Chin Well Holdings Bhd (XKLS:5007) Days Payable : 71.31 (As of Mar. 2024)

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What is Chin Well Holdings Bhd Days Payable?

Chin Well Holdings Bhd's average Accounts Payable for the three months ended in Mar. 2024 was RM59.4 Mil. Chin Well Holdings Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM76.0 Mil. Hence, Chin Well Holdings Bhd's Days Payable for the three months ended in Mar. 2024 was 71.31.

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

XKLS:5007' s Days Payable Range Over the Past 10 Years
Min: 12.77 Med: 16.5 Max: 57.49
Current: 57.49

During the past 13 years, Chin Well Holdings Bhd's highest Days Payable was 57.49. The lowest was 12.77. And the median was 16.50.

XKLS:5007's Days Payable is ranked worse than
63.43% of 2929 companies
in the Industrial Products industry
Industry Median: 76.43 vs XKLS:5007: 57.49

Chin Well Holdings Bhd's Days Payable increased from Mar. 2023 (68.54) to Mar. 2024 (71.31). It may suggest that Chin Well Holdings Bhd delayed paying its suppliers.

Chin Well Holdings Bhd Days Payable Historical Data

The historical data trend for Chin Well 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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Chin Well Holdings Bhd Days Payable Chart

Chin Well Holdings Bhd Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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12.77

14.60

18.84

17.08

19.64

Chin Well Holdings 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															68.54	38.74	45.36	67.70	71.31

Competitive Comparison of Chin Well Holdings Bhd's Days Payable

For the Tools & Accessories subindustry, Chin Well 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.

Chin Well Holdings Bhd's Days Payable Distribution in the Industrial Products Industry

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

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

Chin Well 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.

Chin Well Holdings Bhd's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (23.45	+	18.099)	/	2 )	/	386.145	*	365
=	20.7745					/	386.145	*	365
=	19.64

Chin Well Holdings 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
=	( (59.174	+	59.686)	/	2 )	/	76.045	*	365 / 4
=	59.43					/	76.045	*	365 / 4
=	71.31

Chin Well Holdings Bhd Days Payable Related Terms

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Chin Well Holdings Bhd (XKLS:5007) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chin Well Holdings Bhd (XKLS:5007) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1586, MK11, Lorong Perusahaan Utama 1, Bukit Tengah Industrial Park, Bukit Mertajam, PNG, MYS, 14000

Website

https://www.chinwell.com.my

Chin Well Holdings Bhd is a Malaysia-based investment holding company. It operates in three business segments. The Fastening products segment is a key revenue driver which is engaged in the manufacturing and trading of screws, nuts, bolts, and other related products. Its Wire products segment is involved in the production of precision galvanized wire, annealing wire, bright wire, hard drawn wire, polyvinyl chloride wire, bent round bar, and grill mesh. The company's Investment holding segment comprises investment holding and property investment activities. Geographically, it operates in Malaysia, Europe, North America, Vietnam, Australia, Other Asia Pacific countries and others. It derives a majority of its revenue from Malaysia.

Chin Well Holdings Bhd (XKLS:5007) Headlines

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