Far East Hotels & Entertainment (HKSE:00037) Days Payable : 8.81 (As of Sep. 2023)

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What is Far East Hotels & Entertainment Days Payable?

Far East Hotels & Entertainment's average Accounts Payable for the six months ended in Sep. 2023 was HK$0.60 Mil. Far East Hotels & Entertainment's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$12.33 Mil. Hence, Far East Hotels & Entertainment's Days Payable for the six months ended in Sep. 2023 was 8.81.

The historical rank and industry rank for Far East Hotels & Entertainment's Days Payable or its related term are showing as below:

HKSE:00037' s Days Payable Range Over the Past 10 Years
Min: 5.49 Med: 8.24 Max: 186.15
Current: 7.58

During the past 13 years, Far East Hotels & Entertainment's highest Days Payable was 186.15. The lowest was 5.49. And the median was 8.24.

HKSE:00037's Days Payable is ranked worse than
95% of 1579 companies
in the Real Estate industry
Industry Median: 98.03 vs HKSE:00037: 7.58

Far East Hotels & Entertainment's Days Payable increased from Sep. 2022 (6.22) to Sep. 2023 (8.81). It may suggest that Far East Hotels & Entertainment delayed paying its suppliers.

Far East Hotels & Entertainment Days Payable Historical Data

The historical data trend for Far East Hotels & Entertainment'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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Far East Hotels & Entertainment Days Payable Chart

Far East Hotels & Entertainment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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7.81

8.66

5.75

5.49

5.79

Far East Hotels & Entertainment Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															5.18	8.52	6.22	6.55	8.81

Competitive Comparison of Far East Hotels & Entertainment's Days Payable

For the Real Estate Services subindustry, Far East Hotels & Entertainment'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.

Far East Hotels & Entertainment's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Far East Hotels & Entertainment's Days Payable distribution charts can be found below:

* The bar in red indicates where Far East Hotels & Entertainment's Days Payable falls into.

Far East Hotels & Entertainment 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.

Far East Hotels & Entertainment'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
=	( (0.414	+	0.577)	/	2 )	/	31.258	*	365
=	0.4955					/	31.258	*	365
=	5.79

Far East Hotels & Entertainment's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.577	+	0.613)	/	2 )	/	12.332	*	365 / 2
=	0.595					/	12.332	*	365 / 2
=	8.81

Far East Hotels & Entertainment Days Payable Related Terms

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Far East Hotels & Entertainment (HKSE:00037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Far East Hotels & Entertainment Ltd (HKSE:00037) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Gloucester Road, Suite 1902, 19th Floor, The Sun’s Group Centre, Wanchai, Hong Kong, HKG

Website

https://www.tricor.com.hk/webservice/00037

Far East Hotels & Entertainment Ltd is a Hong Kong-based investment holding company. Through its subsidiaries, the company operates under business segments of Hotel operations in Hong Kong; Serviced property letting in Mainland China; Property investment in Hong Kong; Property investment overseas; and Securities investment and trading. The company earns maximum revenue from Hotel operations in Hong Kong. The group's operations are located in Hong Kong, Mainland China, and overseas.

Executives

Chiu Derek	2201 Interest of corporation controlled by you
Lui Yu Kin	2101 Beneficial owner

Far East Hotels & Entertainment (HKSE:00037) Headlines

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