Sino Golf Holdings (HKSE:00361) Days Payable : 47.78 (As of Dec. 2023)

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What is Sino Golf Holdings Days Payable?

Sino Golf Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$21.6 Mil. Sino Golf Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$82.7 Mil. Hence, Sino Golf Holdings's Days Payable for the six months ended in Dec. 2023 was 47.78.

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

HKSE:00361' s Days Payable Range Over the Past 10 Years
Min: 47.77 Med: 56.37 Max: 100.24
Current: 52.59

During the past 13 years, Sino Golf Holdings's highest Days Payable was 100.24. The lowest was 47.77. And the median was 56.37.

HKSE:00361's Days Payable is ranked worse than
53.77% of 755 companies
in the Travel & Leisure industry
Industry Median: 58.43 vs HKSE:00361: 52.59

Sino Golf Holdings's Days Payable declined from Dec. 2022 (66.89) to Dec. 2023 (47.78). It may suggest that Sino Golf Holdings accelerated paying its suppliers.

Sino Golf Holdings Days Payable Historical Data

The historical data trend for Sino Golf 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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Sino Golf Holdings Days Payable Chart

Sino Golf Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.46

100.24

65.47

47.77

55.45

Sino Golf Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															58.47	61.53	66.89	54.42	47.78

Competitive Comparison of Sino Golf Holdings's Days Payable

For the Leisure subindustry, Sino Golf 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.

Sino Golf Holdings's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Sino Golf Holdings's Days Payable distribution charts can be found below:

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

Sino Golf 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.

Sino Golf 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
=	( (29.5	+	21.66)	/	2 )	/	168.375	*	365
=	25.58					/	168.375	*	365
=	55.45

Sino Golf 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (21.619	+	21.66)	/	2 )	/	82.657	*	365 / 2
=	21.6395					/	82.657	*	365 / 2
=	47.78

Sino Golf Holdings Days Payable Related Terms

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Sino Golf Holdings (HKSE:00361) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Sino Golf Holdings Ltd (HKSE:00361) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Hoi Shing Road, Room 4501, One Midtown, Tsuen Wan, Hong Kong, HKG

Website

https://www.sinogolf.com

Sino Golf Holdings Ltd is an investment holding company. The principal activities of the group are manufacturing and trading golf equipment, golf bags, and accessories and the development of integrated resorts in the Commonwealth of the Northern Mariana Islands. The company's operating segments are Golf equipment which is involved in the Manufacture and sales of golf equipment and related components and parts; Golf bags which is involved in the manufacture and sales of golf bags, other accessories, and related components and parts; and Hospitality is involved in the development of the integrated resort in the CNMI. Geographically, the group has a business presence in North America, Japan, Europe, Asia, and Other countries.

Executives

So Kit Yee Anita	2501 Other
Lau Wun Man	2501 Other
Surplus Excel Limited	2101 Beneficial owner
Prominent Victory Limited	2201 Interest of corporation controlled by you
Wealth Sailor Limited	2101 Beneficial owner
Huang Youlong	2201 Interest of corporation controlled by you
Zhao Wei	2202 Interest of your spouse
China Huarong International Holdings Ltd	2201 Interest of corporation controlled by you
Wise Choice Ventures Limited	2106 Person having a security interest in shares
Zhong Guo Hua Rong Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

Sino Golf Holdings (HKSE:00361) Headlines

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