CHTC Fong's International Co (HKSE:00641) Days Payable : 70.53 (As of Dec. 2023)

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What is CHTC Fong's International Co Days Payable?

CHTC Fong's International Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$237 Mil. CHTC Fong's International Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$614 Mil. Hence, CHTC Fong's International Co's Days Payable for the six months ended in Dec. 2023 was 70.53.

The historical rank and industry rank for CHTC Fong's International Co's Days Payable or its related term are showing as below:

HKSE:00641' s Days Payable Range Over the Past 10 Years
Min: 33.83 Med: 75.84 Max: 125.82
Current: 73.85

During the past 13 years, CHTC Fong's International Co's highest Days Payable was 125.82. The lowest was 33.83. And the median was 75.84.

HKSE:00641's Days Payable is ranked worse than
52.21% of 2936 companies
in the Industrial Products industry
Industry Median: 76.395 vs HKSE:00641: 73.85

CHTC Fong's International Co's Days Payable increased from Dec. 2022 (65.78) to Dec. 2023 (70.53). It may suggest that CHTC Fong's International Co delayed paying its suppliers.

CHTC Fong's International Co Days Payable Historical Data

The historical data trend for CHTC Fong's International Co'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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CHTC Fong's International Co Days Payable Chart

CHTC Fong's International Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.15

33.83

47.15

65.01

77.53

CHTC Fong's International Co 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															49.28	68.74	65.78	73.44	70.53

Competitive Comparison of CHTC Fong's International Co's Days Payable

For the Specialty Industrial Machinery subindustry, CHTC Fong's International Co'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.

CHTC Fong's International Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, CHTC Fong's International Co's Days Payable distribution charts can be found below:

* The bar in red indicates where CHTC Fong's International Co's Days Payable falls into.

CHTC Fong's International Co 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.

CHTC Fong's International Co'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
=	( (284.618	+	246.702)	/	2 )	/	1250.758	*	365
=	265.66					/	1250.758	*	365
=	77.53

CHTC Fong's International Co'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
=	( (227.889	+	246.702)	/	2 )	/	613.987	*	365 / 2
=	237.2955					/	613.987	*	365 / 2
=	70.53

CHTC Fong's International Co Days Payable Related Terms

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CHTC Fong's International Co (HKSE:00641) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » CHTC Fong's International Co Ltd (HKSE:00641) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

51 Kwai Cheong Road, Level 13, Tower 2, Kowloon Commerce Centre, Kwai Chung, Hong Kong, HKG

Website

https://www.fongs.com

CHTC Fong's International Co Ltd is engaged in manufacturing machines, equipment, and other related parts. The group through its subsidiaries operates in three reportable segments which include manufacturing and sale of dyeing and finishing machines, trading of stainless steel supplies and Manufacture and sale of stainless steel casting products. Its business activity functions through various geographical regions which include China, Hong Kong, the Asia-Pacific, Europe, North America, South America, and others. While the majority of the company revenues for Fong's Industries are derived through the dyeing and finishing machines segment.

CHTC Fong's International Co (HKSE:00641) Headlines

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