Value Convergence Holdings (Value Convergence Holdings) Days Payable : 29.47 (As of Dec. 2023)

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What is Value Convergence Holdings Days Payable?

Value Convergence Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $0.56 Mil. Value Convergence Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $3.44 Mil. Hence, Value Convergence Holdings's Days Payable for the six months ended in Dec. 2023 was 29.47.

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

VCHLF' s Days Payable Range Over the Past 10 Years
Min: 31.35 Med: 155.24 Max: 358.89
Current: 33.58

During the past 13 years, Value Convergence Holdings's highest Days Payable was 358.89. The lowest was 31.35. And the median was 155.24.

VCHLF's Days Payable is ranked worse than
69.73% of 522 companies
in the Capital Markets industry
Industry Median: 110.325 vs VCHLF: 33.58

Value Convergence Holdings's Days Payable declined from Dec. 2022 (49.22) to Dec. 2023 (29.47). It may suggest that Value Convergence Holdings accelerated paying its suppliers.

Value Convergence Holdings Days Payable Historical Data

The historical data trend for Value Convergence 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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Value Convergence Holdings Days Payable Chart

Value Convergence Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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162.94

243.93

328.32

113.46

31.39

Value Convergence Holdings 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															238.65	111.98	49.22	40.66	29.47

Competitive Comparison of Value Convergence Holdings's Days Payable

For the Capital Markets subindustry, Value Convergence 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.

Value Convergence Holdings's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Value Convergence Holdings's Days Payable distribution charts can be found below:

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

Value Convergence 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.

Value Convergence Holdings'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
=	( (0.672	+	0.439)	/	2 )	/	6.459	*	365
=	0.5555					/	6.459	*	365
=	31.39

Value Convergence Holdings'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
=	( (0.671	+	0.439)	/	2 )	/	3.437	*	365 / 2
=	0.555					/	3.437	*	365 / 2
=	29.47

Value Convergence Holdings Days Payable Related Terms

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Value Convergence Holdings (Value Convergence Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Value Convergence Holdings Ltd (OTCPK:VCHLF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

00821:Hong Kong

Address

181-185 Gloucester Road, 6th Floor, Centre Point, Wanchai, Hong Kong, HKG

Website

https://www.vcgroup.com.hk

Value Convergence Holdings Ltd is a financial services group delivering financial services and products that fulfill various investment and wealth management needs of clients in the Greater China region. The company's operating segments include Brokerage and Financing; Corporate Finance and other Advisory services; Asset Management; Insurance Brokerage; Proprietary Trading; and Digital asset. The majority of its revenue derives from the Brokerage and Financing segment that engages in securities, futures, and options brokering and dealing, provision of margin financing and money lending, and placing and underwriting services.

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