Wah Sun Handbags International Holdings (HKSE:02683) Days Payable : 63.02 (As of Sep. 2023)

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What is Wah Sun Handbags International Holdings Days Payable?

Wah Sun Handbags International Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$94.0 Mil. Wah Sun Handbags International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$272.3 Mil. Hence, Wah Sun Handbags International Holdings's Days Payable for the six months ended in Sep. 2023 was 63.02.

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

HKSE:02683' s Days Payable Range Over the Past 10 Years
Min: 72.65 Med: 95.17 Max: 110.93
Current: 77.93

During the past 9 years, Wah Sun Handbags International Holdings's highest Days Payable was 110.93. The lowest was 72.65. And the median was 95.17.

HKSE:02683's Days Payable is ranked better than
66.47% of 1023 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 56.44 vs HKSE:02683: 77.93

Wah Sun Handbags International Holdings's Days Payable declined from Sep. 2022 (86.05) to Sep. 2023 (63.02). It may suggest that Wah Sun Handbags International Holdings accelerated paying its suppliers.

Wah Sun Handbags International Holdings Days Payable Historical Data

The historical data trend for Wah Sun Handbags International 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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Wah Sun Handbags International Holdings Days Payable Chart

Wah Sun Handbags International Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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107.08

92.44

110.93

72.65

96.63

Wah Sun Handbags International Holdings Semi-Annual Data
	Mar15	Mar16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial											77.51	91.28	86.05	102.02	63.02

Competitive Comparison of Wah Sun Handbags International Holdings's Days Payable

For the Footwear & Accessories subindustry, Wah Sun Handbags International 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.

Wah Sun Handbags International Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Wah Sun Handbags International Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Wah Sun Handbags International Holdings's Days Payable falls into.

Wah Sun Handbags International 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.

Wah Sun Handbags International 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
=	( (107.541	+	93.103)	/	2 )	/	378.964	*	365
=	100.322					/	378.964	*	365
=	96.63

Wah Sun Handbags International 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
=	( (93.103	+	94.97)	/	2 )	/	272.326	*	365 / 2
=	94.0365					/	272.326	*	365 / 2
=	63.02

Wah Sun Handbags International Holdings Days Payable Related Terms

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Wah Sun Handbags International Holdings (HKSE:02683) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Wah Sun Handbags International Holdings Ltd (HKSE:02683) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30-32 Au Pui Wan Street, Room 9, 6th Floor. Wah Yiu Industrial Centre, Fo Tan, Shatin, New Territories, Hong Kong, HKG

Website

http://www.wahsun.com.hk

Wah Sun Handbags International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of handbag products. Geographically, it derives a majority of revenue from the United States of America and also has a presence in Spain and Other countries. Its non-leather handbags are made of materials such as PU, PVC and various types of textile materials, which are mainly mass market and middle-end priced products.

Wah Sun Handbags International Holdings (HKSE:02683) Headlines

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