group Holdings Ltd (HKSE:02863) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9-11 Leighton Road, 15th Floor, Honest Building, Causeway Bay, Hong Kong, HKG

Website

http://www.goldenfaith.hk

Golden Faith Group Holdings Ltd is an investment holding company. The company's operating segment includes Electric and maintenance engineering services.

Executives

Ko Chun Hay Kelvin	2101 Beneficial owner
Yung On Wah	2101 Beneficial owner
Cheung Kam Fai	2101 Beneficial owner
Greatly Success Investment Trading Limited	2101 Beneficial owner

Golden Faith Group Holdings (HKSE:02863) Headlines

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