ICO Group (HKSE:01460) Days Payable : 61.67 (As of Sep. 2023)

View and export this data going back to 2015. Start your Free Trial

What is ICO Group Days Payable?

ICO Group's average Accounts Payable for the six months ended in Sep. 2023 was HK$142.9 Mil. ICO Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$422.8 Mil. Hence, ICO Group's Days Payable for the six months ended in Sep. 2023 was 61.67.

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

HKSE:01460' s Days Payable Range Over the Past 10 Years
Min: 33.7 Med: 51.09 Max: 75.27
Current: 59.64

During the past 10 years, ICO Group's highest Days Payable was 75.27. The lowest was 33.70. And the median was 51.09.

HKSE:01460's Days Payable is ranked better than
54.8% of 2531 companies
in the Software industry
Industry Median: 50.13 vs HKSE:01460: 59.64

ICO Group's Days Payable increased from Sep. 2022 (52.94) to Sep. 2023 (61.67). It may suggest that ICO Group delayed paying its suppliers.

ICO Group Days Payable Historical Data

The historical data trend for ICO Group'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.

* Premium members only.

ICO Group Days Payable Chart

ICO Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

Get a 7-Day Free Trial

45.80

51.15

51.02

50.42

56.07

ICO Group 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															52.37	47.36	52.94	59.15	61.67

Competitive Comparison of ICO Group's Days Payable

For the Information Technology Services subindustry, ICO Group'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.

ICO Group's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where ICO Group's Days Payable falls into.

ICO Group 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.

ICO Group'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
=	( (77.217	+	138.96)	/	2 )	/	703.581	*	365
=	108.0885					/	703.581	*	365
=	56.07

ICO Group'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
=	( (138.96	+	146.822)	/	2 )	/	422.829	*	365 / 2
=	142.891					/	422.829	*	365 / 2
=	61.67

ICO Group Days Payable Related Terms

Thank you for viewing the detailed overview of ICO Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

ICO Group (HKSE:01460) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICO Group Ltd (HKSE:01460) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Shing Yip Street, Unit A, 25th Floor, TG Place, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.1460.hk

ICO Group Ltd along with its subsidiaries is engaged in the provision of Information technology(IT) solutions and services. The business activity of the group is functioned through IT application and solution development; IT infrastructure solutions; IT secondment services; Maintenance and support services, and Property leasing and e-commerce business segment. The company drives a majority of the revenue from The IT Infrastructure solutions segment which is engaged in the provision of IT infrastructure solutions and sale of IT infrastructure solution related hardware and software. Geographically, the activities are carried out in Hong Kong and the PRC, of which maximum revenue is generated from Hong Kong.

Executives

Chan Kwok Pui	2101 Beneficial owner
Lee Cheong Yuen	2401 A concert party to an agreement to buy shares
Saetia Ladda	2202 Interest of your spouse
Tam Kwok Wah	2401 A concert party to an agreement to buy shares
Choi Chiu Fai Stanley
Biz Cloud Limited
Cloud Gear Limited
Friends True Limited
Imagine Cloud Limited

ICO Group (HKSE:01460) Headlines

No Headlines