Maxnerva Technology Services (HKSE:01037) Days Payable : 74.89 (As of Dec. 2023)

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What is Maxnerva Technology Services Days Payable?

Maxnerva Technology Services's average Accounts Payable for the six months ended in Dec. 2023 was HK$124.9 Mil. Maxnerva Technology Services's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$304.5 Mil. Hence, Maxnerva Technology Services's Days Payable for the six months ended in Dec. 2023 was 74.89.

The historical rank and industry rank for Maxnerva Technology Services's Days Payable or its related term are showing as below:

HKSE:01037' s Days Payable Range Over the Past 10 Years
Min: 51.42 Med: 86.92 Max: 245.54
Current: 83.77

During the past 13 years, Maxnerva Technology Services's highest Days Payable was 245.54. The lowest was 51.42. And the median was 86.92.

HKSE:01037's Days Payable is ranked better than
64.4% of 2531 companies
in the Software industry
Industry Median: 50.16 vs HKSE:01037: 83.77

Maxnerva Technology Services's Days Payable increased from Dec. 2022 (73.97) to Dec. 2023 (74.89). It may suggest that Maxnerva Technology Services delayed paying its suppliers.

Maxnerva Technology Services Days Payable Historical Data

The historical data trend for Maxnerva Technology Services'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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Maxnerva Technology Services Days Payable Chart

Maxnerva Technology Services Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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82.86

85.49

84.24

77.91

88.35

Maxnerva Technology Services Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															77.41	82.66	73.97	87.53	74.89

Competitive Comparison of Maxnerva Technology Services's Days Payable

For the Information Technology Services subindustry, Maxnerva Technology Services'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.

Maxnerva Technology Services's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Maxnerva Technology Services's Days Payable distribution charts can be found below:

* The bar in red indicates where Maxnerva Technology Services's Days Payable falls into.

Maxnerva Technology Services 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.

Maxnerva Technology Services'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
=	( (187.699	+	119.983)	/	2 )	/	635.593	*	365
=	153.841					/	635.593	*	365
=	88.35

Maxnerva Technology Services'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
=	( (129.912	+	119.983)	/	2 )	/	304.491	*	365 / 2
=	124.9475					/	304.491	*	365 / 2
=	74.89

Maxnerva Technology Services Days Payable Related Terms

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Maxnerva Technology Services (HKSE:01037) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Maxnerva Technology Services Ltd (HKSE:01037) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

63 Mody Road, Room 1001, 10th Floor, Houston Centre, Tsim Sha Tsui East, Kowloon, Hong Kong, HKG

Website

http://www.maxnerva.com

Maxnerva Technology Services Ltd is an investment holding company engaged in the operating segments of Smart Office Business, Industrial Solution Business and New Retail Business. Smart Office business segment is engaged in the provision of video conference related solutions plus brand licensing and supply chain management of smart office equipment. Industrial Solution Business segment is involved in the provision of smart manufacturing solutions and services to improve the effectiveness and efficiency of production lines, plant facilities and the management of industrial parks .New Retail business segment provides advanced digital signage and other retail solutions to their customers It has a business presence in Hong Kong, the PRC, the United States, Taiwan and others.

Executives

Fsk Holdings Limited	2201 Interest of corporation controlled by you
Fdg Fund, L.p.	2101 Beneficial owner
Tse Tik Yang Denis	2201 Interest of corporation controlled by you
Foxconn (far East) Limited	2101 Beneficial owner

Maxnerva Technology Services (HKSE:01037) Headlines

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