Jisheng Group Holdings (HKSE:08133) Days Payable : 217.76 (As of Dec. 2023)

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What is Jisheng Group Holdings Days Payable?

Jisheng Group Holdings's average Accounts Payable for the three months ended in Dec. 2023 was HK$5.95 Mil. Jisheng Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$2.49 Mil. Hence, Jisheng Group Holdings's Days Payable for the three months ended in Dec. 2023 was 217.76.

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

HKSE:08133' s Days Payable Range Over the Past 10 Years
Min: 41.09 Med: 78.74 Max: 133.5
Current: 91.25

During the past 10 years, Jisheng Group Holdings's highest Days Payable was 133.50. The lowest was 41.09. And the median was 78.74.

HKSE:08133's Days Payable is ranked better than
58.48% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs HKSE:08133: 91.25

Jisheng Group Holdings's Days Payable declined from Dec. 2022 (339.24) to Dec. 2023 (217.76). It may suggest that Jisheng Group Holdings accelerated paying its suppliers.

Jisheng Group Holdings Days Payable Historical Data

The historical data trend for Jisheng Group 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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Jisheng Group Holdings Days Payable Chart

Jisheng Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.25

41.09

81.22

133.50

107.70

Jisheng Group Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															339.24	94.38	58.22	59.13	217.76

Competitive Comparison of Jisheng Group Holdings's Days Payable

For the Metal Fabrication subindustry, Jisheng Group 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.

Jisheng Group Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Jisheng Group Holdings's Days Payable distribution charts can be found below:

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

Jisheng Group 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.

Jisheng Group 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
=	( (17.514	+	5.947)	/	2 )	/	39.754	*	365
=	11.7305					/	39.754	*	365
=	107.70

Jisheng Group 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	5.947)	/	1 )	/	2.492	*	365 / 4
=	5.947					/	2.492	*	365 / 4
=	217.76

Jisheng Group Holdings Days Payable Related Terms

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Jisheng Group Holdings (HKSE:08133) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Jisheng Group Holdings Ltd (HKSE:08133) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

55 Connaught Road West, 8/F, Wui Tat Centre, Hong Kong, HKG

Website

https://www.solomon-worldwide.com

Jisheng Group Holdings Ltd Formerly Solomon Worldwide Holdings Ltd is an investment holding company. The company's operating segment includes Metal casting and Financial printing. The metal casting products consist of pump components, valve components, filter components, and food machinery components, which are made of stainless steel, carbon steel, bronze, and/or grey iron. The financial printing segment provides typesetting, translation, cover and layout design, printing and binding, distribution, and media placement services in relation to the financial reports, announcements, shareholders circulars, and IPO prospectuses, for its customers. It generates maximum revenue from the metal casting segment. Geographically, it derives a majority of its revenue from Germany.

Executives

Woo Lan Ying	2101 Beneficial owner
Cheung Siu Wo	2101 Beneficial owner
Ling Pui Chi	2101 Beneficial owner
Li Kwok Fan	2101 Beneficial owner
Fang Jinhuo	2101 Beneficial owner
Chung Hon Man	2101 Beneficial owner

Jisheng Group Holdings (HKSE:08133) Headlines

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