Kingbo Strike (HKSE:01421) Days Payable : 19.55 (As of Dec. 2023)

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What is Kingbo Strike Days Payable?

Kingbo Strike's average Accounts Payable for the six months ended in Dec. 2023 was HK$6.52 Mil. Kingbo Strike's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$60.84 Mil. Hence, Kingbo Strike's Days Payable for the six months ended in Dec. 2023 was 19.55.

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

HKSE:01421' s Days Payable Range Over the Past 10 Years
Min: 17.26 Med: 50.14 Max: 286.7
Current: 78.49

During the past 11 years, Kingbo Strike's highest Days Payable was 286.70. The lowest was 17.26. And the median was 50.14.

HKSE:01421's Days Payable is ranked better than
70.29% of 966 companies
in the Semiconductors industry
Industry Median: 51.69 vs HKSE:01421: 78.49

Kingbo Strike's Days Payable declined from Dec. 2022 (74.39) to Dec. 2023 (19.55). It may suggest that Kingbo Strike accelerated paying its suppliers.

Kingbo Strike Days Payable Historical Data

The historical data trend for Kingbo Strike'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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Kingbo Strike Days Payable Chart

Kingbo Strike Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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32.46

17.26

27.84

35.18

31.65

Kingbo Strike 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															20.73	41.44	74.39	210.80	19.55

Competitive Comparison of Kingbo Strike's Days Payable

For the Solar subindustry, Kingbo Strike'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.

Kingbo Strike's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Kingbo Strike's Days Payable distribution charts can be found below:

* The bar in red indicates where Kingbo Strike's Days Payable falls into.

Kingbo Strike 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.

Kingbo Strike'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
=	( (10.116	+	3.077)	/	2 )	/	76.075	*	365
=	6.5965					/	76.075	*	365
=	31.65

Kingbo Strike'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
=	( (3.077	+	9.959)	/	2 )	/	60.842	*	365 / 2
=	6.518					/	60.842	*	365 / 2
=	19.55

Kingbo Strike Days Payable Related Terms

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Kingbo Strike (HKSE:01421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Kingbo Strike Ltd (HKSE:01421) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 61 Mody Road, Unit 1202, 12th Floor, Mirror Tower, Tsim Sha Tsui East, Hong Kong, HKG

Website

http://www.kingbostrike.com

Kingbo Strike Ltd is engaged in the provision of electrical engineering services for public residential and commercial projects as well as deals in solar power business. The company operates in three segments namely, the Engineering Services segment comprises of electrical engineering solutions and related services; Solar power business segment comprises supply and installation services of solar photovoltaic parts and equipment; Electrical distribution system business segment engages in the provision of electrical distribution system. The company generates maximum revenue from the Solar Power Business segment. The company geographically operates in The People's Republic of China, Singapore and Hong Kong.

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