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Vetece Holdings Bhd (XKLS:0319) Days Payable : 49.64 (As of Aug. 2024)


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What is Vetece Holdings Bhd Days Payable?

Vetece Holdings Bhd's average Accounts Payable for the six months ended in Aug. 2024 was RM1.75 Mil. Vetece Holdings Bhd's Cost of Goods Sold for the six months ended in Aug. 2024 was RM12.88 Mil. Hence, Vetece Holdings Bhd's Days Payable for the six months ended in Aug. 2024 was 24.82.

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

XKLS:0319' s Days Payable Range Over the Past 10 Years
Min: 12.5   Med: 23.16   Max: 49.64
Current: 27.04

During the past 4 years, Vetece Holdings Bhd's highest Days Payable was 49.64. The lowest was 12.50. And the median was 23.16.

XKLS:0319's Days Payable is ranked worse than
70.13% of 2551 companies
in the Software industry
Industry Median: 51.71 vs XKLS:0319: 27.04

Vetece Holdings Bhd's Days Payable increased from Aug. 2022 (12.50) to Aug. 2024 (49.64). It may suggest that Vetece Holdings Bhd delayed paying its suppliers.

Vetece Holdings Bhd Days Payable Historical Data

The historical data trend for Vetece 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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Vetece Holdings Bhd Days Payable Chart

Vetece Holdings Bhd Annual Data
Trend Aug21 Aug22 Aug23 Aug24
Days Payable
20.30 12.50 26.01 49.64

Vetece Holdings Bhd Semi-Annual Data
Aug21 Aug22 Aug23 Aug24
Days Payable 20.30 12.50 26.01 49.64

Competitive Comparison of Vetece Holdings Bhd's Days Payable

For the Information Technology Services subindustry, Vetece 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.

Vetece Holdings Bhd's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Vetece Holdings Bhd's Days Payable distribution charts can be found below:

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


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Vetece 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.

Vetece Holdings Bhd's Days Payable for the fiscal year that ended in Aug. 2024 is calculated as

Days Payable (A: Aug. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Aug. 2023 ) + Accounts Payable (A: Aug. 2024 )) / count ) / Cost of Goods Sold (A: Aug. 2024 )*Days in Period
=( (1.752 + 0) / 1 ) / 12.883*365
=1.752 / 12.883*365
=49.64

Vetece Holdings Bhd's Days Payable for the quarter that ended in Aug. 2024 is calculated as:

Days Payable (Q: Aug. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Aug. 2023 ) + Accounts Payable (Q: Aug. 2024 )) / count ) / Cost of Goods Sold (Q: Aug. 2024 )*Days in Period
=( (1.752 + 0) / 1 ) / 12.883*365 / 2
=1.752 / 12.883*365 / 2
=24.82

* 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.

Vetece Holdings Bhd Days Payable Related Terms

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Vetece Holdings Bhd Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » Vetece Holdings Bhd (XKLS:0319) » Definitions » Days Payable
Comparable Companies
XKLS:0343 XKLS:0281 XKLS:0106 XKLS:8338 XKLS:5011 XKLS:5036 XKLS:9075 XKLS:0131 XKLS:0020 XKLS:0123 IBM ACN NSE:TCS FI NSE:INFY NSE:HCLTECH FIS TSE:6702 CTSH XMAD:AMS
Traded in Other Exchanges
N/A
Address
No. 2, Jalan Kerinchi, E-32-3A and E-32-03, Menara Suezcap 2, KL Gateway, Gerbang Kerinchi Lestari, Wilayah Persekutuan, Kuala Lumpur, SGR, MYS, 59200
Website
https://www.vtcholding.com
Vetece Holdings Bhd is an investment holding company. Through its subsidiaries, it is principally an enterprise IT solutions provider, providing implementation services, maintenance, support and professional services as well as resale of hardware and software. The company assists its clients in the implementation process involving design, installation, customization and configuration, data integration, testing and deployment of the enterprise IT solutions to ensure that it seamlessly integrates with clients' systems. Post-implementation process, It will continue to provide ongoing support through maintenance, support and professional services which include maintenance and upgrades of the systems, as well as providing training to clients' employees.

Vetece Holdings Bhd Headlines

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