Speedy Global Holdings (HKSE:00540) Days Payable : 40.45 (As of Dec. 2023)

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What is Speedy Global Holdings Days Payable?

Speedy Global Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$58.4 Mil. Speedy Global Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$263.4 Mil. Hence, Speedy Global Holdings's Days Payable for the six months ended in Dec. 2023 was 40.45.

The historical rank and industry rank for Speedy Global Holdings's Days Payable or its related term are showing as below:

HKSE:00540' s Days Payable Range Over the Past 10 Years
Min: 52.72 Med: 91.31 Max: 115.22
Current: 52.72

During the past 13 years, Speedy Global Holdings's highest Days Payable was 115.22. The lowest was 52.72. And the median was 91.31.

HKSE:00540's Days Payable is ranked worse than
53.09% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs HKSE:00540: 52.72

Speedy Global Holdings's Days Payable declined from Dec. 2022 (59.55) to Dec. 2023 (40.45). It may suggest that Speedy Global Holdings accelerated paying its suppliers.

Speedy Global Holdings Days Payable Historical Data

The historical data trend for Speedy Global Holdings'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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Speedy Global Holdings Days Payable Chart

Speedy Global Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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77.46

115.22

68.68

53.44

58.69

Speedy Global Holdings 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															49.16	107.52	59.55	65.05	40.45

Competitive Comparison of Speedy Global Holdings's Days Payable

For the Apparel Manufacturing subindustry, Speedy Global Holdings'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.

Speedy Global Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Speedy Global Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Speedy Global Holdings's Days Payable falls into.

Speedy Global Holdings 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.

Speedy Global Holdings'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
=	( (66.525	+	69.504)	/	2 )	/	423.008	*	365
=	68.0145					/	423.008	*	365
=	58.69

Speedy Global Holdings'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
=	( (47.251	+	69.504)	/	2 )	/	263.411	*	365 / 2
=	58.3775					/	263.411	*	365 / 2
=	40.45

Speedy Global Holdings Days Payable Related Terms

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Speedy Global Holdings (HKSE:00540) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Speedy Global Holdings Ltd (HKSE:00540) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27 Huailin Road, 5th Floor , Block Two, Huaide Village, Humen Town, Dongguan, CHN

Website

http://www.speedy-global.com

Speedy Global Holdings Ltd is engaged in the apparel supply chain servicing business which offers a wide range of woven wear, cut-and-sewn knitwear, and sweater knitwear products to a number of owners or agents of global reputable brands, the group had also been engaged in the apparel retail business operating in the People's Republic of China, and the property investment and development business. Its segments include the Apparel supply chain servicing business, Apparel retail business, and Property investment and Development business. The majority of revenue is derived from the Apparel supply chain servicing business. The group's revenue is mainly derived from customers located in China (including Hong Kong and the PRC).

Executives

Chan Hung Kwong Patrick

2101 Beneficial owner

Speedy Global Holdings (HKSE:00540) Headlines

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