Shandong Hi-Speed Holdings Group (HKSE:00412) Days Payable : 177.60 (As of Dec. 2023)

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What is Shandong Hi-Speed Holdings Group Days Payable?

Shandong Hi-Speed Holdings Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,600 Mil. Shandong Hi-Speed Holdings Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,645 Mil. Hence, Shandong Hi-Speed Holdings Group's Days Payable for the six months ended in Dec. 2023 was 177.60.

The historical rank and industry rank for Shandong Hi-Speed Holdings Group's Days Payable or its related term are showing as below:

HKSE:00412' s Days Payable Range Over the Past 10 Years
Min: 4.39 Med: 29.18 Max: 371.05
Current: 205.6

During the past 13 years, Shandong Hi-Speed Holdings Group's highest Days Payable was 371.05. The lowest was 4.39. And the median was 29.18.

HKSE:00412's Days Payable is ranked better than
72.61% of 471 companies
in the Asset Management industry
Industry Median: 67.07 vs HKSE:00412: 205.60

Shandong Hi-Speed Holdings Group's Days Payable declined from Dec. 2022 (281.58) to Dec. 2023 (177.60). It may suggest that Shandong Hi-Speed Holdings Group accelerated paying its suppliers.

Shandong Hi-Speed Holdings Group Days Payable Historical Data

The historical data trend for Shandong Hi-Speed Holdings 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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Shandong Hi-Speed Holdings Group Days Payable Chart

Shandong Hi-Speed Holdings Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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371.05

207.06

Shandong Hi-Speed Holdings Group Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															-	798.27	281.58	236.63	177.60

Competitive Comparison of Shandong Hi-Speed Holdings Group's Days Payable

For the Asset Management subindustry, Shandong Hi-Speed Holdings 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.

Shandong Hi-Speed Holdings Group's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Shandong Hi-Speed Holdings Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Hi-Speed Holdings Group's Days Payable falls into.

Shandong Hi-Speed Holdings 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.

Shandong Hi-Speed Holdings Group'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
=	( (1963.914	+	1503.722)	/	2 )	/	3056.315	*	365
=	1733.818					/	3056.315	*	365
=	207.06

Shandong Hi-Speed Holdings Group'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
=	( (1697.088	+	1503.722)	/	2 )	/	1644.539	*	365 / 2
=	1600.405					/	1644.539	*	365 / 2
=	177.60

Shandong Hi-Speed Holdings Group Days Payable Related Terms

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Shandong Hi-Speed Holdings Group (HKSE:00412) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Shandong Hi-Speed Holdings Group Ltd (HKSE:00412) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HRI:Germany

Address

No. 50 Connaught Road Central, 17th Floor, Agricultural Bank of China Tower, Hong Kong, HKG

Website

https://www.csfg.com.hk

Shandong Hi-Speed Holdings Group Ltd is an investment holding company & its segments include Industrial investment segment in operations of industrial investment-related business; Standard investment segment in trading of listed securities & listed bonds for interest income & capital appreciation; Non-standard investment segment in direct investment business, investments in debts instruments, unlisted bonds & investment funds; Licensed financial services segment in provision of money lending services, securities brokerage services, asset management services & asset trading platform; & Financial technology segment in online investment & technology-enabled lending services & online new media services. The majority is from the Industrial Investment segment & key revenue is from PRC.

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