Chervon Holdings (HKSE:02285) Days Payable : 83.06 (As of Dec. 2023)

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What is Chervon Holdings Days Payable?

Chervon Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,730 Mil. Chervon Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$3,800 Mil. Hence, Chervon Holdings's Days Payable for the six months ended in Dec. 2023 was 83.06.

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

HKSE:02285' s Days Payable Range Over the Past 10 Years
Min: 90.45 Med: 97.09 Max: 109.69
Current: 90.57

During the past 6 years, Chervon Holdings's highest Days Payable was 109.69. The lowest was 90.45. And the median was 97.09.

HKSE:02285's Days Payable is ranked better than
58.73% of 2927 companies
in the Industrial Products industry
Industry Median: 76.28 vs HKSE:02285: 90.57

Chervon Holdings's Days Payable declined from Dec. 2022 (88.08) to Dec. 2023 (83.06). It may suggest that Chervon Holdings accelerated paying its suppliers.

Chervon Holdings Days Payable Historical Data

The historical data trend for Chervon 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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Chervon Holdings Days Payable Chart

Chervon Holdings Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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93.98

90.45

109.69

106.52

95.78

Chervon Holdings Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					121.88	110.57	88.08	92.85	83.06

Competitive Comparison of Chervon Holdings's Days Payable

For the Specialty Industrial Machinery subindustry, Chervon 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.

Chervon Holdings's Days Payable Distribution in the Industrial Products Industry

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

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

Chervon 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.

Chervon 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
=	( (2292.427	+	1756.846)	/	2 )	/	7715.153	*	365
=	2024.6365					/	7715.153	*	365
=	95.78

Chervon 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
=	( (1702.542	+	1756.846)	/	2 )	/	3800.499	*	365 / 2
=	1729.694					/	3800.499	*	365 / 2
=	83.06

Chervon Holdings Days Payable Related Terms

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Chervon Holdings (HKSE:02285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Chervon Holdings Ltd (HKSE:02285) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHRHF:USA AZ9:Germany

Address

No. 99, Tianyuan West Road, Jiangning Economic and Technological, Development Zone, Nanjing, CHN

Website

https://global.chervongroup.com

Chervon Holdings Ltd is an investment holding company. The company and its subsidiaries are engaged in researching, developing, manufacturing, testing, sales, and after-sale services for power tools, outdoor power equipment and related products. The Company earned majority of its revenue from Sales of outdoor power equipment.

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