EDICO Holdings (HKSE:08450) Days Payable : 86.92 (As of Sep. 2023)

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What is EDICO Holdings Days Payable?

EDICO Holdings's average Accounts Payable for the three months ended in Sep. 2023 was HK$6.34 Mil. EDICO Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$6.66 Mil. Hence, EDICO Holdings's Days Payable for the three months ended in Sep. 2023 was 86.92.

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

HKSE:08450' s Days Payable Range Over the Past 10 Years
Min: 48.86 Med: 70.71 Max: 109.04
Current: 74.44

During the past 9 years, EDICO Holdings's highest Days Payable was 109.04. The lowest was 48.86. And the median was 70.71.

HKSE:08450's Days Payable is ranked better than
66.45% of 924 companies
in the Business Services industry
Industry Median: 47.71 vs HKSE:08450: 74.44

EDICO Holdings's Days Payable increased from Sep. 2022 (81.40) to Sep. 2023 (86.92). It may suggest that EDICO Holdings delayed paying its suppliers.

EDICO Holdings Days Payable Historical Data

The historical data trend for EDICO 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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EDICO Holdings Days Payable Chart

EDICO Holdings Annual Data

Trend

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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70.71

75.41

109.04

100.99

86.81

EDICO Holdings 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															81.40	101.23	81.10	32.81	86.92

Competitive Comparison of EDICO Holdings's Days Payable

For the Specialty Business Services subindustry, EDICO 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.

EDICO Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, EDICO Holdings's Days Payable distribution charts can be found below:

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

EDICO 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.

EDICO Holdings's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (5.05	+	6.339)	/	2 )	/	23.944	*	365
=	5.6945					/	23.944	*	365
=	86.81

EDICO Holdings'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	+	6.339)	/	1 )	/	6.655	*	365 / 4
=	6.339					/	6.655	*	365 / 4
=	86.92

EDICO Holdings Days Payable Related Terms

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EDICO Holdings (HKSE:08450) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » EDICO Holdings Ltd (HKSE:08450) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

20 Pedder Street, 8th Floor, Wheelock House, Central, Hong Kong, HKG

Website

https://www.edico.com.hk

EDICO Holdings Ltd is an investment holding company that is engaged in the provision of financial printing services. The company offers integrated services that include typesetting & proofreading, translation, design, printing & binding, distribution, and media placement. It offers documents that encompass corporate financial transactions including Listing-related documents, Periodical reporting documents, Compliance documents, and Miscellaneous and marketing collaterals. All of its revenue is generated from Hong Kong.

Executives

Achiever Choice Limited	2101 Beneficial owner
Yuen Sin Yee Claudia	2101 Beneficial owner
Chan Tsang Tieh	2201 Interest of corporation controlled by you

EDICO Holdings (HKSE:08450) Headlines

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