Ching Lee Holdings (HKSE:03728) Days Payable : 91.41 (As of Sep. 2024)

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What is Ching Lee Holdings Days Payable?

Ching Lee Holdings's average Accounts Payable for the six months ended in Sep. 2024 was HK$267 Mil. Ching Lee Holdings's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$534 Mil. Hence, Ching Lee Holdings's Days Payable for the six months ended in Sep. 2024 was 91.41.

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

HKSE:03728' s Days Payable Range Over the Past 10 Years
Min: 67.09 Med: 91.2 Max: 123.86
Current: 101.4

During the past 11 years, Ching Lee Holdings's highest Days Payable was 123.86. The lowest was 67.09. And the median was 91.20.

HKSE:03728's Days Payable is ranked better than
62.83% of 1668 companies
in the Construction industry
Industry Median: 77.24 vs HKSE:03728: 101.40

Ching Lee Holdings's Days Payable declined from Sep. 2023 (122.61) to Sep. 2024 (91.41). It may suggest that Ching Lee Holdings accelerated paying its suppliers.

Ching Lee Holdings Days Payable Historical Data

The historical data trend for Ching Lee 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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Ching Lee Holdings Days Payable Chart

Ching Lee Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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69.28

89.43

112.37

121.75

123.86

Ching Lee Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															118.73	104.41	122.61	113.38	91.41

Competitive Comparison of Ching Lee Holdings's Days Payable

For the Engineering & Construction subindustry, Ching Lee 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.

Ching Lee Holdings's Days Payable Distribution in the Construction Industry

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

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

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Ching Lee 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.

Ching Lee Holdings's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (298.999	+	257.592)	/	2 )	/	820.107	*	365
=	278.2955					/	820.107	*	365
=	123.86

Ching Lee Holdings's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (257.592	+	277.123)	/	2 )	/	533.779	*	365 / 2
=	267.3575					/	533.779	*	365 / 2
=	91.41

Ching Lee Holdings Days Payable Related Terms

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Ching Lee Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ching Lee Holdings Ltd (HKSE:03728) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Shanghai Street, Room 203-204, 2nd Floor, Hang Bong Commercial Centre, Jordan, Kowloon, Hong Kong, HKG

Website

https://www.chingleeholdings.com

Ching Lee Holdings Ltd is an investment holding company. It is engaged in providing substructure building works services, superstructure building works services, and repair, maintenance, alteration, and addition works services. Substructure building works refer to building works about the parts of the structure below or above the ground level respectively while the repair, maintenance, alteration, and addition work services segment accounts for existing structing. The superstructure works projects consist of demolition and hoarding, site formation and foundation work and the RMAA works services segment. The majority of the company's revenue comes from the superstructure building work services. The group is based in Hong Kong.

Executives

Ng Choi Wah

2101 Beneficial owner

Ching Lee Holdings Headlines

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