Heng Leasing and Capital PCL (BKK:HENG) Days Payable : 2.46 (As of Mar. 2024)

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What is Heng Leasing and Capital PCL Days Payable?

Heng Leasing and Capital PCL's average Accounts Payable for the three months ended in Mar. 2024 was ฿12 Mil. Heng Leasing and Capital PCL's Cost of Goods Sold for the three months ended in Mar. 2024 was ฿460 Mil. Hence, Heng Leasing and Capital PCL's Days Payable for the three months ended in Mar. 2024 was 2.46.

The historical rank and industry rank for Heng Leasing and Capital PCL's Days Payable or its related term are showing as below:

BKK:HENG' s Days Payable Range Over the Past 10 Years
Min: 0.31 Med: 0.49 Max: 1.62
Current: 1.56

During the past 8 years, Heng Leasing and Capital PCL's highest Days Payable was 1.62. The lowest was 0.31. And the median was 0.49.

BKK:HENG's Days Payable is ranked worse than
95.77% of 284 companies
in the Credit Services industry
Industry Median: 48.93 vs BKK:HENG: 1.56

Heng Leasing and Capital PCL's Days Payable increased from Mar. 2023 (0.57) to Mar. 2024 (2.46). It may suggest that Heng Leasing and Capital PCL delayed paying its suppliers.

Heng Leasing and Capital PCL Days Payable Historical Data

The historical data trend for Heng Leasing and Capital PCL'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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Heng Leasing and Capital PCL Days Payable Chart

Heng Leasing and Capital PCL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1.05

0.43

0.31

0.49

1.62

Heng Leasing and Capital PCL Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													0.57	-	-	2.70	2.46

Competitive Comparison of Heng Leasing and Capital PCL's Days Payable

For the Credit Services subindustry, Heng Leasing and Capital PCL'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.

Heng Leasing and Capital PCL's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Heng Leasing and Capital PCL's Days Payable distribution charts can be found below:

* The bar in red indicates where Heng Leasing and Capital PCL's Days Payable falls into.

Heng Leasing and Capital PCL 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.

Heng Leasing and Capital PCL'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
=	( (2.47	+	12.407)	/	2 )	/	1674.587	*	365
=	7.4385					/	1674.587	*	365
=	1.62

Heng Leasing and Capital PCL'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
=	( (12.407	+	0)	/	1 )	/	459.89	*	365 / 4
=	12.407					/	459.89	*	365 / 4
=	2.46

Heng Leasing and Capital PCL Days Payable Related Terms

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Heng Leasing and Capital PCL (BKK:HENG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Heng Leasing and Capital PCL (BKK:HENG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

69 Moo 7, Tambon Sansai Noi, Amphur Sansai, Chiang Mai, THA, 50210

Website

https://www.hengleasing.com

Heng Leasing and Capital PCL is engaged in the single operating segment of hire purchase and loan receivables. The operations are carried on in a single geographical area of Thailand.

Heng Leasing and Capital PCL (BKK:HENG) Headlines

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