Hao Wen Holdings (HKSE:08019) Days Payable : 340.11 (As of Dec. 2023)

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What is Hao Wen Holdings Days Payable?

Hao Wen Holdings's average Accounts Payable for the three months ended in Dec. 2023 was HK$7.05 Mil. Hao Wen Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$1.89 Mil. Hence, Hao Wen Holdings's Days Payable for the three months ended in Dec. 2023 was 340.11.

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

HKSE:08019' s Days Payable Range Over the Past 10 Years
Min: 22.03 Med: 101.02 Max: 453.41
Current: 95.15

During the past 13 years, Hao Wen Holdings's highest Days Payable was 453.41. The lowest was 22.03. And the median was 101.02.

HKSE:08019's Days Payable is ranked better than
65.61% of 285 companies
in the Credit Services industry
Industry Median: 48.78 vs HKSE:08019: 95.15

Hao Wen Holdings's Days Payable increased from Dec. 2022 (28.05) to Dec. 2023 (340.11). It may suggest that Hao Wen Holdings delayed paying its suppliers.

Hao Wen Holdings Days Payable Historical Data

The historical data trend for Hao Wen 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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Hao Wen Holdings Days Payable Chart

Hao Wen Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.12

39.07

22.03

27.55

123.48

Hao Wen Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															28.05	28.12	55.97	63.78	340.11

Competitive Comparison of Hao Wen Holdings's Days Payable

For the Credit Services subindustry, Hao Wen 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.

Hao Wen Holdings's Days Payable Distribution in the Credit Services Industry

For the Credit Services industry and Financial Services sector, Hao Wen Holdings's Days Payable distribution charts can be found below:

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

Hao Wen 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.

Hao Wen 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
=	( (2.157	+	7.052)	/	2 )	/	13.611	*	365
=	4.6045					/	13.611	*	365
=	123.48

Hao Wen 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	7.052)	/	1 )	/	1.892	*	365 / 4
=	7.052					/	1.892	*	365 / 4
=	340.11

Hao Wen Holdings Days Payable Related Terms

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Hao Wen Holdings (HKSE:08019) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Credit Services » Hao Wen Holdings Ltd (HKSE:08019) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

199 Des Voeux Road Central, Level 12, Infinitus Plaza, Sheung Wan, Hong Kong, HKG

Website

https://www.tricor.com.hk

Hao Wen Holdings Ltd is an investment holding company. The Company's operating and reportable segments are as follows, i) the Money Lending segment engages in interest income earned from the money lending business; ii) the Electronic Parts segment engages in trading of electronic parts business; iii) the Burial Business segment engages in sales of burial plots and related services business and cemetery maintenance service; and iv) the Beauty Business segment engages in the provision of non-surgical injection treatments with no upfront payment and sales of beauty products.

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