Echo International Holdings Group (HKSE:08218) Days Payable : 19.08 (As of Sep. 2023)

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What is Echo International Holdings Group Days Payable?

Echo International Holdings Group's average Accounts Payable for the three months ended in Sep. 2023 was HK$2.25 Mil. Echo International Holdings Group's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$10.77 Mil. Hence, Echo International Holdings Group's Days Payable for the three months ended in Sep. 2023 was 19.08.

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

HKSE:08218' s Days Payable Range Over the Past 10 Years
Min: 17.31 Med: 26.55 Max: 40.94
Current: 20.69

During the past 11 years, Echo International Holdings Group's highest Days Payable was 40.94. The lowest was 17.31. And the median was 26.55.

HKSE:08218's Days Payable is ranked worse than
95.05% of 2422 companies
in the Hardware industry
Industry Median: 67.915 vs HKSE:08218: 20.69

Echo International Holdings Group's Days Payable declined from Sep. 2022 (20.19) to Sep. 2023 (19.08). It may suggest that Echo International Holdings Group accelerated paying its suppliers.

Echo International Holdings Group Days Payable Historical Data

The historical data trend for Echo International Holdings Group'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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Echo International Holdings Group Days Payable Chart

Echo International Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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26.34

20.69

23.82

17.31

22.27

Echo International Holdings Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															20.19	22.22	30.30	12.64	19.08

Competitive Comparison of Echo International Holdings Group's Days Payable

For the Scientific & Technical Instruments subindustry, Echo International Holdings Group'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.

Echo International Holdings Group's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Echo International Holdings Group's Days Payable distribution charts can be found below:

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

Echo International Holdings Group 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.

Echo International Holdings Group'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
=	( (3.382	+	1.744)	/	2 )	/	42.002	*	365
=	2.563					/	42.002	*	365
=	22.27

Echo International Holdings Group'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	2.251)	/	1 )	/	10.767	*	365 / 4
=	2.251					/	10.767	*	365 / 4
=	19.08

Echo International Holdings Group Days Payable Related Terms

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Echo International Holdings Group (HKSE:08218) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Echo International Holdings Group Ltd (HKSE:08218) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Hoi Shing Road, Room 3207A, 32nd Floor, Cable TV Tower, Tsuen Wan, Hong Kong, HKG

Website

http://www.echogroup.com.hk

Echo International Holdings Group Ltd is an investment holding company. The company's operating segment includes the Trading of electronic products; Manufacturing and trading of electronic products and accessories, Provision of food catering services, and trading of timepieces. It generates maximum revenue from the Provision of food catering services segment. Its products include security alarm, indications board, buzzers, timer, fishing indicator, charge board, control board, fire alarm, LED lamp assembly, switch, printed circuit board, and others. Geographically, it derives a majority of revenue from Hong KongCountries.

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