KGBLY (Kingboard Laminates Holdings) Days Payable : 32.03 (As of Jun. 2024)

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What is Kingboard Laminates Holdings Days Payable?

Kingboard Laminates Holdings's average Accounts Payable for the six months ended in Jun. 2024 was $156 Mil. Kingboard Laminates Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $888 Mil. Hence, Kingboard Laminates Holdings's Days Payable for the six months ended in Jun. 2024 was 32.03.

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

KGBLY' s Days Payable Range Over the Past 10 Years
Min: 28.87 Med: 35.98 Max: 41.39
Current: 31.94

During the past 13 years, Kingboard Laminates Holdings's highest Days Payable was 41.39. The lowest was 28.87. And the median was 35.98.

KGBLY's Days Payable is ranked worse than
85.35% of 2409 companies
in the Hardware industry
Industry Median: 68.75 vs KGBLY: 31.94

Kingboard Laminates Holdings's Days Payable declined from Jun. 2023 (36.71) to Jun. 2024 (32.03). It may suggest that Kingboard Laminates Holdings accelerated paying its suppliers.

Kingboard Laminates Holdings Days Payable Historical Data

The historical data trend for Kingboard Laminates 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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Kingboard Laminates Holdings Days Payable Chart

Kingboard Laminates Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.63

41.25

28.95

32.63

35.19

Kingboard Laminates Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															29.23	30.45	36.71	32.17	32.03

Competitive Comparison of Kingboard Laminates Holdings's Days Payable

For the Electronic Components subindustry, Kingboard Laminates 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.

Kingboard Laminates Holdings's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Kingboard Laminates Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Kingboard Laminates Holdings's Days Payable falls into.

Kingboard Laminates 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.

Kingboard Laminates 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
=	( (184.792	+	162.687)	/	2 )	/	1801.983	*	365
=	173.7395					/	1801.983	*	365
=	35.19

Kingboard Laminates Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (162.687	+	148.911)	/	2 )	/	887.803	*	365 / 2
=	155.799					/	887.803	*	365 / 2
=	32.03

Kingboard Laminates Holdings Days Payable Related Terms

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Kingboard Laminates Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Kingboard Laminates Holdings Ltd (OTCPK:KGBLY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

01888:Hong Kong KLN:Germany

Address

3 On Yiu Street, 23rd Floor, Delta House, Shek Mun, Shatin, N.T., Hong Kong, HKG

Website

https://www.kblaminates.com

Kingboard Laminates Holdings Ltd is an electronic materials manufacturer engaged in the production of laminates. The group is organized into three reportable segments that are the manufacturing and sale of laminates, properties, and investments. The laminate segment contributes to the majority of the revenue. The company's products include Glass Epoxy Laminates, Paper Laminates, Upstream Materials, and others. The company operates in China, Asian countries, Europe, and America, out of which China accounts for the majority of the revenue.