Xinda Investment Holdings (HKSE:01281) Days Payable : 86.08 (As of Dec. 2023)

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What is Xinda Investment Holdings Days Payable?

Xinda Investment Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$19.7 Mil. Xinda Investment Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$41.7 Mil. Hence, Xinda Investment Holdings's Days Payable for the six months ended in Dec. 2023 was 86.08.

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

HKSE:01281' s Days Payable Range Over the Past 10 Years
Min: 26.97 Med: 66.99 Max: 1215.28
Current: 73.57

During the past 13 years, Xinda Investment Holdings's highest Days Payable was 1215.28. The lowest was 26.97. And the median was 66.99.

HKSE:01281's Days Payable is ranked worse than
51.55% of 388 companies
in the Utilities - Independent Power Producers industry
Industry Median: 76.865 vs HKSE:01281: 73.57

Xinda Investment Holdings's Days Payable increased from Dec. 2022 (33.99) to Dec. 2023 (86.08). It may suggest that Xinda Investment Holdings delayed paying its suppliers.

Xinda Investment Holdings Days Payable Historical Data

The historical data trend for Xinda Investment 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.

* Premium members only.

Xinda Investment Holdings Days Payable Chart

Xinda Investment Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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150.02

30.32

26.97

54.78

69.17

Xinda Investment 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															43.19	63.41	33.99	68.06	86.08

Competitive Comparison of Xinda Investment Holdings's Days Payable

For the Utilities - Independent Power Producers subindustry, Xinda Investment 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.

Xinda Investment Holdings's Days Payable Distribution in the Utilities - Independent Power Producers Industry

For the Utilities - Independent Power Producers industry and Utilities sector, Xinda Investment Holdings's Days Payable distribution charts can be found below:

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

Xinda Investment 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.

Xinda Investment 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
=	( (19.639	+	17.331)	/	2 )	/	97.539	*	365
=	18.485					/	97.539	*	365
=	69.17

Xinda Investment 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
=	( (22.007	+	17.331)	/	2 )	/	41.699	*	365 / 2
=	19.669					/	41.699	*	365 / 2
=	86.08

Xinda Investment Holdings Days Payable Related Terms

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Xinda Investment Holdings (HKSE:01281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Xinda Investment Holdings Ltd (HKSE:01281) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

66 Dongfang Road, Longjitaihe Industrial Park, Hebei Province, Gaobeidian, CHN

Website

http://en.longitech.hk

Xinda Investment Holdings Ltd formerly LongiTech Smart Energy Holding Ltd is engaged in providing smart energy solutions in the PRC. The primary activities of the company are smart energy and solar energy businesses. Its operating segments are Smart energy business and Public infrastructure construction business of which the majority of the revenue is generated from the Smart energy business segment. Geographically, it operates in China.

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