Best Food Holding Co (HKSE:01488) Days Payable : 39.85 (As of Dec. 2023)

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What is Best Food Holding Co Days Payable?

Best Food Holding Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$54.6 Mil. Best Food Holding Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$249.9 Mil. Hence, Best Food Holding Co's Days Payable for the six months ended in Dec. 2023 was 39.85.

The historical rank and industry rank for Best Food Holding Co's Days Payable or its related term are showing as below:

HKSE:01488' s Days Payable Range Over the Past 10 Years
Min: 42.17 Med: 51.7 Max: 153.58
Current: 42.17

During the past 13 years, Best Food Holding Co's highest Days Payable was 153.58. The lowest was 42.17. And the median was 51.70.

HKSE:01488's Days Payable is ranked better than
56.47% of 340 companies
in the Restaurants industry
Industry Median: 38.035 vs HKSE:01488: 42.17

Best Food Holding Co's Days Payable declined from Dec. 2022 (50.78) to Dec. 2023 (39.85). It may suggest that Best Food Holding Co accelerated paying its suppliers.

Best Food Holding Co Days Payable Historical Data

The historical data trend for Best Food Holding Co'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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Best Food Holding Co Days Payable Chart

Best Food Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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64.53

45.35

42.94

51.63

42.43

Best Food Holding Co 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															43.33	51.11	50.78	44.33	39.85

Competitive Comparison of Best Food Holding Co's Days Payable

For the Restaurants subindustry, Best Food Holding Co'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.

Best Food Holding Co's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Best Food Holding Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Best Food Holding Co's Days Payable falls into.

Best Food Holding Co 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.

Best Food Holding Co'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
=	( (60.141	+	53.395)	/	2 )	/	488.396	*	365
=	56.768					/	488.396	*	365
=	42.43

Best Food Holding Co'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
=	( (55.727	+	53.395)	/	2 )	/	249.888	*	365 / 2
=	54.561					/	249.888	*	365 / 2
=	39.85

Best Food Holding Co Days Payable Related Terms

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Best Food Holding Co (HKSE:01488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Best Food Holding Co Ltd (HKSE:01488) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Finance Street, Suite 11, 70th Floor, Two International Finance Centre, Central, Hong Kong, HKG

Website

http://www.bestfoodholding.com

Best Food Holding Co Ltd is principally engaged in the operation of chain restaurants. It is involved in the Chinese fast-food restaurant chain and actively seeks relevant investment opportunities along the value chain of the catering industry. Its revenue is generated from the Food and beverage business. Geographically, it derives maximum revenue from PRC. It also has operations in the USA, Canada, Italy, Germany, Hong Kong, South American countries, UK, the Netherlands, the Middle East and Africa, Other European countries, and Other Asian countries.

Best Food Holding Co (HKSE:01488) Headlines

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