YGL Convergence Bhd (XKLS:0086) Days Payable : 72.99 (As of Dec. 2023)

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What is YGL Convergence Bhd Days Payable?

YGL Convergence Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM1.47 Mil. YGL Convergence Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM1.84 Mil. Hence, YGL Convergence Bhd's Days Payable for the three months ended in Dec. 2023 was 72.99.

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

XKLS:0086' s Days Payable Range Over the Past 10 Years
Min: 5.75 Med: 23.51 Max: 49.13
Current: 47.6

During the past 13 years, YGL Convergence Bhd's highest Days Payable was 49.13. The lowest was 5.75. And the median was 23.51.

XKLS:0086's Days Payable is ranked worse than
70.54% of 2424 companies
in the Hardware industry
Industry Median: 68.08 vs XKLS:0086: 47.60

YGL Convergence Bhd's Days Payable increased from Dec. 2022 (62.32) to Dec. 2023 (72.99). It may suggest that YGL Convergence Bhd delayed paying its suppliers.

YGL Convergence Bhd Days Payable Historical Data

The historical data trend for YGL Convergence Bhd'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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YGL Convergence Bhd Days Payable Chart

YGL Convergence Bhd Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

24.58

14.31

5.75

15.30

20.46

YGL Convergence Bhd Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															62.32	18.39	20.13	53.29	72.99

Competitive Comparison of YGL Convergence Bhd's Days Payable

For the Electronics & Computer Distribution subindustry, YGL Convergence Bhd'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.

YGL Convergence Bhd's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, YGL Convergence Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where YGL Convergence Bhd's Days Payable falls into.

YGL Convergence Bhd 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.

YGL Convergence Bhd'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
=	( (0.811	+	0.287)	/	2 )	/	9.793	*	365
=	0.549					/	9.793	*	365
=	20.46

YGL Convergence Bhd'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.949	+	1.988)	/	2 )	/	1.836	*	365 / 4
=	1.4685					/	1.836	*	365 / 4
=	72.99

YGL Convergence Bhd Days Payable Related Terms

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YGL Convergence Bhd (XKLS:0086) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » YGL Convergence Bhd (XKLS:0086) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 35, Scotland Road, George Town, PNG, MYS, 10450

Website

https://www.yglworld.com

YGL Convergence Bhd is principally engaged in the marketing and distribution of computer software and hardware and the provision of professional service. The Group's reportable segment includes Software implementation, which is engaged in the Provision of software installation, commissioning, support, and maintenance services and its related services; the Solar panel installation segment, which is engaged in the Provision of engineering, procurement, construction, and commissioning services in solar energy solution and its related services. The majority of the company's revenue is derived from software panel installations. The company's geographical segments include Malaysia, Hong Kong, and other countries, out of which Malaysia derives the majority revenue.

YGL Convergence Bhd (XKLS:0086) Headlines

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