Ni Hsin Group Bhd (XKLS:7215PA.PFD) Days Payable : 102.75 (As of Sep. 2024)

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What is Ni Hsin Group Bhd Days Payable?

Ni Hsin Group Bhd's average Accounts Payable for the three months ended in Sep. 2024 was RM6.63 Mil. Ni Hsin Group Bhd's Cost of Goods Sold for the three months ended in Sep. 2024 was RM5.89 Mil. Hence, Ni Hsin Group Bhd's Days Payable for the three months ended in Sep. 2024 was 102.75.

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

XKLS:7215PA.PFD' s Days Payable Range Over the Past 10 Years
Min: 13.37 Med: 19.1 Max: 72.67
Current: 72.67

During the past 13 years, Ni Hsin Group Bhd's highest Days Payable was 72.67. The lowest was 13.37. And the median was 19.10.

XKLS:7215PA.PFD's Days Payable is ranked better than
52.52% of 417 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 68.33 vs XKLS:7215PA.PFD: 72.67

Ni Hsin Group Bhd's Days Payable increased from Sep. 2023 (96.37) to Sep. 2024 (102.75). It may suggest that Ni Hsin Group Bhd delayed paying its suppliers.

Ni Hsin Group Bhd Days Payable Historical Data

The historical data trend for Ni Hsin Group 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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Ni Hsin Group Bhd Days Payable Chart

Ni Hsin Group Bhd Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.68

24.87

17.11

15.94

21.07

Ni Hsin Group 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															96.37	40.46	67.72	77.00	102.75

Competitive Comparison of Ni Hsin Group Bhd's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Ni Hsin Group 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.

Ni Hsin Group Bhd's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Ni Hsin Group Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Ni Hsin Group Bhd's Days Payable falls into.

Ni Hsin Group 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.

Ni Hsin Group 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
=	( (1.195	+	1.488)	/	2 )	/	23.244	*	365
=	1.3415					/	23.244	*	365
=	21.07

Ni Hsin Group 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
=	( (6.898	+	6.366)	/	2 )	/	5.89	*	365 / 4
=	6.632					/	5.89	*	365 / 4
=	102.75

Ni Hsin Group Bhd Days Payable Related Terms

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Ni Hsin Group Bhd Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Ni Hsin Group Bhd (XKLS:7215PA.PFD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7215:Malaysia

Address

45, Jalan Taming Dua, Taman Taming Jaya, Seri Kembangan, SGR, MYS, 43300

Website

https://www.ni-hsin.com

Ni Hsin Group Bhd is a manufacturer of premium stainless-steel multi-ply cookware in Malaysia. The business of the company is organized into the following product segments, Cookware, Stainless-steel products, Food and beverages, Logistics services, and Electric vehicles. The products manufactured and sold under the cookware segment include premium multi-ply stainless steel cookware and pressure cookers which are sold locally and exported overseas.

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