Xingye Alloy Materials Group (HKSE:00505) Days Payable : 70.04 (As of Dec. 2023)

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What is Xingye Alloy Materials Group Days Payable?

Xingye Alloy Materials Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,339 Mil. Xingye Alloy Materials Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,488 Mil. Hence, Xingye Alloy Materials Group's Days Payable for the six months ended in Dec. 2023 was 70.04.

The historical rank and industry rank for Xingye Alloy Materials Group's Days Payable or its related term are showing as below:

HKSE:00505' s Days Payable Range Over the Past 10 Years
Min: 35.1 Med: 49.12 Max: 80.47
Current: 79.94

During the past 13 years, Xingye Alloy Materials Group's highest Days Payable was 80.47. The lowest was 35.10. And the median was 49.12.

HKSE:00505's Days Payable is ranked worse than
60.3% of 1068 companies
in the Metals & Mining industry
Industry Median: 136.005 vs HKSE:00505: 79.94

Xingye Alloy Materials Group's Days Payable declined from Dec. 2022 (81.07) to Dec. 2023 (70.04). It may suggest that Xingye Alloy Materials Group accelerated paying its suppliers.

Xingye Alloy Materials Group Days Payable Historical Data

The historical data trend for Xingye Alloy Materials Group'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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Xingye Alloy Materials Group Days Payable Chart

Xingye Alloy Materials Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

36.02

44.48

44.81

74.16

80.47

Xingye Alloy Materials Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															45.42	63.15	81.07	91.87	70.04

Competitive Comparison of Xingye Alloy Materials Group's Days Payable

For the Copper subindustry, Xingye Alloy Materials Group'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.

Xingye Alloy Materials Group's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Xingye Alloy Materials Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Xingye Alloy Materials Group's Days Payable falls into.

Xingye Alloy Materials Group 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.

Xingye Alloy Materials Group'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
=	( (1428.337	+	1326.816)	/	2 )	/	6248.584	*	365
=	1377.5765					/	6248.584	*	365
=	80.47

Xingye Alloy Materials Group'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1350.636	+	1326.816)	/	2 )	/	3488.483	*	365 / 2
=	1338.726					/	3488.483	*	365 / 2
=	70.04

Xingye Alloy Materials Group Days Payable Related Terms

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Xingye Alloy Materials Group (HKSE:00505) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Xingye Alloy Materials Group Ltd (HKSE:00505) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

37-39 Hung To Road, Flat 11, 11th Floor, Hung Tai Industrial Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.xingyealloy.com

Xingye Alloy Materials Group Ltd is an investment holding company engaged in the copper products business. The principal activities of the company are the manufacturing and sales of high-precision copper plates and strips, trading of raw materials, provision of processing services, the management of a portfolio of investment and development, and operation and distribution of internet and mobile gaming products The company generates its revenue from Mainland China, South Korea, Hong Kong, Taiwan, Bangladesh, India, Thailand, and Other countries.

Executives

Hu Changyuan	2101 Beneficial owner
Yu Yuesu	2202 Interest of your spouse
Ma Jiafeng	2201 Interest of corporation controlled by you
Xie Shicai	2201 Interest of corporation controlled by you
Dynamic Empire Holdings Limited	2201 Interest of corporation controlled by you
Come Fortune International Limited	2101 Beneficial owner
Zedra Trust Company (singapore) Limited	2301 Trustee
Bostone Group Limited	2101 Beneficial owner

Xingye Alloy Materials Group (HKSE:00505) Headlines

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