Minshang Creative Technology Holdings (HKSE:01632) Days Payable : 0.00 (As of Mar. 2024)

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What is Minshang Creative Technology Holdings Days Payable?

Minshang Creative Technology Holdings's average Accounts Payable for the six months ended in Mar. 2024 was HK$21.13 Mil. Minshang Creative Technology Holdings's Cost of Goods Sold for the six months ended in Mar. 2024 was HK$-63.94 Mil.

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

HKSE:01632' s Days Payable Range Over the Past 10 Years
Min: 3.43 Med: 28.95 Max: 622.88
Current: 622.88

During the past 11 years, Minshang Creative Technology Holdings's highest Days Payable was 622.88. The lowest was 3.43. And the median was 28.95.

HKSE:01632's Days Payable is ranked better than
98.38% of 2409 companies
in the Hardware industry
Industry Median: 68.75 vs HKSE:01632: 622.88

Minshang Creative Technology Holdings's Days Payable declined from Mar. 2023 (52.54) to Mar. 2024 (0.00). It may suggest that Minshang Creative Technology Holdings accelerated paying its suppliers.

Minshang Creative Technology Holdings Days Payable Historical Data

The historical data trend for Minshang Creative Technology 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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Minshang Creative Technology Holdings Days Payable Chart

Minshang Creative Technology Holdings Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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3.43

40.17

65.83

73.80

622.88

Minshang Creative Technology Holdings Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															22.60	52.54	56.10	-	-

Competitive Comparison of Minshang Creative Technology Holdings's Days Payable

For the Electronics & Computer Distribution subindustry, Minshang Creative Technology 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.

Minshang Creative Technology Holdings's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Minshang Creative Technology Holdings's Days Payable falls into.

Minshang Creative Technology 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.

Minshang Creative Technology Holdings's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (21.896	+	17.699)	/	2 )	/	11.601	*	365
=	19.7975					/	11.601	*	365
=	622.88

Minshang Creative Technology Holdings's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (24.552	+	17.699)	/	2 )	/	-63.944	*	365 / 2
=	21.1255					/	-63.944	*	365 / 2
=	N/A

Minshang Creative Technology Holdings Days Payable Related Terms

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Minshang Creative Technology Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Minshang Creative Technology Holdings Ltd (HKSE:01632) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

89 Queensway, Unit 4203, 42nd Floor, Tower One Lippo Centre, Admiralty, Hong Kong, HKG

Website

http://www.minshangct.com

Minshang Creative Technology Holdings Ltd is an investment holding company. The company's operating segment includes the Vietnamese-style restaurant business in Hong Kong, Trading business in the PRC, and IT solution business. It generates maximum revenue from the Trading business segment. The Trading business segment focuses on offering 3C electronic products, frozen foods, and grain and oil products. Geographically, it derives a majority of revenue from China.

Executives

Chen Jiliang	2202 Interest of your spouse
Cikz Holdings Limited	2101 Beneficial owner
Zhong Kaixin	2201 Interest of corporation controlled by you
Min Sheng Dian Shang Kong Gu Shen Zhen You Xian Gong Si

Minshang Creative Technology Holdings Headlines

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