PMAX (Powell Max) Days Payable : 122.93 (As of Jun. 2024)

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What is Powell Max Days Payable?

Powell Max's average Accounts Payable for the six months ended in Jun. 2024 was $1.08 Mil. Powell Max's Cost of Goods Sold for the six months ended in Jun. 2024 was $1.61 Mil. Hence, Powell Max's Days Payable for the six months ended in Jun. 2024 was 122.93.

The historical rank and industry rank for Powell Max's Days Payable or its related term are showing as below:

PMAX' s Days Payable Range Over the Past 10 Years
Min: 96.9 Med: 99.03 Max: 129.63
Current: 129.63

During the past 2 years, Powell Max's highest Days Payable was 129.63. The lowest was 96.90. And the median was 99.03.

PMAX's Days Payable is ranked better than
79.98% of 914 companies
in the Business Services industry
Industry Median: 46.135 vs PMAX: 129.63

Powell Max's Days Payable increased from Jun. 2023 (80.83) to Jun. 2024 (122.93). It may suggest that Powell Max delayed paying its suppliers.

Powell Max Days Payable Historical Data

The historical data trend for Powell Max'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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Powell Max Days Payable Chart

Powell Max Annual Data

Trend

Dec22

Dec23

Days Payable

101.16

96.90

Powell Max Semi-Annual Data
	Dec22	Jun23	Dec23	Jun24
Days Payable	-	80.83	117.15	122.93

Competitive Comparison of Powell Max's Days Payable

For the Specialty Business Services subindustry, Powell Max'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.

Powell Max's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Powell Max's Days Payable distribution charts can be found below:

* The bar in red indicates where Powell Max's Days Payable falls into.

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Powell Max 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.

Powell Max'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
=	( (0.791	+	0.925)	/	2 )	/	3.232	*	365
=	0.858					/	3.232	*	365
=	96.90

Powell Max'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
=	( (0.925	+	1.24)	/	2 )	/	1.607	*	365 / 2
=	1.0825					/	1.607	*	365 / 2
=	122.93

Powell Max Days Payable Related Terms

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Powell Max Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Powell Max Ltd (NAS:PMAX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

13-14 Connaught Road Central, 22th floor, Euro Trade Centre, Hong Kong, HKG

Website

https://www.janfp.com

Powell Max Ltd is an financial communications services provider. Its financial communications services cover a full range of financial printing, corporate reporting, communications and language support services from inception to completion, including typesetting, proofreading, translation, design, printing, electronic reporting, newspaper placement and distribution. It operates in a single business segment which is the provision of corporate financial communications and financial printing services. Key revenue is derived from Hong Kong.