Ming Shing Group Holdings (Ming Shing Group Holdings) Days Payable : 30.30 (As of Sep. 2023)

View and export this data going back to 2050. Start your Free Trial

What is Ming Shing Group Holdings Days Payable?

Ming Shing Group Holdings's average Accounts Payable for the six months ended in Sep. 2023 was $1.87 Mil. Ming Shing Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $11.27 Mil. Hence, Ming Shing Group Holdings's Days Payable for the six months ended in Sep. 2023 was 30.30.

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

MSW's Days Payable is not ranked ^*
in the Construction industry.
Industry Median: 76.53
* Ranked among companies with meaningful Days Payable only.

Ming Shing Group Holdings's Days Payable declined from Sep. 2022 (32.62) to Sep. 2023 (30.30). It may suggest that Ming Shing Group Holdings accelerated paying its suppliers.

Ming Shing Group Holdings Days Payable Historical Data

The historical data trend for Ming Shing 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.

* Premium members only.

Ming Shing Group Holdings Days Payable Chart

Ming Shing Group Holdings Annual Data

Trend

Mar21

Mar22

Mar23

Days Payable

31.32

35.18

36.93

Ming Shing Group Holdings Semi-Annual Data
	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			21.54	41.35	32.62	30.69	30.30

Competitive Comparison of Ming Shing Group Holdings's Days Payable

For the Engineering & Construction subindustry, Ming Shing 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.

Ming Shing Group Holdings's Days Payable Distribution in the Construction Industry

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

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

Ming Shing 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.

Ming Shing Group Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.834	+	1.884)	/	2 )	/	18.373	*	365
=	1.859					/	18.373	*	365
=	36.93

Ming Shing Group Holdings'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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1.884	+	1.859)	/	2 )	/	11.271	*	365 / 2
=	1.8715					/	11.271	*	365 / 2
=	30.30

Ming Shing Group Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Ming Shing Group Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Ming Shing Group Holdings (Ming Shing Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Ming Shing Group Holdings Ltd (NAS:MSW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

16 Tai Yau Street, 8th Floor, Cheong Tai Factory Building, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ms100.com.hk

Ming Shing Group Holdings Ltd is a holding company, which is primarily operated through its indirectly wholly-owned Hong Kong Operating Subsidiaries, MS (HK) Engineering Limited and MS Engineering Co., Limited. It is engaged in wet trades works, such as plastering works, tile laying works, brick laying works, floor screeding works and marble works. the company is mainly engaged in private-sector projects in Hong Kong. Its private sector projects mainly involve private residential developments and commercial developments. The project owners of its private sector projects are generally property developers, and its customers are generally main contractors and wet trades work subcontractors engaged under such projects.

Ming Shing Group Holdings (Ming Shing Group Holdings) Headlines

No Headlines