Solution Group Bhd (XKLS:0093) Days Payable : 29.19 (As of Mar. 2024)

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What is Solution Group Bhd Days Payable?

Solution Group Bhd's average Accounts Payable for the three months ended in Mar. 2024 was RM14.9 Mil. Solution Group Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM46.7 Mil. Hence, Solution Group Bhd's Days Payable for the three months ended in Mar. 2024 was 29.19.

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

XKLS:0093' s Days Payable Range Over the Past 10 Years
Min: 20.58 Med: 58.04 Max: 261.01
Current: 36.57

During the past 13 years, Solution Group Bhd's highest Days Payable was 261.01. The lowest was 20.58. And the median was 58.04.

XKLS:0093's Days Payable is ranked worse than
81.54% of 2427 companies
in the Hardware industry
Industry Median: 68.09 vs XKLS:0093: 36.57

Solution Group Bhd's Days Payable increased from Mar. 2023 (28.10) to Mar. 2024 (29.19). It may suggest that Solution Group Bhd delayed paying its suppliers.

Solution Group Bhd Days Payable Historical Data

The historical data trend for Solution Group 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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Solution Group Bhd Days Payable Chart

Solution Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.40

46.14

20.58

93.16

23.84

Solution Group Bhd Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															28.10	42.71	37.12	32.38	29.19

Competitive Comparison of Solution Group Bhd's Days Payable

For the Scientific & Technical Instruments subindustry, Solution Group 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.

Solution Group Bhd's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Solution Group Bhd's Days Payable falls into.

Solution Group 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.

Solution Group Bhd'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
=	( (3.358	+	10.456)	/	2 )	/	105.771	*	365
=	6.907					/	105.771	*	365
=	23.84

Solution Group Bhd's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (10.456	+	19.387)	/	2 )	/	46.653	*	365 / 4
=	14.9215					/	46.653	*	365 / 4
=	29.19

Solution Group Bhd Days Payable Related Terms

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Solution Group Bhd (XKLS:0093) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Solution Group Bhd (XKLS:0093) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

PT 13796 Jalan Tekno Usahawan 2, Technology Park Malaysia, Wilayah Persekutuan, Kuala Lumpur, MYS, 57000

Website

http://www.solutionholdings.com.my

Solution Group Bhd is an investment holding company. Its operating segments include Engineering Equipment, Industrial Automation, Metal Fabrication and Assembly, Green and Renewable Energy, Biopharmaceuticals, Investment, and Others. Geographically, the company serves Malaysian as well as Overseas customers.

Solution Group Bhd (XKLS:0093) Headlines

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