Sincere Watch (Hong Kong) (HKSE:00444) Days Payable : 137.32 (As of Sep. 2023)

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What is Sincere Watch (Hong Kong) Days Payable?

Sincere Watch (Hong Kong)'s average Accounts Payable for the six months ended in Sep. 2023 was HK$57.4 Mil. Sincere Watch (Hong Kong)'s Cost of Goods Sold for the six months ended in Sep. 2023 was HK$76.3 Mil. Hence, Sincere Watch (Hong Kong)'s Days Payable for the six months ended in Sep. 2023 was 137.32.

The historical rank and industry rank for Sincere Watch (Hong Kong)'s Days Payable or its related term are showing as below:

HKSE:00444' s Days Payable Range Over the Past 10 Years
Min: 91.27 Med: 181.84 Max: 249.56
Current: 124.29

During the past 13 years, Sincere Watch (Hong Kong)'s highest Days Payable was 249.56. The lowest was 91.27. And the median was 181.84.

HKSE:00444's Days Payable is ranked better than
82.35% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs HKSE:00444: 124.29

Sincere Watch (Hong Kong)'s Days Payable declined from Sep. 2022 (238.13) to Sep. 2023 (137.32). It may suggest that Sincere Watch (Hong Kong) accelerated paying its suppliers.

Sincere Watch (Hong Kong) Days Payable Historical Data

The historical data trend for Sincere Watch (Hong Kong)'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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Sincere Watch (Hong Kong) Days Payable Chart

Sincere Watch (Hong Kong) Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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206.08

190.63

91.27

101.17

136.72

Sincere Watch (Hong Kong) 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															93.93	106.85	238.13	115.33	137.32

Competitive Comparison of Sincere Watch (Hong Kong)'s Days Payable

For the Luxury Goods subindustry, Sincere Watch (Hong Kong)'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.

Sincere Watch (Hong Kong)'s Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Sincere Watch (Hong Kong)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Sincere Watch (Hong Kong)'s Days Payable falls into.

Sincere Watch (Hong Kong) 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.

Sincere Watch (Hong Kong)'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
=	( (31.139	+	57.96)	/	2 )	/	118.934	*	365
=	44.5495					/	118.934	*	365
=	136.72

Sincere Watch (Hong Kong)'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
=	( (57.96	+	56.832)	/	2 )	/	76.28	*	365 / 2
=	57.396					/	76.28	*	365 / 2
=	137.32

Sincere Watch (Hong Kong) Days Payable Related Terms

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Sincere Watch (Hong Kong) (HKSE:00444) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Sincere Watch (Hong Kong) Ltd (HKSE:00444) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

20/F China Merchants Tower, Shun Tak Centre, Unit 2016–2018, 168–200 Connaught Road Central, Hong Kong, HKG

Website

http://www.sincerewatch.com.hk

Sincere Watch (Hong Kong) Ltd sells luxury third-party-branded watches, timepieces, and accessories in Asia. The majority of its sales are in Mainland China and Macau, with the remaining sales in Hong Kong. Brands that Sincere sells include Franck Muller, CVSTOS, Pierre Kunz, European Company Watch, and Backes & Strauss. The company sells merchandise through retail outlets operated by independent watch dealers and through its company-operated boutiques. Sincere also has a dining business that accounts for a small amount of total revenue.

Sincere Watch (Hong Kong) (HKSE:00444) Headlines

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