SECOY (Secoo Holding) Days Payable: 43.76 (As of Jun. 2022)

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SECOY Secoo Holding Ltd SECOY
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What is Secoo Holding Days Payable?

Secoo Holding SECOY 12 Days Payable is 43.76 as of Jun. 2022. GuruFocus rates SECOY with a GF Score™ of 12/100.

Secoo Holding's average Accounts Payable for the six months ended in Jun. 2022 was $62.2 Mil. Secoo Holding's Cost of Goods Sold for the six months ended in Jun. 2022 was $259.3 Mil. Hence, Secoo Holding's Days Payable for the six months ended in Jun. 2022 was 43.76.

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

SECOY's Days Payable is not ranked *
in the Retail - Cyclical industry.
Industry Median: 50.795
* Ranked among companies with meaningful Days Payable only.

Secoo Holding's Days Payable declined from Jun. 2021 (58.21) to Jun. 2022 (43.76). It may suggest that Secoo Holding accelerated paying its suppliers.


Secoo Holding Days Payable Historical Data

* Premium members only.

The historical data trend for Secoo 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.

Secoo Holding Days Payable Chart

Secoo Holding Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Days Payable
Get a 7-Day Free Trial 33.84 34.25 34.80 31.21 45.34

Secoo Holding Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 55.51 25.92 58.21 43.01 43.76

SECOY vs PIK, MOGU, HWGC: Days Payable Comparison

For the Internet Retail subindustry, Secoo 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.


Secoo Holding Days Payable vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Secoo Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Secoo Holding's Days Payable falls into.


SECOY
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Secoo Holding Ltd SECOY
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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Secoo 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.

Secoo Holding's Days Payable for the fiscal year that ended in Dec. 2021 is calculated as

Days Payable (A: Dec. 2021 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2020 ) + Accounts Payable (A: Dec. 2021 )) / count ) / Cost of Goods Sold (A: Dec. 2021 )*Days in Period
=( (53.24 + 64.296) / 2 ) / 473.124*365
=58.768 / 473.124*365
=45.34

Secoo Holding's Days Payable for the quarter that ended in Jun. 2022 is calculated as:

Days Payable (Q: Jun. 2022 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2021 ) + Accounts Payable (Q: Jun. 2022 )) / count ) / Cost of Goods Sold (Q: Jun. 2022 )*Days in Period
=( (64.296 + 60.037) / 2 ) / 259.276*365 / 2
=62.1665 / 259.276*365 / 2
=43.76

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 43.76 mean?
Secoo Holding (SECOY) has a Days Payable of 43.76 as of Jun. 2022. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Secoo Holding and its competitors.
Is Secoo Holding's Days Payable too high?
Secoo Holding's current Days Payable is 43.76. The Retail - Cyclical industry median Days Payable is 50.80. Secoo Holding's value of 43.76 is 13.8% below this industry median. Overall, Secoo Holding has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does Secoo Holding's Days Payable compare to PIK and MOGU?
Secoo Holding's Days Payable of 43.76 can be compared against companies in the Retail - Cyclical industry. The industry median Days Payable is 50.80. Secoo Holding's value of 43.76 is 13.8% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Retail - Cyclical company?
The median Days Payable among Retail - Cyclical companies is 50.80, based on 1,108 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Secoo Holding's current Days Payable of 43.76 is 13.8% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Secoo Holding and its competitors. For the Retail - Cyclical industry, the median Days Payable is 50.80 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Secoo Holding's current Days Payable is 43.76. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Secoo Holding stock overvalued right now?
Secoo Holding (SECOY) has a current Days Payable of 43.76. The current Days Payable is 43.76 and 13.8% below the Retail - Cyclical industry median of 50.80. Secoo Holding's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Secoo Holding (SECOY), the current Days Payable is 43.76 as of Jun. 2022. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Secoo Holding Business Description

Address No. 3 Courtyard Building 2, Sanlitun Road A, Chaoyang District, Beijing, CHN, 100027
Secoo Holding Ltd operates an online and offline shopping platform in China. It operates as an online retailer in China through the website, mobile applications, and offline experience centers in Beijing, Shanghai, Chengdu, Tianjin, Xiamen, Qingdao, and Malaysia. Also, the company is cooperating with brand boutiques such as Versace boutiques for its customers to pick up products ordered on its online platform. The majority of revenue is generated from its online business. Its geographical segments are China, Hongkong, and Others, of which the majority of the revenue is generated from China.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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