Huaxi Holdings Co (HKSE:01689) Days Payable : 426.96 (As of Jun. 2023)

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What is Huaxi Holdings Co Days Payable?

Huaxi Holdings Co's average Accounts Payable for the six months ended in Jun. 2023 was HK$123.6 Mil. Huaxi Holdings Co's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$52.8 Mil. Hence, Huaxi Holdings Co's Days Payable for the six months ended in Jun. 2023 was 426.96.

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

HKSE:01689' s Days Payable Range Over the Past 10 Years
Min: 94.66 Med: 187.89 Max: 429.14
Current: 352.14

During the past 11 years, Huaxi Holdings Co's highest Days Payable was 429.14. The lowest was 94.66. And the median was 187.89.

HKSE:01689's Days Payable is ranked better than
97.28% of 367 companies
in the Packaging & Containers industry
Industry Median: 57.59 vs HKSE:01689: 352.14

Huaxi Holdings Co's Days Payable declined from Jun. 2022 (464.84) to Jun. 2023 (426.96). It may suggest that Huaxi Holdings Co accelerated paying its suppliers.

Huaxi Holdings Co Days Payable Historical Data

The historical data trend for Huaxi Holdings Co'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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Huaxi Holdings Co Days Payable Chart

Huaxi Holdings Co Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Dec20

Dec21

Dec22

Dec23

Days Payable

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159.69

162.42

208.85

429.14

371.37

Huaxi Holdings Co Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															268.75	464.84	291.56	426.96	278.15

Competitive Comparison of Huaxi Holdings Co's Days Payable

For the Packaging & Containers subindustry, Huaxi Holdings Co'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.

Huaxi Holdings Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, Huaxi Holdings Co's Days Payable distribution charts can be found below:

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

Huaxi Holdings Co 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.

Huaxi Holdings Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (204.606	+	142.184)	/	2 )	/	147.48	*	365
=	173.395					/	147.48	*	365
=	429.14

Huaxi Holdings Co's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (142.184	+	104.92)	/	2 )	/	52.811	*	365 / 2
=	123.552					/	52.811	*	365 / 2
=	426.96

Huaxi Holdings Co Days Payable Related Terms

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Huaxi Holdings Co (HKSE:01689) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Huaxi Holdings Co Ltd (HKSE:01689) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 4 Wanji North Street, Wanji Industrial District, Guangdong Province, Shantou, CHN

Website

https://www.huaxihds.com.hk

Huaxi Holdings Co Ltd is an investment holding company principally engaged in the manufacture and sale of packaging materials for a cigarette in China. It has two reportable segments: Cigarette Packaging Business and Environmental Treatment Business. The products of the group include tipping papers, inner frame aluminum papers, inner laser paper, cigarette box frame paper, and cigarette trademark labels. Geographically all the activities functioned through China, and generate a vast majority of its revenues from the cigarette packaging business.

Huaxi Holdings Co (HKSE:01689) Headlines

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