Winning Tower Group Holdings (HKSE:08362) Days Payable : 32.26 (As of Dec. 2023)

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What is Winning Tower Group Holdings Days Payable?

Winning Tower Group Holdings's average Accounts Payable for the three months ended in Dec. 2023 was HK$5.7 Mil. Winning Tower Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$16.0 Mil. Hence, Winning Tower Group Holdings's Days Payable for the three months ended in Dec. 2023 was 32.26.

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

HKSE:08362' s Days Payable Range Over the Past 10 Years
Min: 23 Med: 28.41 Max: 38.8
Current: 25.62

During the past 9 years, Winning Tower Group Holdings's highest Days Payable was 38.80. The lowest was 23.00. And the median was 28.41.

HKSE:08362's Days Payable is ranked worse than
78.54% of 1785 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs HKSE:08362: 25.62

Winning Tower Group Holdings's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (32.26). It may suggest that Winning Tower Group Holdings delayed paying its suppliers.

Winning Tower Group Holdings Days Payable Historical Data

The historical data trend for Winning Tower 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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Winning Tower Group Holdings Days Payable Chart

Winning Tower Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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23.54

32.77

28.97

28.41

29.08

Winning Tower 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															-	22.64	19.87	19.53	32.26

Competitive Comparison of Winning Tower Group Holdings's Days Payable

For the Packaged Foods subindustry, Winning Tower 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.

Winning Tower Group Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Winning Tower Group Holdings's Days Payable distribution charts can be found below:

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

Winning Tower 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.

Winning Tower 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
=	( (3.619	+	5.664)	/	2 )	/	58.262	*	365
=	4.6415					/	58.262	*	365
=	29.08

Winning Tower 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	+	5.664)	/	1 )	/	16.02	*	365 / 4
=	5.664					/	16.02	*	365 / 4
=	32.26

Winning Tower Group Holdings Days Payable Related Terms

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Winning Tower Group Holdings (HKSE:08362) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Winning Tower Group Holdings Ltd (HKSE:08362) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

88 Lei Muk Road, Riley House, Unit 803, 8th Floor, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.wtgl.hk

Winning Tower Group Holdings Ltd is an investment holding company engaged in the processing and trading of raw, frozen and cooked food products, the provision of transportation services and the operation of a restaurant. The operating segments of the group are the Processing and trading of food products, which is the key revenue-generating segment; and Restaurant operation. The company derives prime revenue from Hong Kong.

Executives

Keyview Ventures Limited	2101 Beneficial owner
Ou Honglian	2201 Interest of corporation controlled by you
Zhong Yuhua	2201 Interest of corporation controlled by you

Winning Tower Group Holdings (HKSE:08362) Headlines

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