Ares Asia (HKSE:00645) Days Payable : 47.76 (As of Sep. 2023)

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What is Ares Asia Days Payable?

Ares Asia's average Accounts Payable for the six months ended in Sep. 2023 was HK$56.9 Mil. Ares Asia's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$217.5 Mil. Hence, Ares Asia's Days Payable for the six months ended in Sep. 2023 was 47.76.

The historical rank and industry rank for Ares Asia's Days Payable or its related term are showing as below:

HKSE:00645' s Days Payable Range Over the Past 10 Years
Min: 5.35 Med: 16.85 Max: 82.77
Current: 34.71

During the past 13 years, Ares Asia's highest Days Payable was 82.77. The lowest was 5.35. And the median was 16.85.

HKSE:00645's Days Payable is ranked worse than
72.22% of 126 companies
in the Other Energy Sources industry
Industry Median: 64.77 vs HKSE:00645: 34.71

Ares Asia's Days Payable declined from Sep. 2022 (93.11) to Sep. 2023 (47.76). It may suggest that Ares Asia accelerated paying its suppliers.

Ares Asia Days Payable Historical Data

The historical data trend for Ares Asia'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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Ares Asia Days Payable Chart

Ares Asia Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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21.82

48.91

34.89

49.02

82.77

Ares Asia 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															-	89.44	93.11	34.47	47.76

Competitive Comparison of Ares Asia's Days Payable

For the Thermal Coal subindustry, Ares Asia'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.

Ares Asia's Days Payable Distribution in the Other Energy Sources Industry

For the Other Energy Sources industry and Energy sector, Ares Asia's Days Payable distribution charts can be found below:

* The bar in red indicates where Ares Asia's Days Payable falls into.

Ares Asia 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.

Ares Asia'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
=	( (106.273	+	77.153)	/	2 )	/	404.436	*	365
=	91.713					/	404.436	*	365
=	82.77

Ares Asia'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
=	( (77.153	+	36.669)	/	2 )	/	217.476	*	365 / 2
=	56.911					/	217.476	*	365 / 2
=	47.76

Ares Asia Days Payable Related Terms

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Ares Asia (HKSE:00645) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Other Energy Sources » Ares Asia Ltd (HKSE:00645) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1 Austin Road West, Unit No. 9608, Level 96, International Commerce Centre, Kowloon, Hong Kong, HKG

Website

http://www.aresasialtd.com

Ares Asia Ltd is an investment holding company. The group is principally engaged in the business of coal trading, entailing the selling of coal purchased from various countries to Mainland China and other commodities trading, which encompasses supply chain management and risk management service. Its business falls under the primary segment of Coal and other trading. Geographically, the group has a business presence in Mainland China, Hong Kong, and other countries, of which maximum revenue is derived from Mainland China.

Executives

Reignwood International Holdings Company Limited	2101 Beneficial owner
Ruayrungruang Chanchai	2201 Interest of corporation controlled by you

Ares Asia (HKSE:00645) Headlines

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