Min Xin Holdings (HKSE:00222) Days Payable : 0.00 (As of Dec. 2023)

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What is Min Xin Holdings Days Payable?

Min Xin Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$0.0 Mil. Min Xin Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$89.2 Mil. Hence, Min Xin Holdings's Days Payable for the six months ended in Dec. 2023 was 0.00.

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

HKSE:00222' s Days Payable Range Over the Past 10 Years
Min: 3.14 Med: 66.47 Max: 124.93
Current: 71.27

During the past 13 years, Min Xin Holdings's highest Days Payable was 124.93. The lowest was 3.14. And the median was 66.47.

HKSE:00222's Days Payable is ranked better than
54% of 50 companies
in the Insurance industry
Industry Median: 58.24 vs HKSE:00222: 71.27

Min Xin Holdings's Days Payable declined from Dec. 2022 (71.02) to Dec. 2023 (0.00). It may suggest that Min Xin Holdings accelerated paying its suppliers.

Min Xin Holdings Days Payable Historical Data

The historical data trend for Min Xin 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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Min Xin Holdings Days Payable Chart

Min Xin Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81.11

84.46

124.93

72.82

21.54

Min Xin Holdings 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															122.94	132.36	71.02	20.79	-

Competitive Comparison of Min Xin Holdings's Days Payable

For the Insurance - Property & Casualty subindustry, Min Xin 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.

Min Xin Holdings's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Min Xin Holdings's Days Payable distribution charts can be found below:

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

Min Xin 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.

Min Xin 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
=	( (10.928	+	0)	/	1 )	/	185.178	*	365
=	10.928					/	185.178	*	365
=	21.54

Min Xin 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
=	( (0	+	0)	/	1 )	/	89.234	*	365 / 2
=	0					/	89.234	*	365 / 2
=	0.00

Min Xin Holdings Days Payable Related Terms

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Min Xin Holdings (HKSE:00222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Min Xin Holdings Ltd (HKSE:00222) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MXD:Germany

Address

No. 8 Cotton Tree Drive, 17th Floor, Fairmont House, Central, Hong Kong, HKG

Website

https://www.minxin.com.hk

Min Xin Holdings Ltd is a Hong Kong-based investment holding company. It provides business including banking investment, microfinance, insurance, property investment, and energy investment. Mainland China. It organizes its business into five segments namely Financial Services, Insurance, Property investment, Strategic Investment, and Other activities. It operates its business in Hong Kong, Mainland China, and Macau, and derives a majority of its revenue from Macau.

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