Icon Culture Global Co (HKSE:08500) Days Payable : 263.88 (As of Sep. 2023)

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What is Icon Culture Global Co Days Payable?

Icon Culture Global Co's average Accounts Payable for the three months ended in Sep. 2023 was HK$17.22 Mil. Icon Culture Global Co's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$5.96 Mil. Hence, Icon Culture Global Co's Days Payable for the three months ended in Sep. 2023 was 263.88.

The historical rank and industry rank for Icon Culture Global Co's Days Payable or its related term are showing as below:

HKSE:08500' s Days Payable Range Over the Past 10 Years
Min: 27.79 Med: 155.99 Max: 266.25
Current: 263.71

During the past 7 years, Icon Culture Global Co's highest Days Payable was 266.25. The lowest was 27.79. And the median was 155.99.

HKSE:08500's Days Payable is ranked better than
82.6% of 931 companies
in the Media - Diversified industry
Industry Median: 79.27 vs HKSE:08500: 263.71

Icon Culture Global Co's Days Payable declined from Sep. 2022 (306.85) to Sep. 2023 (263.88). It may suggest that Icon Culture Global Co accelerated paying its suppliers.

Icon Culture Global Co Days Payable Historical Data

The historical data trend for Icon Culture Global Co'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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Icon Culture Global Co Days Payable Chart

Icon Culture Global Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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129.02

181.60

155.99

197.00

266.25

Icon Culture Global Co 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															191.49	164.08	293.17	263.88	1,791.47

Competitive Comparison of Icon Culture Global Co's Days Payable

For the Advertising Agencies subindustry, Icon Culture Global Co'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.

Icon Culture Global Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Icon Culture Global Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Icon Culture Global Co's Days Payable falls into.

Icon Culture Global Co 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.

Icon Culture Global Co'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
=	( (20.889	+	13.036)	/	2 )	/	23.254	*	365
=	16.9625					/	23.254	*	365
=	266.25

Icon Culture Global Co'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
=	( (17.224	+	0)	/	1 )	/	5.956	*	365 / 4
=	17.224					/	5.956	*	365 / 4
=	263.88

Icon Culture Global Co Days Payable Related Terms

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Icon Culture Global Co (HKSE:08500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Icon Culture Global Co Ltd (HKSE:08500) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 62 Jinsui Road, 29th Floor, Kingold Century, Zhujiang New Town, Tianhe District, Guangzhou Province, CHN

Website

https://www.iconspace.com

Icon Culture Global Co Ltd is a multimedia advertising and marketing solution service provider in China. The company provides advertising and marketing solutions covering traditional offline media including both OOH and indoor advertising platforms; online media; public relations, marketing campaigns, and other services to its customers that consist of brand owners, state-owned entities in China, advertising agencies, and government authorities. Its integrated multimedia advertising and marketing solution services are focused on the formulation of advertising strategies for its customers and identifying and sourcing the appropriate advertising resources and formats to maximize the effectiveness of its customers' advertisements.

Executives

Chow Eric Tse To	2201 Interest of corporation controlled by you
Shining Icon (bvi) Limited	2101 Beneficial owner
Cai Xiaoshan	2201 Interest of corporation controlled by you
Focus Wonder Limited	2101 Beneficial owner
Lau Tung Hei Derek	2201 Interest of corporation controlled by you
Master Connection Limited	2101 Beneficial owner
China Hui Shang Enterpriser Association International Group Limited	2101 Beneficial owner
Capital Realm Financial Holdings Limited	2101 Beneficial owner
Sense One Limited	2101 Beneficial owner

Icon Culture Global Co (HKSE:08500) Headlines

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