Dingyi Group Investment (HKSE:00508) Days Payable : 3.58 (As of Sep. 2023)

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What is Dingyi Group Investment Days Payable?

Dingyi Group Investment's average Accounts Payable for the six months ended in Sep. 2023 was HK$1.2 Mil. Dingyi Group Investment's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$62.4 Mil. Hence, Dingyi Group Investment's Days Payable for the six months ended in Sep. 2023 was 3.58.

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

HKSE:00508' s Days Payable Range Over the Past 10 Years
Min: 1.43 Med: 80.65 Max: 917.39
Current: 240.05

During the past 13 years, Dingyi Group Investment's highest Days Payable was 917.39. The lowest was 1.43. And the median was 80.65.

HKSE:00508's Days Payable is ranked better than
80.63% of 284 companies
in the Credit Services industry
Industry Median: 48.93 vs HKSE:00508: 240.05

Dingyi Group Investment's Days Payable declined from Sep. 2022 (50.04) to Sep. 2023 (3.58). It may suggest that Dingyi Group Investment accelerated paying its suppliers.

Dingyi Group Investment Days Payable Historical Data

The historical data trend for Dingyi Group Investment'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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Dingyi Group Investment Days Payable Chart

Dingyi Group Investment Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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25.55

108.44

52.85

917.39

1.43

Dingyi Group Investment 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															998.62	624.41	50.04	248.41	3.58

Competitive Comparison of Dingyi Group Investment's Days Payable

For the Credit Services subindustry, Dingyi Group Investment'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.

Dingyi Group Investment's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Dingyi Group Investment's Days Payable distribution charts can be found below:

* The bar in red indicates where Dingyi Group Investment's Days Payable falls into.

Dingyi Group Investment 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.

Dingyi Group Investment'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
=	( (5.854	+	1.822)	/	2 )	/	982.658	*	365
=	3.838					/	982.658	*	365
=	1.43

Dingyi Group Investment'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
=	( (1.822	+	0.625)	/	2 )	/	62.415	*	365 / 2
=	1.2235					/	62.415	*	365 / 2
=	3.58

Dingyi Group Investment Days Payable Related Terms

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Dingyi Group Investment (HKSE:00508) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Dingyi Group Investment Ltd (HKSE:00508) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Harbour Road, Units 2703, 27th Floor, Wanchai, Convention Plaza - Office Tower, Hong Kong, HKG

Website

http://www.dingyi.hk

Dingyi Group Investment Ltd is a Hong-based company engaged in loan financing, securities trading, and property development, Its operating segments include securities trading business; loan financing business; and property development business of which it generates the majority of the revenue from the property development business.

Executives

Li Kwong Yuk	2101 Beneficial owner
Wincon Capital Investment Limited	2101 Beneficial owner
Zhong Guo Chuan Bo Ji Tuan You Xian Gong Si	2201 Interest of corporation controlled by you
China Shipbuilding Capital Limited	2101 Beneficial owner

Dingyi Group Investment (HKSE:00508) Headlines

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