Veeko International Holdings (HKSE:01173) Days Payable : 28.50 (As of Sep. 2023)

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What is Veeko International Holdings Days Payable?

Veeko International Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$23.0 Mil. Veeko International Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$147.5 Mil. Hence, Veeko International Holdings's Days Payable for the six months ended in Sep. 2023 was 28.50.

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

HKSE:01173' s Days Payable Range Over the Past 10 Years
Min: 10.44 Med: 22.62 Max: 31.09
Current: 23.44

During the past 13 years, Veeko International Holdings's highest Days Payable was 31.09. The lowest was 10.44. And the median was 22.62.

HKSE:01173's Days Payable is ranked worse than
81.54% of 1788 companies
in the Consumer Packaged Goods industry
Industry Median: 46.18 vs HKSE:01173: 23.44

Veeko International Holdings's Days Payable increased from Sep. 2022 (13.50) to Sep. 2023 (28.50). It may suggest that Veeko International Holdings delayed paying its suppliers.

Veeko International Holdings Days Payable Historical Data

The historical data trend for Veeko International 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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Veeko International Holdings Days Payable Chart

Veeko International Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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23.83

16.48

15.97

10.44

18.75

Veeko International 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															39.01	43.41	13.50	16.02	28.50

Competitive Comparison of Veeko International Holdings's Days Payable

For the Household & Personal Products subindustry, Veeko International 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.

Veeko International Holdings's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Veeko International Holdings's Days Payable distribution charts can be found below:

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

Veeko International 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.

Veeko International 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
=	( (9.511	+	15.443)	/	2 )	/	242.862	*	365
=	12.477					/	242.862	*	365
=	18.75

Veeko International 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
=	( (15.443	+	30.632)	/	2 )	/	147.523	*	365 / 2
=	23.0375					/	147.523	*	365 / 2
=	28.50

Veeko International Holdings Days Payable Related Terms

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Veeko International Holdings (HKSE:01173) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Veeko International Holdings Ltd (HKSE:01173) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

192-200, Tai Lin Pai Road, 10th Floor, Wyler Centre Phase II, New Territories, Kwai Chung, Hong Kong, HKG

Website

https://www.veeko.com.hk

Veeko International Holdings Ltd is an investment holding company principally engaged in the cosmetics and personal care products business. It operates in two business segments. The Cosmetics segment is engaged in the sales of cosmetics under the brand of Colourmix and MORIMOR, including skin-care products, perfumery, make-up, personal care, hairdressing, body care, and cosmeceuticals, as well as health food. The Fashion segment is engaged in the manufacture and sales of ladies' fashion under the brand names of Veeko and Wanko. The cosmetics segment accounts for majority of the firm's revenue. The company generates the majority of the revenue from Hong Kong and Macau.

Executives

Lam Yuk Sum	2305 Beneficiary of a trust
Cheng Chung Man Johnny	2305 Beneficiary of a trust
Hsbc International Trustee Limited	2301 Trustee
Silver Crown Profits Limited	2101 Beneficial owner
Well Feel Group Limited	2201 Interest of corporation controlled by you

Veeko International Holdings (HKSE:01173) Headlines

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