China In-Tech (HKSE:00464) Days Payable : 50.81 (As of Sep. 2023)

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What is China In-Tech Days Payable?

China In-Tech's average Accounts Payable for the six months ended in Sep. 2023 was HK$17.2 Mil. China In-Tech's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$61.9 Mil. Hence, China In-Tech's Days Payable for the six months ended in Sep. 2023 was 50.81.

The historical rank and industry rank for China In-Tech's Days Payable or its related term are showing as below:

HKSE:00464' s Days Payable Range Over the Past 10 Years
Min: 49.14 Med: 60.49 Max: 80.01
Current: 49.14

During the past 13 years, China In-Tech's highest Days Payable was 80.01. The lowest was 49.14. And the median was 60.49.

HKSE:00464's Days Payable is ranked better than
53.67% of 1787 companies
in the Consumer Packaged Goods industry
Industry Median: 46.07 vs HKSE:00464: 49.14

China In-Tech's Days Payable declined from Sep. 2022 (66.77) to Sep. 2023 (50.81). It may suggest that China In-Tech accelerated paying its suppliers.

China In-Tech Days Payable Historical Data

The historical data trend for China In-Tech'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 In-Tech Days Payable Chart

China In-Tech Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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62.33

65.85

69.46

80.01

69.23

China In-Tech Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															73.95	88.19	66.77	45.41	50.81

Competitive Comparison of China In-Tech's Days Payable

For the Household & Personal Products subindustry, China In-Tech'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 In-Tech's Days Payable Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, China In-Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where China In-Tech's Days Payable falls into.

China In-Tech 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 In-Tech'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
=	( (53.831	+	17.083)	/	2 )	/	186.951	*	365
=	35.457					/	186.951	*	365
=	69.23

China In-Tech'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
=	( (17.083	+	17.361)	/	2 )	/	61.86	*	365 / 2
=	17.222					/	61.86	*	365 / 2
=	50.81

China In-Tech Days Payable Related Terms

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China In-Tech (HKSE:00464) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » China In-Tech Ltd (HKSE:00464) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

18 Queen’s Road Central, New World Tower 1, Unit 2302, 23rd Floor, Central, Hong Kong, HKG

Website

http://www.co-nuoxin.com

China In-Tech Ltd Formerly China Overseas Nuoxin International Holdings Ltd engages in the design, manufacture, and sale of electrical haircare and healthcare products. Its product portfolio includes Hair dryer, Straightener, Curling tong, Hot air styler, Mini vac cleaner, Facial sauna, Electric massager, Derma cleanser, and other small household electrical appliances. The firm also engages in the design, manufacture, and sale of motors; and the provision of contract processing services. The group's revenue is mainly derived from customers located in Europe, Asia, North and South America, Australia, and Africa, of which a majority of revenue is derived from Europe.

Executives

China Yuen Capital Limited	2101 Beneficial owner
Li Yuelan	2201 Interest of corporation controlled by you
Liu Xuezhong	2201 Interest of corporation controlled by you
Luckever Holdings Limited	2201 Interest of corporation controlled by you
Donghai International Financial Holdings Company Limited	2106 Person having a security interest in shares
Feng Xinhe	2101 Beneficial owner
Dong Hai Zheng Quan Gu Fen You Xian Gong Si	2106 Person having a security interest in shares
Te Shu Ji Yu Si Mu Tou Zi Ji Jin Hao

China In-Tech (HKSE:00464) Headlines

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