Hiap Huat Holdings Bhd (XKLS:0160) Days Payable : 23.38 (As of Sep. 2024)

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What is Hiap Huat Holdings Bhd Days Payable?

Hiap Huat Holdings Bhd's average Accounts Payable for the three months ended in Sep. 2024 was RM5.8 Mil. Hiap Huat Holdings Bhd's Cost of Goods Sold for the three months ended in Sep. 2024 was RM22.8 Mil. Hence, Hiap Huat Holdings Bhd's Days Payable for the three months ended in Sep. 2024 was 23.38.

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

XKLS:0160' s Days Payable Range Over the Past 10 Years
Min: 10.77 Med: 17.73 Max: 36.87
Current: 19.19

During the past 13 years, Hiap Huat Holdings Bhd's highest Days Payable was 36.87. The lowest was 10.77. And the median was 17.73.

XKLS:0160's Days Payable is ranked worse than
87.09% of 891 companies
in the Oil & Gas industry
Industry Median: 61.09 vs XKLS:0160: 19.19

Hiap Huat Holdings Bhd's Days Payable increased from Sep. 2023 (22.91) to Sep. 2024 (23.38). It may suggest that Hiap Huat Holdings Bhd delayed paying its suppliers.

Hiap Huat Holdings Bhd Days Payable Historical Data

The historical data trend for Hiap Huat Holdings 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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Hiap Huat Holdings Bhd Days Payable Chart

Hiap Huat Holdings Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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15.91

19.16

15.44

19.81

15.22

Hiap Huat Holdings Bhd Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															22.91	15.21	13.44	18.82	23.38

Competitive Comparison of Hiap Huat Holdings Bhd's Days Payable

For the Oil & Gas Refining & Marketing subindustry, Hiap Huat Holdings 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.

Hiap Huat Holdings Bhd's Days Payable Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Hiap Huat Holdings Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Hiap Huat Holdings Bhd's Days Payable falls into.

Hiap Huat Holdings 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.

Hiap Huat Holdings 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
=	( (3.46	+	1.894)	/	2 )	/	64.181	*	365
=	2.677					/	64.181	*	365
=	15.22

Hiap Huat Holdings Bhd'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
=	( (5.652	+	6.041)	/	2 )	/	22.821	*	365 / 4
=	5.8465					/	22.821	*	365 / 4
=	23.38

Hiap Huat Holdings Bhd Days Payable Related Terms

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Hiap Huat Holdings Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Hiap Huat Holdings Bhd (XKLS:0160) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Sungai Pinang 5/3, Lot 102521, Fasa 2, Kawasan Perindustrian Pulau Indah, Pulau Indah, SGR, MYS, 42920

Website

https://www.hiaphuat.com

Hiap Huat Holdings Bhd through its subsidiaries is engaged in manufacturing, recycling, and refining petroleum-based products. The company is involved in various industries, such as scheduled waste management, oil and gas, petrochemicals, and laboratory services. Geographically, it derives maximum revenue from Malaysia and also has a presence in Singapore, Italy, Hong Kong, and Vietnam. Its products include Fuel Oil, Base Oil, Petrochemicals, Lubricants, Grease, Paint, and Container.

Hiap Huat Holdings Bhd Headlines

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