Smart-Core Holdings (HKSE:02166) Days Payable : 31.21 (As of Dec. 2023)

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What is Smart-Core Holdings Days Payable?

Smart-Core Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$388 Mil. Smart-Core Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,270 Mil. Hence, Smart-Core Holdings's Days Payable for the six months ended in Dec. 2023 was 31.21.

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

HKSE:02166' s Days Payable Range Over the Past 10 Years
Min: 18.16 Med: 28.92 Max: 36.26
Current: 26.24

During the past 11 years, Smart-Core Holdings's highest Days Payable was 36.26. The lowest was 18.16. And the median was 28.92.

HKSE:02166's Days Payable is ranked worse than
90.62% of 2420 companies
in the Hardware industry
Industry Median: 68.065 vs HKSE:02166: 26.24

Smart-Core Holdings's Days Payable increased from Dec. 2022 (22.73) to Dec. 2023 (31.21). It may suggest that Smart-Core Holdings delayed paying its suppliers.

Smart-Core Holdings Days Payable Historical Data

The historical data trend for Smart-Core 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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Smart-Core Holdings Days Payable Chart

Smart-Core Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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31.25

33.56

21.88

18.16

21.53

Smart-Core Holdings Semi-Annual Data
	Dec13	Dec14	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														25.11	21.30	22.73	26.60	31.21

Competitive Comparison of Smart-Core Holdings's Days Payable

For the Electronics & Computer Distribution subindustry, Smart-Core 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.

Smart-Core Holdings's Days Payable Distribution in the Hardware Industry

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

* The bar in red indicates where Smart-Core Holdings's Days Payable falls into.

Smart-Core 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.

Smart-Core 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
=	( (350.674	+	265.56)	/	2 )	/	5224.423	*	365
=	308.117					/	5224.423	*	365
=	21.53

Smart-Core 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
=	( (510.733	+	265.56)	/	2 )	/	2269.662	*	365 / 2
=	388.1465					/	2269.662	*	365 / 2
=	31.21

Smart-Core Holdings Days Payable Related Terms

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Smart-Core Holdings (HKSE:02166) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » Smart-Core Holdings Ltd (HKSE:02166) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

70 Ta Chuen Ping Street, 15th Floor, Tower B, Regent Centre, Kwai Chung, New Territories, Hong Kong, HKG

Website

https://www.smart-core.com.hk

Smart-Core Holdings Ltd is a distributor of integrated circuit and other electronic components and technology value-added service provider covering multiple market segments such as televisions (TV), optoelectronic displays, smart terminals, memory, security monitoring, communication products, Internet of Things (IoT), optical communications. Its service networks cover majority regions in Mainland China and Southeast Asia, providing diversified supply chain services of semiconductor chips and various electronic components for customers in the electronics industry, as well as corresponding technical solutions, technical support and software services. Its segments include Authorised distribution and Independent distribution.

Executives

Insight Limited	2101 Beneficial owner
Liu Hongbing	2101 Beneficial owner
Wong Tsz Leung	2201 Interest of corporation controlled by you
Smart Ic Limited
Tian Weidong

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