Sunray Engineering Group (HKSE:08616) Days Payable : 62.54 (As of Mar. 2024)

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What is Sunray Engineering Group Days Payable?

Sunray Engineering Group's average Accounts Payable for the three months ended in Mar. 2024 was HK$19.5 Mil. Sunray Engineering Group's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$28.5 Mil. Hence, Sunray Engineering Group's Days Payable for the three months ended in Mar. 2024 was 62.54.

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

HKSE:08616' s Days Payable Range Over the Past 10 Years
Min: 44.85 Med: 56.63 Max: 73.93
Current: 62.16

During the past 7 years, Sunray Engineering Group's highest Days Payable was 73.93. The lowest was 44.85. And the median was 56.63.

HKSE:08616's Days Payable is ranked worse than
60.67% of 1645 companies
in the Construction industry
Industry Median: 75.38 vs HKSE:08616: 62.16

Sunray Engineering Group's Days Payable increased from Mar. 2023 (51.95) to Mar. 2024 (62.54). It may suggest that Sunray Engineering Group delayed paying its suppliers.

Sunray Engineering Group Days Payable Historical Data

The historical data trend for Sunray Engineering Group'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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Sunray Engineering Group Days Payable Chart

Sunray Engineering Group Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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53.82

73.93

56.63

44.85

64.40

Sunray Engineering Group Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															51.95	68.42	50.19	65.19	62.54

Competitive Comparison of Sunray Engineering Group's Days Payable

For the Engineering & Construction subindustry, Sunray Engineering Group'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.

Sunray Engineering Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Sunray Engineering Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Sunray Engineering Group's Days Payable falls into.

Sunray Engineering Group 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.

Sunray Engineering Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (21.756	+	19.531)	/	2 )	/	117.003	*	365
=	20.6435					/	117.003	*	365
=	64.40

Sunray Engineering Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (0	+	19.531)	/	1 )	/	28.496	*	365 / 4
=	19.531					/	28.496	*	365 / 4
=	62.54

Sunray Engineering Group Days Payable Related Terms

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Sunray Engineering Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Sunray Engineering Group Ltd (HKSE:08616) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

501-503 Castle Peak Road, 5/F, International Industrial Building, Kowloon, Hong Kong, HKG

Website

https://www.sunray.com.hk

Sunray Engineering Group Ltd is an investment holding company. The company's operating segment includes the Provision of building protection works and the Supply of building protection products. The company generates maximum revenue from the Provision of building protection works segment. The company's building protection works focus on waterproofing works, and are complemented by flooring works and joint sealant works. Geographically, the company derives a majority of revenue from Hong Kong and also has a presence in Macau.

Executives

Ultra Success Industries Limited	2101 Beneficial owner
Lam Ka Wing	2201 Interest of corporation controlled by you
Wong Pui Yee Edith	2202 Interest of your spouse

Sunray Engineering Group Headlines

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