Sin Heng Heavy Machinery (SGX:BKA) Days Payable : 9.68 (As of Dec. 2023)

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What is Sin Heng Heavy Machinery Days Payable?

Sin Heng Heavy Machinery's average Accounts Payable for the six months ended in Dec. 2023 was S$1.18 Mil. Sin Heng Heavy Machinery's Cost of Goods Sold for the six months ended in Dec. 2023 was S$22.20 Mil. Hence, Sin Heng Heavy Machinery's Days Payable for the six months ended in Dec. 2023 was 9.68.

The historical rank and industry rank for Sin Heng Heavy Machinery's Days Payable or its related term are showing as below:

SGX:BKA' s Days Payable Range Over the Past 10 Years
Min: 6.53 Med: 8.24 Max: 11.04
Current: 8.52

During the past 13 years, Sin Heng Heavy Machinery's highest Days Payable was 11.04. The lowest was 6.53. And the median was 8.24.

SGX:BKA's Days Payable is ranked worse than
100% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 72.32 vs SGX:BKA: 8.52

Sin Heng Heavy Machinery's Days Payable declined from Dec. 2022 (9.84) to Dec. 2023 (9.68). It may suggest that Sin Heng Heavy Machinery accelerated paying its suppliers.

Sin Heng Heavy Machinery Days Payable Historical Data

The historical data trend for Sin Heng Heavy Machinery'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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Sin Heng Heavy Machinery Days Payable Chart

Sin Heng Heavy Machinery Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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8.07

8.88

7.68

8.16

7.77

Sin Heng Heavy Machinery 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															7.03	7.87	9.84	8.21	9.68

Competitive Comparison of Sin Heng Heavy Machinery's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Sin Heng Heavy Machinery'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.

Sin Heng Heavy Machinery's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Sin Heng Heavy Machinery's Days Payable distribution charts can be found below:

* The bar in red indicates where Sin Heng Heavy Machinery's Days Payable falls into.

Sin Heng Heavy Machinery 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.

Sin Heng Heavy Machinery'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
=	( (0.992	+	1.044)	/	2 )	/	47.798	*	365
=	1.018					/	47.798	*	365
=	7.77

Sin Heng Heavy Machinery'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
=	( (1.311	+	1.044)	/	2 )	/	22.196	*	365 / 2
=	1.1775					/	22.196	*	365 / 2
=	9.68

Sin Heng Heavy Machinery Days Payable Related Terms

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Sin Heng Heavy Machinery (SGX:BKA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Sin Heng Heavy Machinery Ltd (SGX:BKA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

SNVA:Germany

Address

26 Gul Road, Singapore, SGP, 629346

Website

http://www.sinheng.com.sg

Sin Heng Heavy Machinery Ltd is a lifting service provider. The core business activities are the rental and trading of cranes, aerial lifts, and other lifting equipment. The company has two reportable operating segments namely Equipment rental and Trading. Equipment rental includes the rental of cranes and aerial lifts. Trading includes trading of cranes and aerial lifts. Most of the group's revenue comes from Singapore.

Sin Heng Heavy Machinery (SGX:BKA) Headlines

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