Orange Tour Cultural Holding (HKSE:08627) Days Payable : 4.48 (As of Dec. 2023)

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What is Orange Tour Cultural Holding Days Payable?

Orange Tour Cultural Holding's average Accounts Payable for the three months ended in Dec. 2023 was HK$0.27 Mil. Orange Tour Cultural Holding's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$5.46 Mil. Hence, Orange Tour Cultural Holding's Days Payable for the three months ended in Dec. 2023 was 4.48.

The historical rank and industry rank for Orange Tour Cultural Holding's Days Payable or its related term are showing as below:

HKSE:08627' s Days Payable Range Over the Past 10 Years
Min: 10.34 Med: 51.66 Max: 94.71
Current: 34.5

During the past 8 years, Orange Tour Cultural Holding's highest Days Payable was 94.71. The lowest was 10.34. And the median was 51.66.

HKSE:08627's Days Payable is ranked worse than
75.6% of 922 companies
in the Media - Diversified industry
Industry Median: 81.555 vs HKSE:08627: 34.50

Orange Tour Cultural Holding's Days Payable declined from Dec. 2022 (17.29) to Dec. 2023 (4.48). It may suggest that Orange Tour Cultural Holding accelerated paying its suppliers.

Orange Tour Cultural Holding Days Payable Historical Data

The historical data trend for Orange Tour Cultural Holding'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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Orange Tour Cultural Holding Days Payable Chart

Orange Tour Cultural Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.04

67.76

35.76

50.92

10.34

Orange Tour Cultural Holding 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															17.29	12.38	86.21	201.08	4.48

Competitive Comparison of Orange Tour Cultural Holding's Days Payable

For the Advertising Agencies subindustry, Orange Tour Cultural Holding'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.

Orange Tour Cultural Holding's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Orange Tour Cultural Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Orange Tour Cultural Holding's Days Payable falls into.

Orange Tour Cultural Holding 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.

Orange Tour Cultural Holding'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
=	( (0.539	+	0.268)	/	2 )	/	14.242	*	365
=	0.4035					/	14.242	*	365
=	10.34

Orange Tour Cultural Holding'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	+	0.268)	/	1 )	/	5.455	*	365 / 4
=	0.268					/	5.455	*	365 / 4
=	4.48

Orange Tour Cultural Holding Days Payable Related Terms

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Orange Tour Cultural Holding (HKSE:08627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Orange Tour Cultural Holding Ltd (HKSE:08627) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Composite Building, Xiazhang Village, Yicheng Subdistrict, Jiangsu Province, Yixing, CHN

Website

http://www.otch.com.cn

Orange Tour Cultural Holding Ltd is a marketing services company. The company provides event management services; and design and production services. Its customer base includes government authorities, resident committees, state-owned enterprises, real estate corporations, automobile dealers, crafts companies, artists, and other corporate customers. The company acts as an event manager and provides planning for a variety of cultural, artistic, recreational, and corporate promotional events.

Executives

Carbon Neutral Technology (asia) Investment Holding Group Limited	2101 Beneficial owner
Zhang Shifang	2201 Interest of corporation controlled by you
Qy Investment Holding Limited	2101 Beneficial owner
Song Ruiqing	2201 Interest of corporation controlled by you
Zhou Yang	2201 Interest of corporation controlled by you
Fan Yajun	2201 Interest of corporation controlled by you
Sru Investment Limited	2101 Beneficial owner
Zhou Jianyuan	2202 Interest of your spouse

Orange Tour Cultural Holding (HKSE:08627) Headlines

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