Min Fu International Holding (HKSE:08511) Days Payable : 18.00 (As of Sep. 2023)

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What is Min Fu International Holding Days Payable?

Min Fu International Holding's average Accounts Payable for the three months ended in Sep. 2023 was HK$1.31 Mil. Min Fu International Holding's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$6.62 Mil. Hence, Min Fu International Holding's Days Payable for the three months ended in Sep. 2023 was 18.00.

The historical rank and industry rank for Min Fu International Holding's Days Payable or its related term are showing as below:

HKSE:08511' s Days Payable Range Over the Past 10 Years
Min: 11.96 Med: 61.69 Max: 110.71
Current: 17.12

During the past 8 years, Min Fu International Holding's highest Days Payable was 110.71. The lowest was 11.96. And the median was 61.69.

HKSE:08511's Days Payable is ranked worse than
96.37% of 2421 companies
in the Hardware industry
Industry Median: 67.89 vs HKSE:08511: 17.12

Min Fu International Holding's Days Payable declined from Sep. 2022 (21.27) to Sep. 2023 (18.00). It may suggest that Min Fu International Holding accelerated paying its suppliers.

Min Fu International Holding Days Payable Historical Data

The historical data trend for Min Fu International Holding'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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Min Fu International Holding Days Payable Chart

Min Fu International Holding Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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71.56

51.81

107.99

99.75

18.76

Min Fu International Holding 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															21.27	7.88	19.27	748.47	18.00

Competitive Comparison of Min Fu International Holding's Days Payable

For the Scientific & Technical Instruments subindustry, Min Fu International Holding'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.

Min Fu International Holding's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Min Fu International Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Min Fu International Holding's Days Payable falls into.

Min Fu International Holding 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.

Min Fu International Holding'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
=	( (1.6	+	0.689)	/	2 )	/	22.271	*	365
=	1.1445					/	22.271	*	365
=	18.76

Min Fu International Holding'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	+	1.306)	/	1 )	/	6.62	*	365 / 4
=	1.306					/	6.62	*	365 / 4
=	18.00

Min Fu International Holding Days Payable Related Terms

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Min Fu International Holding (HKSE:08511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Min Fu International Holding Ltd (HKSE:08511) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 1, 16/F, Financial Centre, 22 Taizi Road, Nanshan district, Shenzhen, CHN

Website

http://www.minfuintl.com

Min Fu International Holding Ltd is an investment holding company. The company is engaged in the provision of smart manufacturing solution provider focusing on precision 3D testing solutions and precision machining solutions in China. It generates maximum revenue from Precision 3D testing solutions. The company products portfolio includes Non-contact optical measurement and Non-contact three-dimensional dynamic measurement.

Executives

Huang Minzhi	2101 Beneficial owner
Huang Minfu	2101 Beneficial owner
Ho Chun Kit Gregory	2201 Interest of corporation controlled by you
Tecway Technology Limited	2101 Beneficial owner
Ifg Swans Holding Ltd.	2101 Beneficial owner
Wu Di	2201 Interest of corporation controlled by you
Theia Vision Capital Limited	2101 Beneficial owner
Theia Vision Capital Limited	2101 Beneficial owner

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