Precious Dragon Technology Holdings (HKSE:01861) Days Payable : 48.46 (As of Dec. 2023)

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What is Precious Dragon Technology Holdings Days Payable?

Precious Dragon Technology Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$53.3 Mil. Precious Dragon Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$200.9 Mil. Hence, Precious Dragon Technology Holdings's Days Payable for the six months ended in Dec. 2023 was 48.46.

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

HKSE:01861' s Days Payable Range Over the Past 10 Years
Min: 39.46 Med: 51.08 Max: 73.47
Current: 50.6

During the past 8 years, Precious Dragon Technology Holdings's highest Days Payable was 73.47. The lowest was 39.46. And the median was 51.08.

HKSE:01861's Days Payable is ranked worse than
54.63% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs HKSE:01861: 50.60

Precious Dragon Technology Holdings's Days Payable declined from Dec. 2022 (49.45) to Dec. 2023 (48.46). It may suggest that Precious Dragon Technology Holdings accelerated paying its suppliers.

Precious Dragon Technology Holdings Days Payable Historical Data

The historical data trend for Precious Dragon Technology 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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Precious Dragon Technology Holdings Days Payable Chart

Precious Dragon Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.94

39.46

46.36

51.21

50.61

Precious Dragon Technology Holdings Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial									44.68	54.01	49.45	52.99	48.46

Competitive Comparison of Precious Dragon Technology Holdings's Days Payable

For the Specialty Retail subindustry, Precious Dragon Technology 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.

Precious Dragon Technology Holdings's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Precious Dragon Technology Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Precious Dragon Technology Holdings's Days Payable falls into.

Precious Dragon Technology 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.

Precious Dragon Technology 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
=	( (51.936	+	53.803)	/	2 )	/	381.317	*	365
=	52.8695					/	381.317	*	365
=	50.61

Precious Dragon Technology 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
=	( (52.859	+	53.803)	/	2 )	/	200.855	*	365 / 2
=	53.331					/	200.855	*	365 / 2
=	48.46

Precious Dragon Technology Holdings Days Payable Related Terms

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Precious Dragon Technology Holdings (HKSE:01861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Precious Dragon Technology Holdings Ltd (HKSE:01861) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 628, Jufeng North Road, Aotou Town, Conghua District, Guangdong Province, Guangzhou, CHN

Website

https://www.botny.com

Precious Dragon Technology Holdings Ltd is an investment holding company. The company operates in the segments of Automotive beauty and maintenance products; and Personal care products. The majority of its revenue comes from the Automotive segment, which includes products such as auto cleaning and maintenance products (auto interior decoration cleaning products, tire and wheel cleaning, and care products), paint and coating (chrome aerosol spray), winter and summer specials (refrigerant and cold cranking agent), and air-fresheners. The company products are in the form of both aerosol and non-aerosol products. Some of its brands are ATM, NISSEI, PARLUX, PISCIS, and ETOMAN. Its geographical segments are Mainland China, Japan, Asia, the Middle East, America, and Others.

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