Lvji Technology Holdings (HKSE:01745) Days Payable : 1.30 (As of Dec. 2023)

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What is Lvji Technology Holdings Days Payable?

Lvji Technology Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$1.8 Mil. Lvji Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$249.3 Mil. Hence, Lvji Technology Holdings's Days Payable for the six months ended in Dec. 2023 was 1.30.

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

HKSE:01745' s Days Payable Range Over the Past 10 Years
Min: 0.55 Med: 12.76 Max: 28.29
Current: 2.91

During the past 8 years, Lvji Technology Holdings's highest Days Payable was 28.29. The lowest was 0.55. And the median was 12.76.

HKSE:01745's Days Payable is ranked worse than
98.28% of 757 companies
in the Travel & Leisure industry
Industry Median: 59.94 vs HKSE:01745: 2.91

Lvji Technology Holdings's Days Payable declined from Dec. 2022 (4.74) to Dec. 2023 (1.30). It may suggest that Lvji Technology Holdings accelerated paying its suppliers.

Lvji Technology Holdings Days Payable Historical Data

The historical data trend for Lvji Technology 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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Lvji Technology Holdings Days Payable Chart

Lvji Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.18

10.90

8.82

14.61

3.50

Lvji Technology Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									8.21	11.88	4.74	4.85	1.30

Competitive Comparison of Lvji Technology Holdings's Days Payable

For the Travel Services subindustry, Lvji Technology 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.

Lvji Technology Holdings's Days Payable Distribution in the Travel & Leisure Industry

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

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

Lvji Technology 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.

Lvji Technology 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
=	( (5.925	+	1.673)	/	2 )	/	396.039	*	365
=	3.799					/	396.039	*	365
=	3.50

Lvji Technology 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
=	( (1.879	+	1.673)	/	2 )	/	249.338	*	365 / 2
=	1.776					/	249.338	*	365 / 2
=	1.30

Lvji Technology Holdings Days Payable Related Terms

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Lvji Technology Holdings (HKSE:01745) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Lvji Technology Holdings Inc (HKSE:01745) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 501, 238 Gaotang Road, Tianhe District, Guangzhou, CHN

Website

https://www.lvji.cn

Lvji Technology Holdings Inc is an online tour guide provider. The company deploys software on its cloud system to provide online tour guides with proprietary contents, which include illustrated maps of tourist attractions, editorial contents and voice-over commentaries of points of interest in the tourist attractions and are implemented to include functions such as real time navigation. It generates revenue from sales of online tour guides through OTAs.

Lvji Technology Holdings (HKSE:01745) Headlines

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