Joe Holding Bhd (XKLS:7096) Days Payable : 10.33 (As of Dec. 2023)

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What is Joe Holding Bhd Days Payable?

Joe Holding Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM0.56 Mil. Joe Holding Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM4.98 Mil. Hence, Joe Holding Bhd's Days Payable for the three months ended in Dec. 2023 was 10.33.

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

XKLS:7096' s Days Payable Range Over the Past 10 Years
Min: 1.98 Med: 23.16 Max: 48.35
Current: 11.9

During the past 13 years, Joe Holding Bhd's highest Days Payable was 48.35. The lowest was 1.98. And the median was 23.16.

XKLS:7096's Days Payable is ranked worse than
95.81% of 1266 companies
in the Vehicles & Parts industry
Industry Median: 66.61 vs XKLS:7096: 11.90

Joe Holding Bhd's Days Payable declined from Dec. 2022 (31.59) to Dec. 2023 (10.33). It may suggest that Joe Holding Bhd accelerated paying its suppliers.

Joe Holding Bhd Days Payable Historical Data

The historical data trend for Joe Holding 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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Joe Holding Bhd Days Payable Chart

Joe Holding Bhd Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

8.06

42.38

48.35

24.78

13.87

Joe Holding Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															31.59	19.05	3.68	5.28	10.33

Competitive Comparison of Joe Holding Bhd's Days Payable

For the Auto Parts subindustry, Joe Holding 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.

Joe Holding Bhd's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Joe Holding Bhd's Days Payable distribution charts can be found below:

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

Joe Holding 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.

Joe Holding Bhd's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.148	+	0.124)	/	2 )	/	16.738	*	365
=	0.636					/	16.738	*	365
=	13.87

Joe Holding Bhd's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.353	+	0.775)	/	2 )	/	4.983	*	365 / 4
=	0.564					/	4.983	*	365 / 4
=	10.33

Joe Holding Bhd Days Payable Related Terms

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Joe Holding Bhd (XKLS:7096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Joe Holding Bhd (XKLS:7096) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jalan Teratai, Off Jalan Meru, Lot 5031 and 5032, Klang, SGR, MYS, 41050

Website

https://gp-products.com

Joe Holding Bhd is an investment holding company. The company's operating segment includes Automotive batteries; Valve Regulated Lead Acid (VRLA) batteries; Investment holding and others. It generates maximum revenue from the Automotive batteries segment. The Automotive batteries segment is engaged in the manufacture, assembly, and sale of automotive batteries and components. Geographically, it derives a majority of revenue from Malaysia. Valve Regulated Lead Acid batteries segment includes Manufacture, assembly and sales of sealed lead acid batteries. Investment holding segment includes Provision of warehouse storage service. Others includes Glove manufacturing and dormant subsidiary companies.

Joe Holding Bhd (XKLS:7096) Headlines

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