China Best Group Holding (HKSE:00370) Days Payable : 819.58 (As of Sep. 2023)

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What is China Best Group Holding Days Payable?

China Best Group Holding's average Accounts Payable for the six months ended in Sep. 2023 was HK$366.8 Mil. China Best Group Holding's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$81.7 Mil. Hence, China Best Group Holding's Days Payable for the six months ended in Sep. 2023 was 819.58.

The historical rank and industry rank for China Best Group Holding's Days Payable or its related term are showing as below:

HKSE:00370' s Days Payable Range Over the Past 10 Years
Min: 7.44 Med: 28.56 Max: 530.08
Current: 530.08

During the past 13 years, China Best Group Holding's highest Days Payable was 530.08. The lowest was 7.44. And the median was 28.56.

HKSE:00370's Days Payable is ranked better than
96.67% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs HKSE:00370: 530.08

China Best Group Holding's Days Payable increased from Sep. 2022 (289.71) to Sep. 2023 (819.58). It may suggest that China Best Group Holding delayed paying its suppliers.

China Best Group Holding Days Payable Historical Data

The historical data trend for China Best Group Holding'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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China Best Group Holding Days Payable Chart

China Best Group Holding Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Mar22

Mar23

Days Payable

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37.23

84.55

19.88

101.83

354.87

China Best Group Holding Semi-Annual Data
	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															101.84	224.94	289.71	399.82	819.58

Competitive Comparison of China Best Group Holding's Days Payable

For the Specialty Retail subindustry, China Best Group Holding'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.

China Best Group Holding's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, China Best Group Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where China Best Group Holding's Days Payable falls into.

China Best Group Holding 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.

China Best Group Holding'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
=	( (398.033	+	381.882)	/	2 )	/	401.092	*	365
=	389.9575					/	401.092	*	365
=	354.87

China Best Group Holding'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
=	( (381.882	+	351.743)	/	2 )	/	81.68	*	365 / 2
=	366.8125					/	81.68	*	365 / 2
=	819.58

China Best Group Holding Days Payable Related Terms

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China Best Group Holding (HKSE:00370) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » China Best Group Holding Ltd (HKSE:00370) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

EFO3:Germany

Address

The Gateway, Harbour City, Suite 1901-2 & 14, 19th Floor, Tower 6, Kowloon, Hong Kong, HKG

Website

http://www.cbgroup.com.hk

China Best Group Holding Ltd is a China-based company having various business segments. Trading of goods including radio systems and electronic appliances which is the key revenue driver; Finance leasing of plant and machinery; Money lending; Securities and futures brokerage segment engages in securities and futures dealing services in Hong Kong; International air and sea freight forwarding and logistic services to customers in Singapore and the USA; Securities trading of equity securities and dividend income from held for trading investments; Property investment for rental income and capital appreciation in PRC; Building architecture and interior design services; Property brokerage and agency service,Geothermal energy, Customised technical support segment and Centralised heating segment.

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