CPMC Holdings (HKSE:00906) Days Payable : 99.07 (As of Dec. 2023)

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What is CPMC Holdings Days Payable?

CPMC Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$2,471 Mil. CPMC Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,551 Mil. Hence, CPMC Holdings's Days Payable for the six months ended in Dec. 2023 was 99.07.

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

HKSE:00906' s Days Payable Range Over the Past 10 Years
Min: 48.36 Med: 75.09 Max: 101.09
Current: 98.21

During the past 13 years, CPMC Holdings's highest Days Payable was 101.09. The lowest was 48.36. And the median was 75.09.

HKSE:00906's Days Payable is ranked better than
79.4% of 369 companies
in the Packaging & Containers industry
Industry Median: 57.64 vs HKSE:00906: 98.21

CPMC Holdings's Days Payable increased from Dec. 2022 (96.61) to Dec. 2023 (99.07). It may suggest that CPMC Holdings delayed paying its suppliers.

CPMC Holdings Days Payable Historical Data

The historical data trend for CPMC 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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CPMC Holdings Days Payable Chart

CPMC Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.11

73.91

82.57

101.09

100.59

CPMC 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															88.73	89.63	96.61	95.13	99.07

Competitive Comparison of CPMC Holdings's Days Payable

For the Packaging & Containers subindustry, CPMC 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.

CPMC Holdings's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, CPMC Holdings's Days Payable distribution charts can be found below:

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

CPMC 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.

CPMC 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
=	( (2705.217	+	2515.74)	/	2 )	/	9472.139	*	365
=	2610.4785					/	9472.139	*	365
=	100.59

CPMC 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
=	( (2425.336	+	2515.74)	/	2 )	/	4550.898	*	365 / 2
=	2470.538					/	4550.898	*	365 / 2
=	99.07

CPMC Holdings Days Payable Related Terms

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CPMC Holdings (HKSE:00906) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » CPMC Holdings Ltd (HKSE:00906) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8C3:Germany

Address

No. 160, Weiken Street, Hangzhou Economic and Technical Development Zone, Zhejiang Province, Hangzhou, CHN, 310018

Website

http://www.cofco-pack.com

CPMC Holdings Ltd is an investment holding company engaged in the manufacturing and sales of packaging products used for consumer goods such as food, beverages, and household chemical products. The company operates in three segments; Tinplate packaging includes tinplate packaging products, which include, milk powder cans, aerosol cans, metal caps, steel barrels, and other metal packaging, Aluminum packaging includes aluminum packaging products of two-piece beverage cans and one-piece bottles, and Plastic packaging includes plastic packaging products used for milk bottles, shampoo bottles, plastic devices of electronic products, daily use hardware, package printing, sports drink bottles, and related plastic-made products.

CPMC Holdings (HKSE:00906) Headlines

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