Texwinca Holdings (Texwinca Holdings) Days Payable : 45.48 (As of Sep. 2023)

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What is Texwinca Holdings Days Payable?

Texwinca Holdings's average Accounts Payable for the six months ended in Sep. 2023 was $62.8 Mil. Texwinca Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $251.9 Mil. Hence, Texwinca Holdings's Days Payable for the six months ended in Sep. 2023 was 45.48.

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

TXWHF' s Days Payable Range Over the Past 10 Years
Min: 45.5 Med: 58.92 Max: 74.7
Current: 45.5

During the past 13 years, Texwinca Holdings's highest Days Payable was 74.70. The lowest was 45.50. And the median was 58.92.

TXWHF's Days Payable is ranked worse than
60.43% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs TXWHF: 45.50

Texwinca Holdings's Days Payable declined from Sep. 2022 (54.53) to Sep. 2023 (45.48). It may suggest that Texwinca Holdings accelerated paying its suppliers.

Texwinca Holdings Days Payable Historical Data

The historical data trend for Texwinca Holdings'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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Texwinca Holdings Days Payable Chart

Texwinca Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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61.37

54.37

56.53

57.04

55.22

Texwinca Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															61.42	69.72	54.53	42.50	45.48

Competitive Comparison of Texwinca Holdings's Days Payable

For the Textile Manufacturing subindustry, Texwinca Holdings'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.

Texwinca Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Texwinca Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Texwinca Holdings's Days Payable falls into.

Texwinca Holdings 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.

Texwinca Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (117.42	+	55.548)	/	2 )	/	571.661	*	365
=	86.484					/	571.661	*	365
=	55.22

Texwinca Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (55.548	+	69.985)	/	2 )	/	251.87	*	365 / 2
=	62.7665					/	251.87	*	365 / 2
=	45.48

Texwinca Holdings Days Payable Related Terms

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Texwinca Holdings (Texwinca Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Texwinca Holdings Ltd (OTCPK:TXWHF) » Definitions » Days Payable

Traded in Other Exchanges

TXWHY:USA 00321:Hong Kong TXW:Germany

Address

223 Hing Fong Road, 16th Floor, Metroplaza, Tower II, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.texwinca.com

Texwinca Holdings Ltd is a Hong Kong-based company. The company is principally engaged in the textile business, which refers to production, dyeing, and sale of knitted fabric and yarn garments, and the retail & distribution of casual apparel and accessories business, which means retailing and distribution of casual apparel and accessories. The textile business and the retail and distribution business jointly account for majority of the company's total revenue. The company is also involved in providing repair and maintenance services for motor vehicles, offering franchise services, and others. The company generates its revenue from Mainland China, the United States, Japan, Hong Kong, and other areas, with Mainland China being the largest revenue contributor.

Texwinca Holdings (Texwinca Holdings) Headlines

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