Cirtek Holdings (HKSE:01433) Days Payable : 77.97 (As of Dec. 2023)

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What is Cirtek Holdings Days Payable?

Cirtek Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$48.0 Mil. Cirtek Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$112.4 Mil. Hence, Cirtek Holdings's Days Payable for the six months ended in Dec. 2023 was 77.97.

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

HKSE:01433' s Days Payable Range Over the Past 10 Years
Min: 54.51 Med: 74.09 Max: 98.99
Current: 86.8

During the past 8 years, Cirtek Holdings's highest Days Payable was 98.99. The lowest was 54.51. And the median was 74.09.

HKSE:01433's Days Payable is ranked better than
70.81% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.86 vs HKSE:01433: 86.80

Cirtek Holdings's Days Payable declined from Dec. 2022 (92.70) to Dec. 2023 (77.97). It may suggest that Cirtek Holdings accelerated paying its suppliers.

Cirtek Holdings Days Payable Historical Data

The historical data trend for Cirtek 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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Cirtek Holdings Days Payable Chart

Cirtek Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.48

98.99

80.69

84.87

96.48

Cirtek Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								72.56	80.91	92.70	86.55	77.97

Competitive Comparison of Cirtek Holdings's Days Payable

For the Apparel Manufacturing subindustry, Cirtek 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.

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

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

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

Cirtek 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.

Cirtek 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
=	( (53.572	+	57.323)	/	2 )	/	209.757	*	365
=	55.4475					/	209.757	*	365
=	96.48

Cirtek 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
=	( (38.748	+	57.323)	/	2 )	/	112.428	*	365 / 2
=	48.0355					/	112.428	*	365 / 2
=	77.97

Cirtek Holdings Days Payable Related Terms

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Cirtek Holdings (HKSE:01433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Cirtek Holdings Ltd (HKSE:01433) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15 Cheung Yue Street, 1st Floor, Wing Ming Industrial Centre, Lai Chi Kok, Kowloon, Hong Kong, HKG

Website

http://www.cirtek.com

Cirtek Holdings Ltd is engaged in manufacturing and sale of apparel products, such as hang tags, woven labels, printed labels and heat transfer products. It generates revenue from Hong Kong, Mainland China, Bangladesh, Vietnam, U.S and Other countries.

Executives

Charming International Limited	2101 Beneficial owner
Chan Sing Ming Barry	2201 Interest of corporation controlled by you
Law Miu Lan	2201 Interest of corporation controlled by you

Cirtek Holdings (HKSE:01433) Headlines

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