Kinetix Systems Holdings (HKSE:08606) Days Payable : 56.19 (As of Dec. 2023)

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What is Kinetix Systems Holdings Days Payable?

Kinetix Systems Holdings's average Accounts Payable for the three months ended in Dec. 2023 was HK$56.6 Mil. Kinetix Systems Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$91.9 Mil. Hence, Kinetix Systems Holdings's Days Payable for the three months ended in Dec. 2023 was 56.19.

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

HKSE:08606' s Days Payable Range Over the Past 10 Years
Min: 31.5 Med: 62.47 Max: 96.87
Current: 62.82

During the past 9 years, Kinetix Systems Holdings's highest Days Payable was 96.87. The lowest was 31.50. And the median was 62.47.

HKSE:08606's Days Payable is ranked better than
56.15% of 2536 companies
in the Software industry
Industry Median: 50.1 vs HKSE:08606: 62.82

Kinetix Systems Holdings's Days Payable increased from Dec. 2022 (52.96) to Dec. 2023 (56.19). It may suggest that Kinetix Systems Holdings delayed paying its suppliers.

Kinetix Systems Holdings Days Payable Historical Data

The historical data trend for Kinetix Systems 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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Kinetix Systems Holdings Days Payable Chart

Kinetix Systems Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.13

31.50

54.98

62.47

73.91

Kinetix Systems 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															52.96	73.00	48.12	51.33	56.19

Competitive Comparison of Kinetix Systems Holdings's Days Payable

For the Information Technology Services subindustry, Kinetix Systems 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.

Kinetix Systems Holdings's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Kinetix Systems Holdings's Days Payable distribution charts can be found below:

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

Kinetix Systems 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.

Kinetix Systems 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
=	( (44.609	+	56.614)	/	2 )	/	249.925	*	365
=	50.6115					/	249.925	*	365
=	73.91

Kinetix Systems 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	+	56.614)	/	1 )	/	91.944	*	365 / 4
=	56.614					/	91.944	*	365 / 4
=	56.19

Kinetix Systems Holdings Days Payable Related Terms

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Kinetix Systems Holdings (HKSE:08606) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Kinetix Systems Holdings Ltd (HKSE:08606) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

165 Hoi Bun Road, 6th Floor, SML Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.kinetix.com.hk

Kinetix Systems Holdings Ltd is an Information Technology (IT) services, provider. The company operates in three segments: IT solutions services segment, IT maintenance and support services, and Trading of entertainment products. The majority of its revenue comes from the IT solutions services segment, which includes IT infrastructure, procurement of hardware and software, installation and testing & integration services and system analysis & design, software development, and technology consultancy. Its geographical segments are Hong Kong, Macau, and Singapore, of which the vast majority of its revenue comes from Hong Kong.

Executives

Vigorous King Limited	2101 Beneficial owner
Tong Po Ki Vicky	2202 Interest of your spouse
Yu Larry	2201 Interest of corporation controlled by you
Lam Sze Chun Jackson	2101 Beneficial owner
Goldlink Hong Kong Investment Limited	2101 Beneficial owner
Rich Trend Hong Kong Investment Limited	2101 Beneficial owner
Leung Wan Hung	2202 Interest of your spouse
Yiu Wai Ki	2101 Beneficial owner

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