China Fortune Investments (Holding) (STU:NLY5) Days Payable : 125.10 (As of Jun. 2021)

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What is China Fortune Investments (Holding) Days Payable?

China Fortune Investments (Holding)'s average Accounts Payable for the three months ended in Jun. 2021 was €0.43 Mil. China Fortune Investments (Holding)'s Cost of Goods Sold for the three months ended in Jun. 2021 was €0.31 Mil. Hence, China Fortune Investments (Holding)'s Days Payable for the three months ended in Jun. 2021 was 125.10.

The historical rank and industry rank for China Fortune Investments (Holding)'s Days Payable or its related term are showing as below:

STU:NLY5' s Days Payable Range Over the Past 10 Years
Min: 1.87 Med: 29.78 Max: 95.66
Current: 44.15

During the past 13 years, China Fortune Investments (Holding)'s highest Days Payable was 95.66. The lowest was 1.87. And the median was 29.78.

STU:NLY5's Days Payable is not ranked
in the Retail - Cyclical industry.
Industry Median: 56.41 vs STU:NLY5: 44.15

China Fortune Investments (Holding)'s Days Payable increased from Jun. 2020 (21.15) to Jun. 2021 (125.10). It may suggest that China Fortune Investments (Holding) delayed paying its suppliers.

China Fortune Investments (Holding) Days Payable Historical Data

The historical data trend for China Fortune Investments (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.

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China Fortune Investments (Holding) Days Payable Chart

China Fortune Investments (Holding) Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Days Payable

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16.35

2.89

1.83

6.63

57.05

China Fortune Investments (Holding) Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Days Payable	Get a 7-Day Free Trial															21.15	8.65	47.04	59.32	125.10

Competitive Comparison of China Fortune Investments (Holding)'s Days Payable

For the Specialty Retail subindustry, China Fortune Investments (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.

China Fortune Investments (Holding)'s Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Fortune Investments (Holding)'s Days Payable distribution charts can be found below:

* The bar in red indicates where China Fortune Investments (Holding)'s Days Payable falls into.

China Fortune Investments (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.

China Fortune Investments (Holding)'s Days Payable for the fiscal year that ended in Dec. 2020 is calculated as

	Days Payable (A: Dec. 2020 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2019 )	+	Accounts Payable (A: Dec. 2020 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2020 )	*	Days in Period
=	( (0.083	+	0.665)	/	2 )	/	2.393	*	365
=	0.374					/	2.393	*	365
=	57.05

China Fortune Investments (Holding)'s Days Payable for the quarter that ended in Jun. 2021 is calculated as:

	Days Payable (Q: Jun. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2021 )	+	Accounts Payable (Q: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2021 )	*	Days in Period
=	( (0	+	0.425)	/	1 )	/	0.31	*	365 / 4
=	0.425					/	0.31	*	365 / 4
=	125.10

China Fortune Investments (Holding) Days Payable Related Terms

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China Fortune Investments (Holding) (STU:NLY5) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Fortune Investments (Holding) Ltd (STU:NLY5) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

168-200 Connaught Road Central, Shops 212-213, 2nd Floor, Shun tak Centre, Sheung Wan, Hong Kong, HKG

Website

https://www.cfihk.com.hk

China Fortune Investments (Holding) Ltd is an investment holding company, engages in the wholesale and retail of wines and cigars and golf products in Hong Kong. The company offers red wines, white wines, champagnes, whiskeys and other liquors and spirits; and golf-related products, such as golf clubs, balls, shoes, gloves, clothing and other accessories of various brands. It operates through the following segments: Sale of Wine and Cigar; Sale of Golf Products; Sale of Watch and Jewellery; Provision of Money Lending Services, and Others. The firm's Wine and Cigar segment generate major revenue for the firm.

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