Pacific Millennium Packaging Group (HKSE:01820) Days Payable : 51.89 (As of Dec. 2023)

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What is Pacific Millennium Packaging Group Days Payable?

Pacific Millennium Packaging Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$271 Mil. Pacific Millennium Packaging Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$954 Mil. Hence, Pacific Millennium Packaging Group's Days Payable for the six months ended in Dec. 2023 was 51.89.

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

HKSE:01820' s Days Payable Range Over the Past 10 Years
Min: 49.12 Med: 67.6 Max: 78.59
Current: 54.57

During the past 9 years, Pacific Millennium Packaging Group's highest Days Payable was 78.59. The lowest was 49.12. And the median was 67.60.

HKSE:01820's Days Payable is ranked worse than
53.12% of 369 companies
in the Packaging & Containers industry
Industry Median: 57.64 vs HKSE:01820: 54.57

Pacific Millennium Packaging Group's Days Payable increased from Dec. 2022 (49.73) to Dec. 2023 (51.89). It may suggest that Pacific Millennium Packaging Group delayed paying its suppliers.

Pacific Millennium Packaging Group Days Payable Historical Data

The historical data trend for Pacific Millennium Packaging Group'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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Pacific Millennium Packaging Group Days Payable Chart

Pacific Millennium Packaging Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.03

67.60

49.12

53.43

55.75

Pacific Millennium Packaging Group 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											44.34	54.26	49.73	56.29	51.89

Competitive Comparison of Pacific Millennium Packaging Group's Days Payable

For the Packaging & Containers subindustry, Pacific Millennium Packaging Group'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.

Pacific Millennium Packaging Group's Days Payable Distribution in the Packaging & Containers Industry

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

* The bar in red indicates where Pacific Millennium Packaging Group's Days Payable falls into.

Pacific Millennium Packaging Group 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.

Pacific Millennium Packaging Group'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
=	( (272.254	+	282.724)	/	2 )	/	1816.753	*	365
=	277.489					/	1816.753	*	365
=	55.75

Pacific Millennium Packaging Group'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
=	( (259.872	+	282.724)	/	2 )	/	954.19	*	365 / 2
=	271.298					/	954.19	*	365 / 2
=	51.89

Pacific Millennium Packaging Group Days Payable Related Terms

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Pacific Millennium Packaging Group (HKSE:01820) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » Pacific Millennium Packaging Group Corp (HKSE:01820) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 398, Tian Lin Road, A303, 3rd Floor, Block 2, Shanghai, CHN, 200233

Website

http://www.pmpgc.com

Pacific Millennium Packaging Group Corp is an investment holding company engaged in the manufacture and sale of packaging materials. Its product offering includes; Corrugated packaging products like corrugated boxes, pallets, display stands, heavy-duty packaging, specialized packaging products; and Corrugated sheet boards. It caters to different industries such as Food and beverage, Paper and packaging, Non-food-and-beverage-consumables, Supplier chain solutions, E-commerce, Home electronics, and Others include home furniture, computer, and electronic device such as mobile phones, cameras, textiles, machinery, medical products, etc. The company generates the majority of its revenue from China.

Pacific Millennium Packaging Group (HKSE:01820) Headlines

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