REF Holdings (HKSE:01631) Days Payable : 20.57 (As of Dec. 2023)

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What is REF Holdings Days Payable?

REF Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$2.9 Mil. REF Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$25.3 Mil. Hence, REF Holdings's Days Payable for the six months ended in Dec. 2023 was 20.57.

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

HKSE:01631' s Days Payable Range Over the Past 10 Years
Min: 15.93 Med: 28.25 Max: 39.8
Current: 17.31

During the past 10 years, REF Holdings's highest Days Payable was 39.80. The lowest was 15.93. And the median was 28.25.

HKSE:01631's Days Payable is ranked worse than
81.73% of 925 companies
in the Business Services industry
Industry Median: 47.73 vs HKSE:01631: 17.31

REF Holdings's Days Payable declined from Dec. 2022 (25.98) to Dec. 2023 (20.57). It may suggest that REF Holdings accelerated paying its suppliers.

REF Holdings Days Payable Historical Data

The historical data trend for REF 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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REF Holdings Days Payable Chart

REF Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.09

23.67

18.69

15.93

16.04

REF Holdings Semi-Annual Data
	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														17.67	19.42	25.98	16.06	20.57

Competitive Comparison of REF Holdings's Days Payable

For the Specialty Business Services subindustry, REF 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.

REF Holdings's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, REF Holdings's Days Payable distribution charts can be found below:

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

REF 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.

REF 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
=	( (2.938	+	2.406)	/	2 )	/	60.795	*	365
=	2.672					/	60.795	*	365
=	16.04

REF 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
=	( (3.304	+	2.406)	/	2 )	/	25.326	*	365 / 2
=	2.855					/	25.326	*	365 / 2
=	20.57

REF Holdings Days Payable Related Terms

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REF Holdings (HKSE:01631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » REF Holdings Ltd (HKSE:01631) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Center, 99 Queen’s Road Central, Units 5906–5912, 59th Floor, Hong Kong, HKG

Website

http://www.ref.com.hk

REF Holdings Ltd provides financial printing which comprises cover printing of listing documents, financial reports, compliance documents, and other documents. The services portfolio of the company includes typesetting, proofreading, translation, design, printing, web submitting, and newspaper placement to distribution. In addition, it also provides conference room facilities. The majority of its revenue is earned through the Hong Kong market. It operates in one segment namely the provision of financial printing services.

REF Holdings (HKSE:01631) Headlines

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