Risecomm Group Holdings (HKSE:01679) Days Payable : 227.26 (As of Dec. 2023)

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What is Risecomm Group Holdings Days Payable?

Risecomm Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$71.4 Mil. Risecomm Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$57.3 Mil. Hence, Risecomm Group Holdings's Days Payable for the six months ended in Dec. 2023 was 227.26.

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

HKSE:01679' s Days Payable Range Over the Past 10 Years
Min: 79.88 Med: 181.49 Max: 350.16
Current: 346.61

During the past 10 years, Risecomm Group Holdings's highest Days Payable was 350.16. The lowest was 79.88. And the median was 181.49.

HKSE:01679's Days Payable is ranked better than
95.85% of 965 companies
in the Semiconductors industry
Industry Median: 51.8 vs HKSE:01679: 346.61

Risecomm Group Holdings's Days Payable declined from Dec. 2022 (238.62) to Dec. 2023 (227.26). It may suggest that Risecomm Group Holdings accelerated paying its suppliers.

Risecomm Group Holdings Days Payable Historical Data

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

Risecomm Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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190.21

131.51

133.39

308.27

350.16

Risecomm Group Holdings Semi-Annual Data
	Dec14	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													62.81	326.38	238.62	574.04	227.26

Competitive Comparison of Risecomm Group Holdings's Days Payable

For the Semiconductors subindustry, Risecomm 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.

Risecomm Group Holdings's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Risecomm Group Holdings's Days Payable distribution charts can be found below:

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

Risecomm 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.

Risecomm 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
=	( (104.331	+	62.088)	/	2 )	/	86.737	*	365
=	83.2095					/	86.737	*	365
=	350.16

Risecomm 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
=	( (80.682	+	62.088)	/	2 )	/	57.326	*	365 / 2
=	71.385					/	57.326	*	365 / 2
=	227.26

Risecomm Group Holdings Days Payable Related Terms

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Risecomm Group Holdings (HKSE:01679) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Risecomm Group Holdings Ltd (HKSE:01679) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Xili Street, 41st Floor, Block A, Building 8, Shenzhen International Innovation Valley, Nanshan Distric, Shenzhen, CHN, 518055

Website

https://www.risecomm.com.cn

Risecomm Group Holdings Ltd is an investment holding company. It operates in two business segments namely, Automated Meter Reading (AMR) and other includes design, development, and sale of power line communication products and energy-saving and environmental protection products and solutions used in streetlight control, building energy management, photovoltaic power management, and providing maintenance services in connections with the deployment and upgrading of AMR systems in PRC; and Smart manufacturing & industrial automation (SMIA) business segment includes the sales of the software license, safety products as well as the provision of software post-contract customers support services. It generates revenue from AMR business. Geographically, it derives revenue from the PRC.

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