Kantone Holdings (HKSE:01059) Days Payable : 32.82 (As of Dec. 2023)

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What is Kantone Holdings Days Payable?

Kantone Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$5.9 Mil. Kantone Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$32.7 Mil. Hence, Kantone Holdings's Days Payable for the six months ended in Dec. 2023 was 32.82.

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

HKSE:01059' s Days Payable Range Over the Past 10 Years
Min: 16.21 Med: 34.12 Max: 184.36
Current: 29.31

During the past 13 years, Kantone Holdings's highest Days Payable was 184.36. The lowest was 16.21. And the median was 34.12.

HKSE:01059's Days Payable is ranked worse than
67.84% of 2531 companies
in the Software industry
Industry Median: 50.16 vs HKSE:01059: 29.31

Kantone Holdings's Days Payable increased from Dec. 2022 (27.73) to Dec. 2023 (32.82). It may suggest that Kantone Holdings delayed paying its suppliers.

Kantone Holdings Days Payable Historical Data

The historical data trend for Kantone 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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Kantone Holdings Days Payable Chart

Kantone Holdings Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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35.12

28.28

33.11

24.72

37.18

Kantone 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															26.08	21.27	27.73	33.50	32.82

Competitive Comparison of Kantone Holdings's Days Payable

For the Information Technology Services subindustry, Kantone 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.

Kantone Holdings's Days Payable Distribution in the Software Industry

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

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

Kantone 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.

Kantone Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (3.22	+	7.87)	/	2 )	/	54.438	*	365
=	5.545					/	54.438	*	365
=	37.18

Kantone 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
=	( (7.87	+	3.891)	/	2 )	/	32.703	*	365 / 2
=	5.8805					/	32.703	*	365 / 2
=	32.82

Kantone Holdings Days Payable Related Terms

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Kantone Holdings (HKSE:01059) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kantone Holdings Ltd (HKSE:01059) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

KTHGF:USA

Address

188 Connaught Road West, Unit 4213, 42nd Floor, Hong Kong, HKG

Website

https://www.tricor.com.hk

Kantone Holdings Ltd is an investment holding company. The company's operating segment includes Sales of cultural products; Technology: System sales including software licensing and services and Technology: Leasing of system products. It generates maximum revenue from the Technology: System sales including software licensing and services segment. Geographically, it derives a majority of its revenue from Europe.

Executives

Innovative City Investments Limited	2101 Beneficial owner
Chan Koon Wa	2201 Interest of corporation controlled by you

Kantone Holdings (HKSE:01059) Headlines

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