Chen Hsong Holdings (HKSE:00057) Days Payable : 145.01 (As of Sep. 2023)

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What is Chen Hsong Holdings Days Payable?

Chen Hsong Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$601 Mil. Chen Hsong Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$756 Mil. Hence, Chen Hsong Holdings's Days Payable for the six months ended in Sep. 2023 was 145.01.

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

HKSE:00057' s Days Payable Range Over the Past 10 Years
Min: 98.78 Med: 107.63 Max: 143.14
Current: 143.14

During the past 13 years, Chen Hsong Holdings's highest Days Payable was 143.14. The lowest was 98.78. And the median was 107.63.

HKSE:00057's Days Payable is ranked better than
76.37% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs HKSE:00057: 143.14

Chen Hsong Holdings's Days Payable increased from Sep. 2022 (114.26) to Sep. 2023 (145.01). It may suggest that Chen Hsong Holdings delayed paying its suppliers.

Chen Hsong Holdings Days Payable Historical Data

The historical data trend for Chen Hsong 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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Chen Hsong Holdings Days Payable Chart

Chen Hsong Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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110.32

98.78

116.11

127.88

136.43

Chen Hsong 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															123.67	150.03	114.26	145.17	145.01

Competitive Comparison of Chen Hsong Holdings's Days Payable

For the Specialty Industrial Machinery subindustry, Chen Hsong 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.

Chen Hsong Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Chen Hsong Holdings's Days Payable distribution charts can be found below:

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

Chen Hsong 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.

Chen Hsong 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
=	( (695.694	+	623.367)	/	2 )	/	1764.532	*	365
=	659.5305					/	1764.532	*	365
=	136.43

Chen Hsong 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
=	( (623.367	+	577.837)	/	2 )	/	755.902	*	365 / 2
=	600.602					/	755.902	*	365 / 2
=	145.01

Chen Hsong Holdings Days Payable Related Terms

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Chen Hsong Holdings (HKSE:00057) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chen Hsong Holdings Ltd (HKSE:00057) » Definitions » Days Payable

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CHHGF:USA

Address

18 Whitfield Road, Unit 2001, 20th Floor, Citicorp Centre, Hong Kong, HKG

Website

https://www.chenhsong.com

Chen Hsong Holdings Ltd is an investment holding company it is engaged in the business of manufacture and sale of Plastic injection molding machines and related products. The company's services are used in automotive, packaging, home appliances, consumer electronics, mobile phones, and other businesses. The group operates through the geographic segments of Mainland China and Hong Kong, Taiwan, and Other Overseas Countries. The Mainland China and Hong Kong segment generates maximum revenue for the company.

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