Industrial Capital Holding AD (XBUL:HIKA) Days Payable : 23.60 (As of Sep. 2024)

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What is Industrial Capital Holding AD Days Payable?

Industrial Capital Holding AD's average Accounts Payable for the three months ended in Sep. 2024 was лв13.6 Mil. Industrial Capital Holding AD's Cost of Goods Sold for the three months ended in Sep. 2024 was лв52.6 Mil. Hence, Industrial Capital Holding AD's Days Payable for the three months ended in Sep. 2024 was 23.60.

The historical rank and industry rank for Industrial Capital Holding AD's Days Payable or its related term are showing as below:

XBUL:HIKA' s Days Payable Range Over the Past 10 Years
Min: 23.61 Med: 25.09 Max: 31.09
Current: 31.09

During the past 13 years, Industrial Capital Holding AD's highest Days Payable was 31.09. The lowest was 23.61. And the median was 25.09.

XBUL:HIKA's Days Payable is ranked worse than
69.25% of 517 companies
in the Capital Markets industry
Industry Median: 115.91 vs XBUL:HIKA: 31.09

Industrial Capital Holding AD's Days Payable declined from Jun. 2023 (30.20) to Sep. 2024 (23.60). It may suggest that Industrial Capital Holding AD accelerated paying its suppliers.

Industrial Capital Holding AD Days Payable Historical Data

The historical data trend for Industrial Capital Holding AD'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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Industrial Capital Holding AD Days Payable Chart

Industrial Capital Holding AD Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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23.77

24.28

28.37

25.55

24.72

Industrial Capital Holding AD Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															30.20	26.91	25.24	20.12	23.60

Competitive Comparison of Industrial Capital Holding AD's Days Payable

For the Capital Markets subindustry, Industrial Capital Holding AD'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.

Industrial Capital Holding AD's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Industrial Capital Holding AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Industrial Capital Holding AD's Days Payable falls into.

Industrial Capital Holding AD 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.

Industrial Capital Holding AD's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (19.463	+	21.472)	/	2 )	/	302.247	*	365
=	20.4675					/	302.247	*	365
=	24.72

Industrial Capital Holding AD's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (13.999	+	13.223)	/	2 )	/	52.624	*	365 / 4
=	13.611					/	52.624	*	365 / 4
=	23.60

Industrial Capital Holding AD Days Payable Related Terms

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Industrial Capital Holding AD Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Industrial Capital Holding AD (XBUL:HIKA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8, Bacho Kiro str, Sofia, BGR, 1000

Website

http://www.hika-bg.com

Industrial Capital Holding AD is a Bulgaria-based holding company engaged in the evaluation, acquisition, management, and sale of shares in Bulgarian and foreign companies.

Industrial Capital Holding AD Headlines

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