MS Group Holdings (HKSE:01451) Days Payable : 20.72 (As of Dec. 2023)

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What is MS Group Holdings Days Payable?

MS Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$9.4 Mil. MS Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$82.7 Mil. Hence, MS Group Holdings's Days Payable for the six months ended in Dec. 2023 was 20.72.

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

HKSE:01451' s Days Payable Range Over the Past 10 Years
Min: 18.7 Med: 35.23 Max: 53.65
Current: 18.7

During the past 9 years, MS Group Holdings's highest Days Payable was 53.65. The lowest was 18.70. And the median was 35.23.

HKSE:01451's Days Payable is ranked worse than
93.22% of 369 companies
in the Packaging & Containers industry
Industry Median: 57.59 vs HKSE:01451: 18.70

MS Group Holdings's Days Payable declined from Dec. 2022 (21.44) to Dec. 2023 (20.72). It may suggest that MS Group Holdings accelerated paying its suppliers.

MS Group Holdings Days Payable Historical Data

The historical data trend for MS 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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MS Group Holdings Days Payable Chart

MS Group Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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35.23

31.60

27.29

19.08

21.00

MS Group Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											33.56	19.74	21.44	14.09	20.72

Competitive Comparison of MS Group Holdings's Days Payable

For the Packaging & Containers subindustry, MS 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.

MS Group Holdings's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, MS Group Holdings's Days Payable distribution charts can be found below:

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

MS 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.

MS Group 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
=	( (5.625	+	12.656)	/	2 )	/	158.865	*	365
=	9.1405					/	158.865	*	365
=	21.00

MS Group 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
=	( (6.131	+	12.656)	/	2 )	/	82.749	*	365 / 2
=	9.3935					/	82.749	*	365 / 2
=	20.72

MS Group Holdings Days Payable Related Terms

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MS Group Holdings (HKSE:01451) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » MS Group Holdings Ltd (HKSE:01451) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 Sheung Yuet Road, Room 907, 9th Floor, Enterprise Square Tower 1, Kowloon Bay, Hong Kong, HKG

Website

http://www.mainsuccess.cn

MS Group Holdings Ltd produces and sells plastic bottles and baby feeding accessories. Its operating segments are the OEM business which comprises the production and sales of plastic bottles and cups for infants and toddlers and plastic sports bottles on an OEM basis predominately for the overseas markets; and the Yo Yo Monkey Business, which comprises the production and sales of infant and toddler products, particularly plastic bottles and cups, under the brand developed by the Group and known as Yo Yo Monkey, principally for the PRC market, and the majority of the revenue comes from the OEM business. Its revenue is mainly derived from the United States of America; also has a presence in the Netherlands, Italy, the PRC, and other countries.

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