VSTECS Holdings (HKSE:00856) Days Payable : 68.56 (As of Dec. 2023)

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What is VSTECS Holdings Days Payable?

VSTECS Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$14,334 Mil. VSTECS Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$38,157 Mil. Hence, VSTECS Holdings's Days Payable for the six months ended in Dec. 2023 was 68.56.

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

HKSE:00856' s Days Payable Range Over the Past 10 Years
Min: 44.13 Med: 55.82 Max: 74.38
Current: 72.24

During the past 13 years, VSTECS Holdings's highest Days Payable was 74.38. The lowest was 44.13. And the median was 55.82.

HKSE:00856's Days Payable is ranked better than
53.6% of 2420 companies
in the Hardware industry
Industry Median: 67.93 vs HKSE:00856: 72.24

VSTECS Holdings's Days Payable increased from Dec. 2022 (66.10) to Dec. 2023 (68.56). It may suggest that VSTECS Holdings delayed paying its suppliers.

VSTECS Holdings Days Payable Historical Data

The historical data trend for VSTECS 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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VSTECS Holdings Days Payable Chart

VSTECS Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.05

55.76

63.57

69.97

74.38

VSTECS 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															55.99	73.85	66.10	74.25	68.56

Competitive Comparison of VSTECS Holdings's Days Payable

For the Electronics & Computer Distribution subindustry, VSTECS 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.

VSTECS Holdings's Days Payable Distribution in the Hardware Industry

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

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

VSTECS 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.

VSTECS 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
=	( (13126.934	+	15562.115)	/	2 )	/	70394.78	*	365
=	14344.5245					/	70394.78	*	365
=	74.38

VSTECS 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
=	( (13105.259	+	15562.115)	/	2 )	/	38156.93	*	365 / 2
=	14333.687					/	38156.93	*	365 / 2
=	68.56

VSTECS Holdings Days Payable Related Terms

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VSTECS Holdings (HKSE:00856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » VSTECS Holdings Ltd (HKSE:00856) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

200 Connaught Road Central, Unit 3312, 33th Floor, China Merchants Tower, Shun Tak Centre, Hong Kong, HKG

Website

http://www.vstecs.com

VSTECS Holdings Ltd is an investment holding company engaged in the development of information technology (IT) product channels and the provision of technical solution integration services. Its business segment consists of Consumer electronics, which provides finished IT products; Enterprise systems, which provides enterprise system tools (middleware, operating systems, Unix/NT servers, databases, and storage) for IT infrastructure and IT infrastructure design and implementation, training, maintenance, and support services; and Cloud computing. Majority of revenue is generated from enterprise system segment. Its geographical segments are North Asia and South East Asia.

Executives

Li Jialin
Liu Li
Fmr Llc	2201 Interest of corporation controlled by you
Fidelity Puritan Trust	2101 Beneficial owner
Zhong Guo Jin Chu Kou Yin Hang Shen Zhen Fen Hang	2106 Person having a security interest in shares
Shen Zhen Shi Tou Zi Kong Gu You Xian Gong Si	2201 Interest of corporation controlled by you
Shen Zhen Shi Ren Min Zheng Fu Guo You Zi Chan Jian Du Guan Li Wei Yuan Hui	2201 Interest of corporation controlled by you

VSTECS Holdings (HKSE:00856) Headlines

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