Grand Ming Group Holdings (HKSE:01271) Days Payable : 233.46 (As of Sep. 2023)

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What is Grand Ming Group Holdings Days Payable?

Grand Ming Group Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$120.7 Mil. Grand Ming Group Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$94.3 Mil. Hence, Grand Ming Group Holdings's Days Payable for the six months ended in Sep. 2023 was 233.46.

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

HKSE:01271' s Days Payable Range Over the Past 10 Years
Min: 20.85 Med: 81.13 Max: 185.91
Current: 185.91

During the past 11 years, Grand Ming Group Holdings's highest Days Payable was 185.91. The lowest was 20.85. And the median was 81.13.

HKSE:01271's Days Payable is ranked better than
81.25% of 1605 companies
in the Construction industry
Industry Median: 73.78 vs HKSE:01271: 185.91

Grand Ming Group Holdings's Days Payable increased from Sep. 2022 (10.22) to Sep. 2023 (233.46). It may suggest that Grand Ming Group Holdings delayed paying its suppliers.

Grand Ming Group Holdings Days Payable Historical Data

The historical data trend for Grand Ming Group 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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Grand Ming Group Holdings Days Payable Chart

Grand Ming Group Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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182.68

76.46

78.77

129.48

20.85

Grand Ming Group Holdings 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															131.38	199.20	10.22	160.87	233.46

Competitive Comparison of Grand Ming Group Holdings's Days Payable

For the Engineering & Construction subindustry, Grand Ming Group 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.

Grand Ming Group Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Grand Ming Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Grand Ming Group Holdings's Days Payable falls into.

Grand Ming Group 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.

Grand Ming Group Holdings'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
=	( (216.182	+	128.548)	/	2 )	/	3016.788	*	365
=	172.365					/	3016.788	*	365
=	20.85

Grand Ming Group Holdings'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
=	( (128.548	+	112.802)	/	2 )	/	94.333	*	365 / 2
=	120.675					/	94.333	*	365 / 2
=	233.46

Grand Ming Group Holdings Days Payable Related Terms

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Grand Ming Group Holdings (HKSE:01271) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Grand Ming Group Holdings Ltd (HKSE:01271) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 39 Chatham Road South, 22nd Floor, Railway Plaza, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.grandming.com.hk

Grand Ming Group Holdings Ltd is an investment holding company. The segments in which the company operates include Construction is a key revenue driver, which includes contracts for residential buildings, commercial buildings, and data centers; Property leasing, which includes leasing of data centers; and Property development segment includes the development and sale of properties. All of its activities are carried out in Hong Kong.

Grand Ming Group Holdings (HKSE:01271) Headlines

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