APAC Resources (HKSE:01104) Days Payable : 12.29 (As of Dec. 2023)

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What is APAC Resources Days Payable?

APAC Resources's average Accounts Payable for the six months ended in Dec. 2023 was HK$58 Mil. APAC Resources's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$864 Mil. Hence, APAC Resources's Days Payable for the six months ended in Dec. 2023 was 12.29.

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

HKSE:01104' s Days Payable Range Over the Past 10 Years
Min: 13.65 Med: 34.55 Max: 86.43
Current: 13.65

During the past 13 years, APAC Resources's highest Days Payable was 86.43. The lowest was 13.65. And the median was 34.55.

HKSE:01104's Days Payable is ranked worse than
81.3% of 524 companies
in the Capital Markets industry
Industry Median: 100.09 vs HKSE:01104: 13.65

APAC Resources's Days Payable declined from Dec. 2022 (70.28) to Dec. 2023 (12.29). It may suggest that APAC Resources accelerated paying its suppliers.

APAC Resources Days Payable Historical Data

The historical data trend for APAC Resources'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.

* Premium members only.

APAC Resources Days Payable Chart

APAC Resources Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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22.43

31.75

35.86

64.00

33.24

APAC Resources 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															204.52	49.01	70.28	7.38	12.29

Competitive Comparison of APAC Resources's Days Payable

For the Capital Markets subindustry, APAC Resources'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.

APAC Resources's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, APAC Resources's Days Payable distribution charts can be found below:

* The bar in red indicates where APAC Resources's Days Payable falls into.

APAC Resources 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.

APAC Resources's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (64.926	+	9.866)	/	2 )	/	410.664	*	365
=	37.396					/	410.664	*	365
=	33.24

APAC Resources'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
=	( (9.866	+	106.597)	/	2 )	/	864.379	*	365 / 2
=	58.2315					/	864.379	*	365 / 2
=	12.29

APAC Resources Days Payable Related Terms

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APAC Resources (HKSE:01104) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » APAC Resources Ltd (HKSE:01104) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

APPCF:USA FZV1:Germany

Address

138 Gloucester Road, Allied Kajima Building, Wanchai, Room 2304, 23rd Floor, Hong Kong, HKG

Website

http://www.apacresources.com

APAC Resources Ltd is an investment holding company principally engaged in the commodity trading business and natural source investment business. The company operates through three business segments namely Commodity Business which includes trading of commodities, Resource investment which is engaged in the trading of and investment in listed and unlisted securities and Principal investment and financial services which engaged in the provision of loan financing and investments in loan notes, convertible notes, and other financial assets. The company generates maximum revenue from Commodity Business segment.

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