Wecon Holdings (HKSE:01793) Days Payable : 52.09 (As of Sep. 2023)

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What is Wecon Holdings Days Payable?

Wecon Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$134.8 Mil. Wecon Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$472.2 Mil. Hence, Wecon Holdings's Days Payable for the six months ended in Sep. 2023 was 52.09.

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

HKSE:01793' s Days Payable Range Over the Past 10 Years
Min: 43.23 Med: 49.61 Max: 69.07
Current: 60.25

During the past 8 years, Wecon Holdings's highest Days Payable was 69.07. The lowest was 43.23. And the median was 49.61.

HKSE:01793's Days Payable is ranked worse than
61.31% of 1605 companies
in the Construction industry
Industry Median: 74.58 vs HKSE:01793: 60.25

Wecon Holdings's Days Payable declined from Sep. 2022 (73.54) to Sep. 2023 (52.09). It may suggest that Wecon Holdings accelerated paying its suppliers.

Wecon Holdings Days Payable Historical Data

The historical data trend for Wecon 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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Wecon Holdings Days Payable Chart

Wecon Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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49.07

50.15

56.95

54.59

69.07

Wecon Holdings Semi-Annual Data
	Mar16	Mar17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial									64.85	61.31	73.54	66.53	52.09

Competitive Comparison of Wecon Holdings's Days Payable

For the Engineering & Construction subindustry, Wecon 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.

Wecon Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Wecon Holdings's Days Payable distribution charts can be found below:

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

Wecon 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.

Wecon Holdings'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
=	( (185.006	+	129.115)	/	2 )	/	830.011	*	365
=	157.0605					/	830.011	*	365
=	69.07

Wecon Holdings'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
=	( (129.115	+	140.428)	/	2 )	/	472.209	*	365 / 2
=	134.7715					/	472.209	*	365 / 2
=	52.09

Wecon Holdings Days Payable Related Terms

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Wecon Holdings (HKSE:01793) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Wecon Holdings Ltd (HKSE:01793) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

244-252 Des Voeux Road Central, 18th Floor, Tung Hip Commercial Building, Hong Kong, HKG

Website

https://www.wecon.com.hk

Wecon Holdings Ltd is an investment holding company. The company's operating segment includes Building construction services and RMAA works services. The Building construction services provided by the group primarily consist of building works for new buildings, including residential, commercial, and industrial buildings. Its RMAA works services include the general upkeep, maintenance, improvement, refurbishment, alteration, and addition of existing facilities and components of buildings and their surroundings. It generates maximum revenue from the Construction contracts segment. Geographically, it derives revenue from Hong Kong.

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