Impro Precision Industries (HKSE:01286) Days Payable : 55.91 (As of Dec. 2023)

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What is Impro Precision Industries Days Payable?

Impro Precision Industries's average Accounts Payable for the six months ended in Dec. 2023 was HK$504 Mil. Impro Precision Industries's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,645 Mil. Hence, Impro Precision Industries's Days Payable for the six months ended in Dec. 2023 was 55.91.

The historical rank and industry rank for Impro Precision Industries's Days Payable or its related term are showing as below:

HKSE:01286' s Days Payable Range Over the Past 10 Years
Min: 41.69 Med: 47.68 Max: 52.06
Current: 52.06

During the past 8 years, Impro Precision Industries's highest Days Payable was 52.06. The lowest was 41.69. And the median was 47.68.

HKSE:01286's Days Payable is ranked worse than
67.93% of 2928 companies
in the Industrial Products industry
Industry Median: 76.275 vs HKSE:01286: 52.06

Impro Precision Industries's Days Payable increased from Dec. 2022 (53.07) to Dec. 2023 (55.91). It may suggest that Impro Precision Industries delayed paying its suppliers.

Impro Precision Industries Days Payable Historical Data

The historical data trend for Impro Precision Industries'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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Impro Precision Industries Days Payable Chart

Impro Precision Industries Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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48.92

47.74

41.69

47.61

52.06

Impro Precision Industries 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									45.33	46.51	53.07	48.50	55.91

Competitive Comparison of Impro Precision Industries's Days Payable

For the Specialty Industrial Machinery subindustry, Impro Precision Industries'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.

Impro Precision Industries's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Impro Precision Industries's Days Payable distribution charts can be found below:

* The bar in red indicates where Impro Precision Industries's Days Payable falls into.

Impro Precision Industries 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.

Impro Precision Industries'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
=	( (457.784	+	519.542)	/	2 )	/	3426.047	*	365
=	488.663					/	3426.047	*	365
=	52.06

Impro Precision Industries'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
=	( (488.676	+	519.542)	/	2 )	/	1645.367	*	365 / 2
=	504.109					/	1645.367	*	365 / 2
=	55.91

Impro Precision Industries Days Payable Related Terms

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Impro Precision Industries (HKSE:01286) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Impro Precision Industries Ltd (HKSE:01286) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

7IP:Germany

Address

6-8 Harbour Road, Unit 803, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.improprecision.com

Impro Precision Industries Ltd is an investment holding company. It operates in four segments: Investment casting, Precision machining and others, Sand casting, and Surface Treatment. The products and services offered are widely applied to various end-markets, including passenger cars, commercial vehicles, high horsepower engines, hydraulic equipment, construction equipment, agricultural equipment, recreational boats and vehicles, aerospace, and medical. Its geographical segments are the Americas, Europe, and Asia, of which key revenue is generated from the Americas.

Impro Precision Industries (HKSE:01286) Headlines

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