Clifford Modern Living Holdings (HKSE:03686) Days Payable : 64.74 (As of Dec. 2023)

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What is Clifford Modern Living Holdings Days Payable?

Clifford Modern Living Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$35.9 Mil. Clifford Modern Living Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$101.1 Mil. Hence, Clifford Modern Living Holdings's Days Payable for the six months ended in Dec. 2023 was 64.74.

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

HKSE:03686' s Days Payable Range Over the Past 10 Years
Min: 48.55 Med: 83.42 Max: 246.45
Current: 76.3

During the past 11 years, Clifford Modern Living Holdings's highest Days Payable was 246.45. The lowest was 48.55. And the median was 83.42.

HKSE:03686's Days Payable is ranked better than
81.82% of 308 companies
in the Retail - Defensive industry
Industry Median: 43.455 vs HKSE:03686: 76.30

Clifford Modern Living Holdings's Days Payable declined from Dec. 2022 (78.92) to Dec. 2023 (64.74). It may suggest that Clifford Modern Living Holdings accelerated paying its suppliers.

Clifford Modern Living Holdings Days Payable Historical Data

The historical data trend for Clifford Modern Living 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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Clifford Modern Living Holdings Days Payable Chart

Clifford Modern Living Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.00

84.16

87.53

96.42

80.23

Clifford Modern Living Holdings Semi-Annual Data
	Dec13	Dec14	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														87.60	81.08	78.92	84.30	64.74

Competitive Comparison of Clifford Modern Living Holdings's Days Payable

For the Grocery Stores subindustry, Clifford Modern Living 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.

Clifford Modern Living Holdings's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Clifford Modern Living Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Clifford Modern Living Holdings's Days Payable falls into.

Clifford Modern Living 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.

Clifford Modern Living 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
=	( (52.734	+	34.507)	/	2 )	/	198.436	*	365
=	43.6205					/	198.436	*	365
=	80.23

Clifford Modern Living 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
=	( (37.207	+	34.507)	/	2 )	/	101.077	*	365 / 2
=	35.857					/	101.077	*	365 / 2
=	64.74

Clifford Modern Living Holdings Days Payable Related Terms

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Clifford Modern Living Holdings (HKSE:03686) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Clifford Modern Living Holdings Ltd (HKSE:03686) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8 Shiguang Road, Panyu, Guangdong, Guangzhou, CHN, 511496

Website

http://www.cliffordmodernliving.com

Clifford Modern Living Holdings Ltd is an investment holding company. The group is engaged in the provision of services to residents in properties developed under the brand name Clifford, including retail services, catering services, property management services, laundry services, off-campus training services, property agency services, employment placement services, information technology services, renovation and fitting-out services, in the PRC Mainland. It is a diversified service portfolio comprising six main service segments; Property management services, Renovation and fitting-out services, Retail services, Off-campus training services, Information technology services and Ancillary Living Services.

Clifford Modern Living Holdings (HKSE:03686) Headlines

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