Sinofortune Financial Holdings (HKSE:08123) Days Payable : 10.93 (As of Dec. 2023)

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What is Sinofortune Financial Holdings Days Payable?

Sinofortune Financial Holdings's average Accounts Payable for the three months ended in Dec. 2023 was HK$5.5 Mil. Sinofortune Financial Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$45.5 Mil. Hence, Sinofortune Financial Holdings's Days Payable for the three months ended in Dec. 2023 was 10.93.

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

HKSE:08123' s Days Payable Range Over the Past 10 Years
Min: 6.54 Med: 72 Max: 1971.31
Current: 12.98

During the past 13 years, Sinofortune Financial Holdings's highest Days Payable was 1971.31. The lowest was 6.54. And the median was 72.00.

HKSE:08123's Days Payable is ranked worse than
82.2% of 528 companies
in the Capital Markets industry
Industry Median: 108.18 vs HKSE:08123: 12.98

Sinofortune Financial Holdings's Days Payable declined from Dec. 2022 (12.53) to Dec. 2023 (10.93). It may suggest that Sinofortune Financial Holdings accelerated paying its suppliers.

Sinofortune Financial Holdings Days Payable Historical Data

The historical data trend for Sinofortune Financial 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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Sinofortune Financial Holdings Days Payable Chart

Sinofortune Financial Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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6.54

49.13

438.58

72.00

13.17

Sinofortune Financial 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															12.53	9.38	17.17	19.56	10.93

Competitive Comparison of Sinofortune Financial Holdings's Days Payable

For the Capital Markets subindustry, Sinofortune Financial 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.

Sinofortune Financial Holdings's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Sinofortune Financial Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinofortune Financial Holdings's Days Payable falls into.

Sinofortune Financial 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.

Sinofortune Financial 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
=	( (6.157	+	5.457)	/	2 )	/	160.975	*	365
=	5.807					/	160.975	*	365
=	13.17

Sinofortune Financial 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	+	5.457)	/	1 )	/	45.541	*	365 / 4
=	5.457					/	45.541	*	365 / 4
=	10.93

Sinofortune Financial Holdings Days Payable Related Terms

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Sinofortune Financial Holdings (HKSE:08123) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Sinofortune Financial Holdings Ltd (HKSE:08123) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 64-66 Connaught Road, 16th Floor, CMA Building, Central, Hong Kong, HKG

Website

http://www.sinofortune.hk

Sinofortune Financial Holdings Ltd along with its subsidiaries is an integrated financial service and parallel-imported motor vehicles supplier in Hong Kong and the People's Republic of China. The Group is engaged in the provision of securities and futures contracts trading services in Hong Kong, trading of listed securities in Hong Kong, and sales of motor vehicles, provision of agency services and accessories sourcing in the PRC.

Executives

Wang Jiawei

2101 Beneficial owner

Sinofortune Financial Holdings (HKSE:08123) Headlines

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