Cinese International Group Holdings (HKSE:01620) Days Payable : 46.50 (As of Dec. 2023)

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What is Cinese International Group Holdings Days Payable?

Cinese International Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$10.0 Mil. Cinese International Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$39.3 Mil. Hence, Cinese International Group Holdings's Days Payable for the six months ended in Dec. 2023 was 46.50.

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

HKSE:01620' s Days Payable Range Over the Past 10 Years
Min: 0.1 Med: 0.72 Max: 89.83
Current: 41.14

During the past 9 years, Cinese International Group Holdings's highest Days Payable was 89.83. The lowest was 0.10. And the median was 0.72.

HKSE:01620's Days Payable is ranked worse than
62.4% of 758 companies
in the Travel & Leisure industry
Industry Median: 58.07 vs HKSE:01620: 41.14

Cinese International Group Holdings's Days Payable increased from Dec. 2022 (1.41) to Dec. 2023 (46.50). It may suggest that Cinese International Group Holdings delayed paying its suppliers.

Cinese International Group Holdings Days Payable Historical Data

The historical data trend for Cinese International Group 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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Cinese International Group Holdings Days Payable Chart

Cinese International Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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0.40

1.42

54.03

89.83

47.03

Cinese International Group Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											35.25	75.65	1.41	21.85	46.50

Competitive Comparison of Cinese International Group Holdings's Days Payable

For the Travel Services subindustry, Cinese International Group 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.

Cinese International Group Holdings's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Cinese International Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Cinese International Group Holdings's Days Payable falls into.

Cinese International Group 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.

Cinese International Group 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
=	( (0.012	+	15.273)	/	2 )	/	59.312	*	365
=	7.6425					/	59.312	*	365
=	47.03

Cinese International Group 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
=	( (4.771	+	15.273)	/	2 )	/	39.337	*	365 / 2
=	10.022					/	39.337	*	365 / 2
=	46.50

Cinese International Group Holdings Days Payable Related Terms

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Cinese International Group Holdings (HKSE:01620) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Cinese International Group Holdings Ltd (HKSE:01620) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1090 Don Mills Road, Suite 304, Toronto, ON, CAN, M3C 3R6

Website

http://www.cighl.com

Cinese International Group Holdings Ltd is engaged in air ticket distribution, travel business process management, travel products and services, and other business process management. The business segments are air ticket distribution, travel business process management, travel products and services, and other business process management. The other business process management segment contributes to the majority of its revenue. Geographically, the majority of the company's revenue is generated from Canada.

Executives

Liu Xuebin	2201 Interest of corporation controlled by you
Tomorrow Education Holding Limited	2201 Interest of corporation controlled by you
Tomorrow Education Technology Limited	2101 Beneficial owner

Cinese International Group Holdings (HKSE:01620) Headlines

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