Hong Kong ChaoShang Group (HKSE:02322) Days Payable : 102.33 (As of Sep. 2023)

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What is Hong Kong ChaoShang Group Days Payable?

Hong Kong ChaoShang Group's average Accounts Payable for the six months ended in Sep. 2023 was HK$42.9 Mil. Hong Kong ChaoShang Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$76.6 Mil. Hence, Hong Kong ChaoShang Group's Days Payable for the six months ended in Sep. 2023 was 102.33.

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

HKSE:02322' s Days Payable Range Over the Past 10 Years
Min: 1.5 Med: 67.09 Max: 140.96
Current: 104.98

During the past 13 years, Hong Kong ChaoShang Group's highest Days Payable was 140.96. The lowest was 1.50. And the median was 67.09.

HKSE:02322's Days Payable is ranked better than
75% of 468 companies
in the Conglomerates industry
Industry Median: 58.265 vs HKSE:02322: 104.98

Hong Kong ChaoShang Group's Days Payable increased from Sep. 2022 (44.34) to Sep. 2023 (102.33). It may suggest that Hong Kong ChaoShang Group delayed paying its suppliers.

Hong Kong ChaoShang Group Days Payable Historical Data

The historical data trend for Hong Kong ChaoShang 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.

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Hong Kong ChaoShang Group Days Payable Chart

Hong Kong ChaoShang Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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140.96

40.53

59.41

115.50

74.76

Hong Kong ChaoShang 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															98.79	98.65	44.34	103.72	102.33

Competitive Comparison of Hong Kong ChaoShang Group's Days Payable

For the Conglomerates subindustry, Hong Kong ChaoShang 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.

Hong Kong ChaoShang Group's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Hong Kong ChaoShang Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Hong Kong ChaoShang Group's Days Payable falls into.

Hong Kong ChaoShang 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.

Hong Kong ChaoShang 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
=	( (34.915	+	33.105)	/	2 )	/	166.056	*	365
=	34.01					/	166.056	*	365
=	74.76

Hong Kong ChaoShang 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
=	( (33.105	+	52.754)	/	2 )	/	76.56	*	365 / 2
=	42.9295					/	76.56	*	365 / 2
=	102.33

Hong Kong ChaoShang Group Days Payable Related Terms

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Hong Kong ChaoShang Group (HKSE:02322) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Hong Kong ChaoShang Group Ltd (HKSE:02322) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

26 Harbour Road, Suite 2202, 22nd Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

http://www.chaoshang.hk

Hong Kong ChaoShang Group Ltd is an investment holding company. It is engaged in Trading, Moneylending, Finance leasing, and Finance Services. The trading segment is a key revenue driver, involved in the trading of goods in the PRC. Money lending includes the provision of loan and factoring financing in Hong Kong and the PRC whereas, the finance leasing segment is engaged in the provision of finance leasing and sale-leaseback in the PRC. The financial services segment engaged in the provision of securities dealing broking, placing, underwriting, margin financing and asset management services in Hong Kong.

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