Prosperous Industrial (Holdings) (HKSE:01731) Days Payable : 40.25 (As of Dec. 2023)

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What is Prosperous Industrial (Holdings) Days Payable?

Prosperous Industrial (Holdings)'s average Accounts Payable for the six months ended in Dec. 2023 was HK$124 Mil. Prosperous Industrial (Holdings)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$563 Mil. Hence, Prosperous Industrial (Holdings)'s Days Payable for the six months ended in Dec. 2023 was 40.25.

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

HKSE:01731' s Days Payable Range Over the Past 10 Years
Min: 38.11 Med: 44.88 Max: 54.52
Current: 38.59

During the past 9 years, Prosperous Industrial (Holdings)'s highest Days Payable was 54.52. The lowest was 38.11. And the median was 44.88.

HKSE:01731's Days Payable is ranked worse than
66.86% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs HKSE:01731: 38.59

Prosperous Industrial (Holdings)'s Days Payable increased from Dec. 2022 (40.10) to Dec. 2023 (40.25). It may suggest that Prosperous Industrial (Holdings) delayed paying its suppliers.

Prosperous Industrial (Holdings) Days Payable Historical Data

The historical data trend for Prosperous Industrial (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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Prosperous Industrial (Holdings) Days Payable Chart

Prosperous Industrial (Holdings) Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

38.11

46.70

54.52

41.98

46.38

Prosperous Industrial (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											49.23	30.59	40.10	30.43	40.25

Competitive Comparison of Prosperous Industrial (Holdings)'s Days Payable

For the Footwear & Accessories subindustry, Prosperous Industrial (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.

Prosperous Industrial (Holdings)'s Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

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

* The bar in red indicates where Prosperous Industrial (Holdings)'s Days Payable falls into.

Prosperous Industrial (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.

Prosperous Industrial (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
=	( (159.616	+	166.677)	/	2 )	/	1283.822	*	365
=	163.1465					/	1283.822	*	365
=	46.38

Prosperous Industrial (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
=	( (81.573	+	166.677)	/	2 )	/	562.798	*	365 / 2
=	124.125					/	562.798	*	365 / 2
=	40.25

Prosperous Industrial (Holdings) Days Payable Related Terms

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Prosperous Industrial (Holdings) (HKSE:01731) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Prosperous Industrial (Holdings) Ltd (HKSE:01731) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

71-75 Container Port Road, Unit 1-2, 1st Floor, Join-In Hang Sing Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

http://www.pihl.hk

Prosperous Industrial (Holdings) Ltd is an investment holding company principally engaged in the manufacturing and sale of sports bags, handbags and luggage bags. The company's products are categorized as outdoor and sporting bags including day packs and overnight backpacks, which are designed with larger volumes; functional bags such as camera backpacks with multiple pockets and waterproof hydration backpacks; fashion and casual bags, as well as other bags and packs. The company mainly operates its products to North America, Asia, and Europe market.

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