AV Concept Holdings (HKSE:00595) Days Payable : 2.83 (As of Sep. 2023)

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What is AV Concept Holdings Days Payable?

AV Concept Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$6.1 Mil. AV Concept Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$395.4 Mil. Hence, AV Concept Holdings's Days Payable for the six months ended in Sep. 2023 was 2.83.

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

HKSE:00595' s Days Payable Range Over the Past 10 Years
Min: 1.68 Med: 12.89 Max: 30.22
Current: 4.65

During the past 13 years, AV Concept Holdings's highest Days Payable was 30.22. The lowest was 1.68. And the median was 12.89.

HKSE:00595's Days Payable is ranked worse than
99.46% of 2418 companies
in the Hardware industry
Industry Median: 68.005 vs HKSE:00595: 4.65

AV Concept Holdings's Days Payable declined from Sep. 2022 (4.04) to Sep. 2023 (2.83). It may suggest that AV Concept Holdings accelerated paying its suppliers.

AV Concept Holdings Days Payable Historical Data

The historical data trend for AV Concept 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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AV Concept Holdings Days Payable Chart

AV Concept Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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13.33

7.09

4.10

1.68

2.78

AV Concept Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															5.19	3.90	4.04	6.43	2.83

Competitive Comparison of AV Concept Holdings's Days Payable

For the Electronics & Computer Distribution subindustry, AV Concept 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.

AV Concept Holdings's Days Payable Distribution in the Hardware Industry

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

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

AV Concept 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.

AV Concept Holdings'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
=	( (4.277	+	5.708)	/	2 )	/	655.725	*	365
=	4.9925					/	655.725	*	365
=	2.78

AV Concept 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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (5.708	+	6.545)	/	2 )	/	395.421	*	365 / 2
=	6.1265					/	395.421	*	365 / 2
=	2.83

AV Concept Holdings Days Payable Related Terms

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AV Concept Holdings (HKSE:00595) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » AV Concept Holdings Ltd (HKSE:00595) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

39 Wang Chiu Road, 6th Floor, Enterprise Square Three, Kowloon Bay, Hong Kong, HKG

Website

https://www.avconcept.com

AV Concept Holdings Ltd together with its subsidiaries is engaged in the sales and distribution of electronic components. The company operates in four segments, the semiconductor distribution segment engages in the sale and distribution of electronic components; the consumer electronic product and brand omni-channel business segment engage in the design, development, and sale of consumer products, and brand management, brand licensing and product sourcing services; the venture capital segment engages in the investments in listed and unlisted equity investments, real estate, managed funds or convertible bonds; and the others segment comprises the internet social media business. The company generates the majority of the revenue from Singapore.

Executives

B.k.s. Company Limited	2101 Beneficial owner
So Yuk Kwan	2201 Interest of corporation controlled by you
Yeung Kit Ling	2202 Interest of your spouse
Jade Concept Limited	2101 Beneficial owner

AV Concept Holdings (HKSE:00595) Headlines

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