Mainland Headwear Holdings (HKSE:01100) Days Payable : 67.51 (As of Dec. 2023)

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What is Mainland Headwear Holdings Days Payable?

Mainland Headwear Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$161 Mil. Mainland Headwear Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$436 Mil. Hence, Mainland Headwear Holdings's Days Payable for the six months ended in Dec. 2023 was 67.51.

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

HKSE:01100' s Days Payable Range Over the Past 10 Years
Min: 35.2 Med: 58.81 Max: 78.05
Current: 71.81

During the past 13 years, Mainland Headwear Holdings's highest Days Payable was 78.05. The lowest was 35.20. And the median was 58.81.

HKSE:01100's Days Payable is ranked better than
62.05% of 1025 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs HKSE:01100: 71.81

Mainland Headwear Holdings's Days Payable increased from Dec. 2022 (66.06) to Dec. 2023 (67.51). It may suggest that Mainland Headwear Holdings delayed paying its suppliers.

Mainland Headwear Holdings Days Payable Historical Data

The historical data trend for Mainland Headwear 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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Mainland Headwear Holdings Days Payable Chart

Mainland Headwear Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.42

67.04

58.61

66.88

78.05

Mainland Headwear 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															55.64	60.02	66.06	69.72	67.51

Competitive Comparison of Mainland Headwear Holdings's Days Payable

For the Footwear & Accessories subindustry, Mainland Headwear 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.

Mainland Headwear Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

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

Mainland Headwear 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.

Mainland Headwear 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
=	( (233.579	+	169.544)	/	2 )	/	942.63	*	365
=	201.5615					/	942.63	*	365
=	78.05

Mainland Headwear 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
=	( (153.257	+	169.544)	/	2 )	/	436.302	*	365 / 2
=	161.4005					/	436.302	*	365 / 2
=	67.51

Mainland Headwear Holdings Days Payable Related Terms

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Mainland Headwear Holdings (HKSE:01100) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Mainland Headwear Holdings Ltd (HKSE:01100) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Sheung Yuet Road, Rooms 2301–2305, 23rd Floor, FTLife Tower, Kowloon Bay, Kowloon, Hong Kong, HKG

Website

http://www.mainland.com.hk

Mainland Headwear Holdings Ltd is an investment holding company. The group is mainly engaged in the design, manufacture, and retail of quality casual headwear. The firm operates in two segments including Manufacturing and Trading. In the Manufacturing segment, it manufactures headwear products for sale to its Trading and Retail Business as well as to external customers. The trading segment includes trading and distribution of headwear, apparel, small leather goods, bags and accessories. The firm sells its products in overseas countries with the US as the main market, followed by the European market. The key revenue is derived from the Manufacturing segment.

Mainland Headwear Holdings (HKSE:01100) Headlines

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