Freetech Road Recycling Technology (Holdings) (HKSE:06888) Days Payable : 140.76 (As of Dec. 2023)

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What is Freetech Road Recycling Technology (Holdings) Days Payable?

Freetech Road Recycling Technology (Holdings)'s average Accounts Payable for the six months ended in Dec. 2023 was HK$224.7 Mil. Freetech Road Recycling Technology (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$291.3 Mil. Hence, Freetech Road Recycling Technology (Holdings)'s Days Payable for the six months ended in Dec. 2023 was 140.76.

The historical rank and industry rank for Freetech Road Recycling Technology (Holdings)'s Days Payable or its related term are showing as below:

HKSE:06888' s Days Payable Range Over the Past 10 Years
Min: 125.08 Med: 240.6 Max: 284.61
Current: 213.15

During the past 12 years, Freetech Road Recycling Technology (Holdings)'s highest Days Payable was 284.61. The lowest was 125.08. And the median was 240.60.

HKSE:06888's Days Payable is ranked better than
83.71% of 1602 companies
in the Construction industry
Industry Median: 75.99 vs HKSE:06888: 213.15

Freetech Road Recycling Technology (Holdings)'s Days Payable declined from Dec. 2022 (239.64) to Dec. 2023 (140.76). It may suggest that Freetech Road Recycling Technology (Holdings) accelerated paying its suppliers.

Freetech Road Recycling Technology (Holdings) Days Payable Historical Data

The historical data trend for Freetech Road Recycling Technology (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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Freetech Road Recycling Technology (Holdings) Days Payable Chart

Freetech Road Recycling Technology (Holdings) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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268.90

259.36

284.61

276.05

244.81

Freetech Road Recycling Technology (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															150.46	318.82	239.64	319.38	140.76

Competitive Comparison of Freetech Road Recycling Technology (Holdings)'s Days Payable

For the Infrastructure Operations subindustry, Freetech Road Recycling Technology (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.

Freetech Road Recycling Technology (Holdings)'s Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Freetech Road Recycling Technology (Holdings)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Freetech Road Recycling Technology (Holdings)'s Days Payable falls into.

Freetech Road Recycling Technology (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.

Freetech Road Recycling Technology (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
=	( (297.4	+	274.384)	/	2 )	/	426.256	*	365
=	285.892					/	426.256	*	365
=	244.81

Freetech Road Recycling Technology (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
=	( (174.976	+	274.384)	/	2 )	/	291.295	*	365 / 2
=	224.68					/	291.295	*	365 / 2
=	140.76

Freetech Road Recycling Technology (Holdings) Days Payable Related Terms

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Freetech Road Recycling Technology (Holdings) (HKSE:06888) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Freetech Road Recycling Technology (Holdings) Ltd (HKSE:06888) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

178 Gloucester Road, 29th Floor, Chinachem Century Tower, Wanchai, Hong Kong, HKG

Website

https://www.freetech-holdings.hk

Freetech Road Recycling Technology (Holdings) Ltd is an investment holding company engaged in the manufacturing and sale of road maintenance equipment and provision of road maintenance services in the People's Republic of China (the PRC). The operating segments of the group are APM service segment, where it provides APM services under the registered trademark (Road Doctor) to repair damaged asphalt pavement surfaces, and the APM equipment segment, where it manufactures and sells a wide range of APM equipment. It derives the majority of its revenue from APM Services. It has a business presence in Mainland China and other overseas markets.

Executives

Bank Of Communications Trustee Limited	2301 Trustee
Sze Wai Pan	2101 Beneficial owner
Freetech Technology Limited	2201 Interest of corporation controlled by you

Freetech Road Recycling Technology (Holdings) (HKSE:06888) Headlines

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