Hengdeli Holdings (HKSE:03389) Days Payable : 34.37 (As of Dec. 2023)

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What is Hengdeli Holdings Days Payable?

Hengdeli Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$131 Mil. Hengdeli Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$694 Mil. Hence, Hengdeli Holdings's Days Payable for the six months ended in Dec. 2023 was 34.37.

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

HKSE:03389' s Days Payable Range Over the Past 10 Years
Min: 23.88 Med: 42.98 Max: 294.61
Current: 36.41

During the past 13 years, Hengdeli Holdings's highest Days Payable was 294.61. The lowest was 23.88. And the median was 42.98.

HKSE:03389's Days Payable is ranked worse than
73.56% of 469 companies
in the Conglomerates industry
Industry Median: 58.29 vs HKSE:03389: 36.41

Hengdeli Holdings's Days Payable declined from Dec. 2022 (44.85) to Dec. 2023 (34.37). It may suggest that Hengdeli Holdings accelerated paying its suppliers.

Hengdeli Holdings Days Payable Historical Data

The historical data trend for Hengdeli 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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Hengdeli Holdings Days Payable Chart

Hengdeli Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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29.81

23.88

37.85

45.64

40.31

Hengdeli Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															46.84	38.61	44.85	34.55	34.37

Competitive Comparison of Hengdeli Holdings's Days Payable

For the Conglomerates subindustry, Hengdeli 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.

Hengdeli Holdings's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hengdeli Holdings's Days Payable distribution charts can be found below:

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

Hengdeli 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.

Hengdeli 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
=	( (133.298	+	158.139)	/	2 )	/	1319.304	*	365
=	145.7185					/	1319.304	*	365
=	40.31

Hengdeli 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
=	( (103.354	+	158.139)	/	2 )	/	694.197	*	365 / 2
=	130.7465					/	694.197	*	365 / 2
=	34.37

Hengdeli Holdings Days Payable Related Terms

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Hengdeli Holdings (HKSE:03389) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hengdeli Holdings Ltd (HKSE:03389) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

XYUA:Germany

Address

28 Canton Road, Room 301, 3rd Floor, Lippo Sun Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.hengdeligroup.com

Hengdeli Holdings Ltd is primarily engaged in the retail and trading of watches and jewellery with comprehensive related customer services and maintenance, manufacturing of watch accessories, provision of shop design and decoration service, and trading of iron ore. The operating segments of the group are High-end consuming accessories; Watches retail and trading and Commodity trading. It has a business presence mainly in Mainland China, Hong Kong, Taiwan, and Malaysia.

Hengdeli Holdings (HKSE:03389) Headlines

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