Cekd Bhd (XKLS:0238) Days Payable : 19.33 (As of Feb. 2024)

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What is Cekd Bhd Days Payable?

Cekd Bhd's average Accounts Payable for the three months ended in Feb. 2024 was RM0.91 Mil. Cekd Bhd's Cost of Goods Sold for the three months ended in Feb. 2024 was RM4.30 Mil. Hence, Cekd Bhd's Days Payable for the three months ended in Feb. 2024 was 19.33.

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

XKLS:0238' s Days Payable Range Over the Past 10 Years
Min: 6.64 Med: 9.28 Max: 14.55
Current: 13.43

During the past 6 years, Cekd Bhd's highest Days Payable was 14.55. The lowest was 6.64. And the median was 9.28.

XKLS:0238's Days Payable is ranked worse than
97.44% of 2931 companies
in the Industrial Products industry
Industry Median: 76.42 vs XKLS:0238: 13.43

Cekd Bhd's Days Payable increased from Feb. 2023 (12.30) to Feb. 2024 (19.33). It may suggest that Cekd Bhd delayed paying its suppliers.

Cekd Bhd Days Payable Historical Data

The historical data trend for Cekd 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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Cekd Bhd Days Payable Chart

Cekd Bhd Annual Data

Trend

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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14.55

11.54

7.01

6.64

6.79

Cekd Bhd Quarterly Data
	Aug18	Aug19	Aug20	Mar21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial										12.30	9.55	6.05	16.18	19.33

Competitive Comparison of Cekd Bhd's Days Payable

For the Metal Fabrication subindustry, Cekd 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.

Cekd Bhd's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Cekd Bhd's Days Payable distribution charts can be found below:

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

Cekd 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.

Cekd Bhd's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.206	+	0.433)	/	2 )	/	17.181	*	365
=	0.3195					/	17.181	*	365
=	6.79

Cekd Bhd's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (1.131	+	0.691)	/	2 )	/	4.301	*	365 / 4
=	0.911					/	4.301	*	365 / 4
=	19.33

Cekd Bhd Days Payable Related Terms

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Cekd Bhd (XKLS:0238) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Cekd Bhd (XKLS:0238) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10, Jalan 1/137B, Batu 5, Jalan Kelang Lama, Resource Industrial Centre, Kuala Lumpur, SGR, MYS, 58200

Website

http://www.cekd.com.my

Cekd Bhd is a die-cutting solutions provider and is involved in the manufacturing of die-cutting moulds and trading of related consumables, tools, and accessories, mainly to the paper printing and packaging industry, E&E industry, and other industries such as automotive, plastic packaging, textile, and leather industries. Its operating segments are Manufacturing, Trading, and Investment Holding and it generates the majority of its revenue from the Manufacturing segment.

Cekd Bhd (XKLS:0238) Headlines

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