EFT Solutions Holdings (HKSE:08062) Days Payable : 65.77 (As of Sep. 2023)

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What is EFT Solutions Holdings Days Payable?

EFT Solutions Holdings's average Accounts Payable for the three months ended in Sep. 2023 was HK$11.2 Mil. EFT Solutions Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$15.6 Mil. Hence, EFT Solutions Holdings's Days Payable for the three months ended in Sep. 2023 was 65.77.

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

HKSE:08062' s Days Payable Range Over the Past 10 Years
Min: 8.63 Med: 15.58 Max: 36.55
Current: 36.55

During the past 9 years, EFT Solutions Holdings's highest Days Payable was 36.55. The lowest was 8.63. And the median was 15.58.

HKSE:08062's Days Payable is ranked worse than
60.21% of 2531 companies
in the Software industry
Industry Median: 50.16 vs HKSE:08062: 36.55

EFT Solutions Holdings's Days Payable increased from Sep. 2022 (31.41) to Sep. 2023 (65.77). It may suggest that EFT Solutions Holdings delayed paying its suppliers.

EFT Solutions Holdings Days Payable Historical Data

The historical data trend for EFT Solutions 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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EFT Solutions Holdings Days Payable Chart

EFT Solutions Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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26.77

13.73

8.63

26.85

27.79

EFT Solutions Holdings Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															31.41	28.68	11.26	15.21	65.77

Competitive Comparison of EFT Solutions Holdings's Days Payable

For the Software - Infrastructure subindustry, EFT Solutions 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.

EFT Solutions Holdings's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, EFT Solutions Holdings's Days Payable distribution charts can be found below:

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

EFT Solutions 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.

EFT Solutions Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (7.73	+	2.096)	/	2 )	/	64.54	*	365
=	4.913					/	64.54	*	365
=	27.79

EFT Solutions 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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	11.235)	/	1 )	/	15.587	*	365 / 4
=	11.235					/	15.587	*	365 / 4
=	65.77

EFT Solutions Holdings Days Payable Related Terms

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EFT Solutions Holdings (HKSE:08062) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » EFT Solutions Holdings Ltd (HKSE:08062) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

28-36 Kwai Fung Crescent, Workshops B1 & B3, 11th Floor, Yip Fung Industrial Building, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.eftsolutions.com

EFT Solutions Holdings Ltd is engaged in the sourcing of electronic fund transfer point-of-sale (EFT-POS) solution providers focusing on the sourcing of EFT-POS terminals and peripheral devices and the provision of EFT-POS system support services in Hong Kong. Its segments consist of Sales of hardware devices, System support and software solution services. The majority of the revenue is derived from the provision of system support, software solution services, POS software solutions services and embedded system solution services.

Executives

Lam Ching Man	2202 Interest of your spouse
Lo Chun Kit Andrew	2101 Beneficial owner
Lck Group Limited	2101 Beneficial owner

EFT Solutions Holdings (HKSE:08062) Headlines

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