Magnificent Hotel Investments (HKSE:00201) Days Payable : 4.00 (As of Dec. 2023)

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What is Magnificent Hotel Investments Days Payable?

Magnificent Hotel Investments's average Accounts Payable for the six months ended in Dec. 2023 was HK$4.6 Mil. Magnificent Hotel Investments's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$210.4 Mil. Hence, Magnificent Hotel Investments's Days Payable for the six months ended in Dec. 2023 was 4.00.

The historical rank and industry rank for Magnificent Hotel Investments's Days Payable or its related term are showing as below:

HKSE:00201' s Days Payable Range Over the Past 10 Years
Min: 3.18 Med: 4.74 Max: 45.64
Current: 4.19

During the past 13 years, Magnificent Hotel Investments's highest Days Payable was 45.64. The lowest was 3.18. And the median was 4.74.

HKSE:00201's Days Payable is ranked worse than
96.81% of 753 companies
in the Travel & Leisure industry
Industry Median: 57.9 vs HKSE:00201: 4.19

Magnificent Hotel Investments's Days Payable declined from Dec. 2022 (4.62) to Dec. 2023 (4.00). It may suggest that Magnificent Hotel Investments accelerated paying its suppliers.

Magnificent Hotel Investments Days Payable Historical Data

The historical data trend for Magnificent Hotel Investments'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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Magnificent Hotel Investments Days Payable Chart

Magnificent Hotel Investments Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3.18

4.29

5.19

5.28

3.42

Magnificent Hotel Investments Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															5.65	6.96	4.62	5.53	4.00

Competitive Comparison of Magnificent Hotel Investments's Days Payable

For the Lodging subindustry, Magnificent Hotel Investments'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.

Magnificent Hotel Investments's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Magnificent Hotel Investments's Days Payable distribution charts can be found below:

* The bar in red indicates where Magnificent Hotel Investments's Days Payable falls into.

Magnificent Hotel Investments 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.

Magnificent Hotel Investments'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
=	( (2.487	+	3.875)	/	2 )	/	339.729	*	365
=	3.181					/	339.729	*	365
=	3.42

Magnificent Hotel Investments'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
=	( (5.351	+	3.875)	/	2 )	/	210.367	*	365 / 2
=	4.613					/	210.367	*	365 / 2
=	4.00

Magnificent Hotel Investments Days Payable Related Terms

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Magnificent Hotel Investments (HKSE:00201) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Magnificent Hotel Investments Ltd (HKSE:00201) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

24-30 Ice House Street, 3rd Floor, Shun Ho Tower, Central, Hong Kong, HKG

Website

http://www.magnificenthotelinv.com

Magnificent Hotel Investments Ltd is an investment holding company. The firm manages its business into three segments, namely Hospitality services, Property investment, and Securities investment. It operates the Ramada Hotel, Best Western Plus Hotel, Best Western Hotel, Magnificent International Hotel, Best Western Causeway Bay, and Grand City Hotel. It derives the majority of its revenue from the Hospitality services segment. Its geographical segments are Hong Kong, China, and the United States.

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