Paradise Entertainment (HKSE:01180) Days Payable : 16.80 (As of Dec. 2023)

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What is Paradise Entertainment Days Payable?

Paradise Entertainment's average Accounts Payable for the six months ended in Dec. 2023 was HK$16.4 Mil. Paradise Entertainment's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$177.9 Mil. Hence, Paradise Entertainment's Days Payable for the six months ended in Dec. 2023 was 16.80.

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

HKSE:01180' s Days Payable Range Over the Past 10 Years
Min: 6.08 Med: 18.86 Max: 49.14
Current: 19.88

During the past 13 years, Paradise Entertainment's highest Days Payable was 49.14. The lowest was 6.08. And the median was 18.86.

HKSE:01180's Days Payable is ranked worse than
83.73% of 756 companies
in the Travel & Leisure industry
Industry Median: 58.165 vs HKSE:01180: 19.88

Paradise Entertainment's Days Payable declined from Dec. 2022 (22.26) to Dec. 2023 (16.80). It may suggest that Paradise Entertainment accelerated paying its suppliers.

Paradise Entertainment Days Payable Historical Data

The historical data trend for Paradise Entertainment'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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Paradise Entertainment Days Payable Chart

Paradise Entertainment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.54

12.54

6.08

15.12

20.53

Paradise Entertainment 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															6.20	7.58	22.26	23.28	16.80

Competitive Comparison of Paradise Entertainment's Days Payable

For the Resorts & Casinos subindustry, Paradise Entertainment'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.

Paradise Entertainment's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, Paradise Entertainment's Days Payable distribution charts can be found below:

* The bar in red indicates where Paradise Entertainment's Days Payable falls into.

Paradise Entertainment 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.

Paradise Entertainment'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
=	( (17.858	+	16.979)	/	2 )	/	309.749	*	365
=	17.4185					/	309.749	*	365
=	20.53

Paradise Entertainment'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
=	( (15.774	+	16.979)	/	2 )	/	177.934	*	365 / 2
=	16.3765					/	177.934	*	365 / 2
=	16.80

Paradise Entertainment Days Payable Related Terms

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Paradise Entertainment (HKSE:01180) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Paradise Entertainment Ltd (HKSE:01180) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PDSSF:USA LIL3:Germany

Address

Unit C, 19th Floor, 30 Queen's Road Central, Entertainment Building, Hong Kong, HKG

Website

https://www.hk1180.com

Paradise Entertainment Ltd is an investment holding company. The company, through its subsidiaries, engages in the development, supply, and sales of electronic gaming systems and the provision of casino management services. The operating segment of the company is divided into two segments: Casino management services engaged in the provision of casino management services in Macau; and Gaming systems engaged in the development, sale and leasing of electronic gaming equipment and systems and royalty income. It generates the majority of its revenue from Casino Service.

Paradise Entertainment (HKSE:01180) Headlines

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