Ming Fai International Holdings (HKSE:03828) Days Payable : 50.94 (As of Dec. 2023)

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What is Ming Fai International Holdings Days Payable?

Ming Fai International Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$242 Mil. Ming Fai International Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$866 Mil. Hence, Ming Fai International Holdings's Days Payable for the six months ended in Dec. 2023 was 50.94.

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

HKSE:03828' s Days Payable Range Over the Past 10 Years
Min: 46.25 Med: 54.93 Max: 71.76
Current: 50.63

During the past 13 years, Ming Fai International Holdings's highest Days Payable was 71.76. The lowest was 46.25. And the median was 54.93.

HKSE:03828's Days Payable is ranked better than
55.48% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 45.835 vs HKSE:03828: 50.63

Ming Fai International Holdings's Days Payable increased from Dec. 2022 (40.28) to Dec. 2023 (50.94). It may suggest that Ming Fai International Holdings delayed paying its suppliers.

Ming Fai International Holdings Days Payable Historical Data

The historical data trend for Ming Fai 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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Ming Fai International Holdings Days Payable Chart

Ming Fai International Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.44

67.20

49.51

46.25

52.55

Ming Fai International Holdings 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															39.81	40.68	40.28	48.11	50.94

Competitive Comparison of Ming Fai International Holdings's Days Payable

For the Household & Personal Products subindustry, Ming Fai 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.

Ming Fai International Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Ming Fai International Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Ming Fai International Holdings's Days Payable falls into.

Ming Fai 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.

Ming Fai International 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
=	( (168.318	+	282.462)	/	2 )	/	1565.529	*	365
=	225.39					/	1565.529	*	365
=	52.55

Ming Fai International 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
=	( (200.735	+	282.462)	/	2 )	/	865.61	*	365 / 2
=	241.5985					/	865.61	*	365 / 2
=	50.94

Ming Fai International Holdings Days Payable Related Terms

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Ming Fai International Holdings (HKSE:03828) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Ming Fai International Holdings Ltd (HKSE:03828) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3 Hoi Shing Road, Unit D3, 8th Floor, TML Tower, New Territories, Tsuen Wan, HKG

Website

https://www.mingfaigroup.com

Ming Fai International Holdings Ltd is an investment holding company. It is engaged in the manufacturing and trading of hospitality supplies products (Hospitality Supplies Business), trading of operating supplies and equipment (OS&E Business), and manufacturing and trading of health care and hygienic products (Health Care and Hygienic Products Business). Its products include Acrylic Hotel Supplies, Bath Mats, Portable Cables, umbrellas, Compact mirrors, Bath products, and others. The group has a business presence in North America, Europe, the PRC, Hong Kong, and other countries.

Ming Fai International Holdings (HKSE:03828) Headlines

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