GME Group Holdings (HKSE:08188) Days Payable : 13.67 (As of Dec. 2023)

View and export this data going back to 2017. Start your Free Trial

What is GME Group Holdings Days Payable?

GME Group Holdings's average Accounts Payable for the three months ended in Dec. 2023 was HK$23.8 Mil. GME Group Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$159.1 Mil. Hence, GME Group Holdings's Days Payable for the three months ended in Dec. 2023 was 13.67.

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

HKSE:08188' s Days Payable Range Over the Past 10 Years
Min: 5.06 Med: 12.95 Max: 71.15
Current: 16.12

During the past 10 years, GME Group Holdings's highest Days Payable was 71.15. The lowest was 5.06. And the median was 12.95.

HKSE:08188's Days Payable is ranked worse than
96.88% of 1604 companies
in the Construction industry
Industry Median: 74.31 vs HKSE:08188: 16.12

GME Group Holdings's Days Payable increased from Dec. 2022 (12.66) to Dec. 2023 (13.67). It may suggest that GME Group Holdings delayed paying its suppliers.

GME Group Holdings Days Payable Historical Data

The historical data trend for GME Group 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.

* Premium members only.

GME Group Holdings Days Payable Chart

GME Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

7.63

10.78

10.02

15.12

17.11

GME Group 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															12.66	18.81	12.16	22.70	13.67

Competitive Comparison of GME Group Holdings's Days Payable

For the Engineering & Construction subindustry, GME Group 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.

GME Group Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, GME Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where GME Group Holdings's Days Payable falls into.

GME Group 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.

GME Group 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
=	( (17.376	+	23.839)	/	2 )	/	439.532	*	365
=	20.6075					/	439.532	*	365
=	17.11

GME Group 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	+	23.839)	/	1 )	/	159.111	*	365 / 4
=	23.839					/	159.111	*	365 / 4
=	13.67

GME Group Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of GME Group Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

GME Group Holdings (HKSE:08188) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » GME Group Holdings Ltd (HKSE:08188) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

148 Electric Road, Room 1001-2, 10th Floor, Hong Kong, HKG

Website

https://www.gmehk.com

GME Group Holdings Ltd along with its subsidiaries is engaged in providing underground construction services in Hong Kong. Tunnel construction services include excavation, shortening, shutter design and fabrication, tunnel lining services, shafts, advanced and structural works; and utility construction that includes mainly underground public utility works such as road and drainage works and others that include mainly structural works and construction of service buildings and support structure. It also provides program design, costing, and management for underground construction services. It derives all of its revenue from Hong Kong.

GME Group Holdings (HKSE:08188) Headlines

No Headlines