Chow Tai Fook Jewellery Group (HKSE:01929) Days Payable : 4.59 (As of Sep. 2023)

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What is Chow Tai Fook Jewellery Group Days Payable?

Chow Tai Fook Jewellery Group's average Accounts Payable for the six months ended in Sep. 2023 was HK$936 Mil. Chow Tai Fook Jewellery Group's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$37,183 Mil. Hence, Chow Tai Fook Jewellery Group's Days Payable for the six months ended in Sep. 2023 was 4.59.

The historical rank and industry rank for Chow Tai Fook Jewellery Group's Days Payable or its related term are showing as below:

HKSE:01929' s Days Payable Range Over the Past 10 Years
Min: 3.71 Med: 4.42 Max: 8.37
Current: 5.23

During the past 13 years, Chow Tai Fook Jewellery Group's highest Days Payable was 8.37. The lowest was 3.71. And the median was 4.42.

HKSE:01929's Days Payable is ranked worse than
96.38% of 1078 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs HKSE:01929: 5.23

Chow Tai Fook Jewellery Group's Days Payable declined from Sep. 2022 (6.45) to Sep. 2023 (4.59). It may suggest that Chow Tai Fook Jewellery Group accelerated paying its suppliers.

Chow Tai Fook Jewellery Group Days Payable Historical Data

The historical data trend for Chow Tai Fook Jewellery Group'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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Chow Tai Fook Jewellery Group Days Payable Chart

Chow Tai Fook Jewellery Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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3.97

3.71

3.91

4.70

5.33

Chow Tai Fook Jewellery Group 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															5.56	5.00	6.45	5.66	4.59

Competitive Comparison of Chow Tai Fook Jewellery Group's Days Payable

For the Luxury Goods subindustry, Chow Tai Fook Jewellery Group'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.

Chow Tai Fook Jewellery Group's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Chow Tai Fook Jewellery Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Chow Tai Fook Jewellery Group's Days Payable falls into.

Chow Tai Fook Jewellery Group 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.

Chow Tai Fook Jewellery Group'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
=	( (1155.1	+	992.6)	/	2 )	/	73512.9	*	365
=	1073.85					/	73512.9	*	365
=	5.33

Chow Tai Fook Jewellery Group'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
=	( (992.6	+	879.5)	/	2 )	/	37182.6	*	365 / 2
=	936.05					/	37182.6	*	365 / 2
=	4.59

Chow Tai Fook Jewellery Group Days Payable Related Terms

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Chow Tai Fook Jewellery Group (HKSE:01929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Chow Tai Fook Jewellery Group Ltd (HKSE:01929) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CJEWY:USA CJEWF:USA 1CT:Germany

Address

16 - 18 Queen's Road Central, 33rd Floor, New World Tower, Central, Hong Kong, HKG

Website

https://www.ctfjewellerygroup.com

Chow Tai Fook Jewellery Group Ltd is engaged in the jewelry and watch business located in Mainland China. The company's geographical operating segment includes Mainland China and Hong Kong, Macau and other markets. It generates maximum revenue from Mainland China. Its product categories include ring, bands, necklace, pendant, earrings, chain, bracelet, and others. The company derives revenue from Gem-set, Gold products, Platinum/Karat gold products, and Watches.

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