Forise International (SGX:8A1) Days Payable : 320.70 (As of Dec. 2023)

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What is Forise International Days Payable?

Forise International's average Accounts Payable for the six months ended in Dec. 2023 was S$0.36 Mil. Forise International's Cost of Goods Sold for the six months ended in Dec. 2023 was S$0.21 Mil. Hence, Forise International's Days Payable for the six months ended in Dec. 2023 was 320.70.

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

SGX:8A1' s Days Payable Range Over the Past 10 Years
Min: 31.48 Med: 19036.66 Max: 1155194.58
Current: 235.8

During the past 13 years, Forise International's highest Days Payable was 1155194.58. The lowest was 31.48. And the median was 19036.66.

SGX:8A1's Days Payable is ranked better than
75.05% of 469 companies
in the Asset Management industry
Industry Median: 68.13 vs SGX:8A1: 235.80

Forise International's Days Payable increased from Dec. 2022 (135.95) to Dec. 2023 (320.70). It may suggest that Forise International delayed paying its suppliers.

Forise International Days Payable Historical Data

The historical data trend for Forise International'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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Forise International Days Payable Chart

Forise International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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Forise International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															261.23	128.66	135.95	184.03	320.70

Competitive Comparison of Forise International's Days Payable

For the Asset Management subindustry, Forise International'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.

Forise International's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Forise International's Days Payable distribution charts can be found below:

* The bar in red indicates where Forise International's Days Payable falls into.

Forise International 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.

Forise International'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	+	0)	/	1 )	/	0.565	*	365
=	0					/	0.565	*	365
=	0.00

Forise International'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.362	+	0)	/	1 )	/	0.206	*	365 / 2
=	0.362					/	0.206	*	365 / 2
=	320.70

Forise International Days Payable Related Terms

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Forise International (SGX:8A1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Forise International Ltd (SGX:8A1) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Scotts Road, No. 04-08, Suite 22, 15 Scotts, Singapore, SGP, 228218

Website

https://www.foriseinternational.com

Forise International Ltd is a Singapore-based investment holding company. The company operates in three segments: Corporate Advisory, Management consultancy, and All other segments. Its solutions include strategic planning, corporate advisory, financial restructuring advisory, management consultancy services, commercial Factoring, and asset Management. The company's geographical segments are China, Singapore, Denmark, and the United Arab Emirates, of which the majority of its revenue comes from Singapore.

Forise International (SGX:8A1) Headlines

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