HK Electric Investments and HK Electric Investments (HKSE:02638) Days Payable : 224.40 (As of Dec. 2023)

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What is HK Electric Investments and HK Electric Investments Days Payable?

HK Electric Investments and HK Electric Investments's average Accounts Payable for the six months ended in Dec. 2023 was HK$3,540 Mil. HK Electric Investments and HK Electric Investments's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,879 Mil. Hence, HK Electric Investments and HK Electric Investments's Days Payable for the six months ended in Dec. 2023 was 224.40.

The historical rank and industry rank for HK Electric Investments and HK Electric Investments's Days Payable or its related term are showing as below:

HKSE:02638' s Days Payable Range Over the Past 10 Years
Min: 95.52 Med: 180.58 Max: 295.59
Current: 266.61

During the past 11 years, HK Electric Investments and HK Electric Investments's highest Days Payable was 295.59. The lowest was 95.52. And the median was 180.58.

HKSE:02638's Days Payable is ranked better than
88.66% of 494 companies
in the Utilities - Regulated industry
Industry Median: 66.43 vs HKSE:02638: 266.61

HK Electric Investments and HK Electric Investments's Days Payable declined from Dec. 2022 (294.11) to Dec. 2023 (224.40). It may suggest that HK Electric Investments and HK Electric Investments accelerated paying its suppliers.

HK Electric Investments and HK Electric Investments Days Payable Historical Data

The historical data trend for HK Electric Investments and HK Electric Investments'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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HK Electric Investments and HK Electric Investments Days Payable Chart

HK Electric Investments and HK Electric Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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177.14

195.54

224.56

295.59

274.53

HK Electric Investments and HK Electric Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															199.61	298.02	294.11	306.61	224.40

Competitive Comparison of HK Electric Investments and HK Electric Investments's Days Payable

For the Utilities - Regulated Electric subindustry, HK Electric Investments and HK Electric Investments'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.

HK Electric Investments and HK Electric Investments's Days Payable Distribution in the Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, HK Electric Investments and HK Electric Investments's Days Payable distribution charts can be found below:

* The bar in red indicates where HK Electric Investments and HK Electric Investments's Days Payable falls into.

HK Electric Investments and HK Electric Investments 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.

HK Electric Investments and HK Electric Investments'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
=	( (4718	+	3381)	/	2 )	/	5384	*	365
=	4049.5					/	5384	*	365
=	274.53

HK Electric Investments and HK Electric Investments'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
=	( (3699	+	3381)	/	2 )	/	2879	*	365 / 2
=	3540					/	2879	*	365 / 2
=	224.40

HK Electric Investments and HK Electric Investments Days Payable Related Terms

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HK Electric Investments and HK Electric Investments (HKSE:02638) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » HK Electric Investments and HK Electric Investments Ltd (HKSE:02638) » Definitions » Days Payable

Comparable Companies

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HKVTY:USA HKCVF:USA HKT:Germany

Address

44 Kennedy Road, Hong Kong Electric Centre, Hong Kong, HKG

Website

https://www.hkelectric.com

HK ELECTRIC INVESTMENTS LIMITED is a fixed single investment trust in Hong Kong with a focus on the power industry. The Company is a vertically integrated power utility and its operations comprise the generation, transmission, distribution and supply of electricity to Hong Kong Island and Lamma Island. Its principal operating subsidiary is The Hongkong Electric Company, Limited (HEC). HEC's sole power generation facility is the Lamma Power Station which has an aggregate installed capacity of approximately 3,700 megawatt (MW). The Company provides electricity to approximately 568,000 registered customers on Hong Kong Island and Lamma Island.

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