Neo-Neon Holdings (HKSE:01868) Days Payable : 41.33 (As of Dec. 2023)

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What is Neo-Neon Holdings Days Payable?

Neo-Neon Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$62.7 Mil. Neo-Neon Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$277.0 Mil. Hence, Neo-Neon Holdings's Days Payable for the six months ended in Dec. 2023 was 41.33.

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

HKSE:01868' s Days Payable Range Over the Past 10 Years
Min: 40.35 Med: 53.18 Max: 89.51
Current: 48.4

During the past 13 years, Neo-Neon Holdings's highest Days Payable was 89.51. The lowest was 40.35. And the median was 53.18.

HKSE:01868's Days Payable is ranked worse than
71.6% of 2933 companies
in the Industrial Products industry
Industry Median: 76.41 vs HKSE:01868: 48.40

Neo-Neon Holdings's Days Payable increased from Dec. 2022 (39.02) to Dec. 2023 (41.33). It may suggest that Neo-Neon Holdings delayed paying its suppliers.

Neo-Neon Holdings Days Payable Historical Data

The historical data trend for Neo-Neon 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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Neo-Neon Holdings Days Payable Chart

Neo-Neon Holdings Annual Data

Trend

Mar14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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54.64

46.40

51.72

50.65

51.16

Neo-Neon Holdings Semi-Annual Data
	Mar14	Sep14	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															43.31	73.80	39.02	54.71	41.33

Competitive Comparison of Neo-Neon Holdings's Days Payable

For the Electrical Equipment & Parts subindustry, Neo-Neon 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.

Neo-Neon Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Neo-Neon Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Neo-Neon Holdings's Days Payable falls into.

Neo-Neon 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.

Neo-Neon 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
=	( (66.097	+	68.897)	/	2 )	/	481.526	*	365
=	67.497					/	481.526	*	365
=	51.16

Neo-Neon 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
=	( (56.543	+	68.897)	/	2 )	/	276.974	*	365 / 2
=	62.72					/	276.974	*	365 / 2
=	41.33

Neo-Neon Holdings Days Payable Related Terms

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Neo-Neon Holdings (HKSE:01868) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Neo-Neon Holdings Ltd (HKSE:01868) » Definitions » Days Payable

Traded in Other Exchanges

911868:Taiwan

Address

188 Des Voeux Road Central, Unit 2101, 21st Floor, Golden Centre, Hong Kong, HKG

Website

http://www.neo-neon.com

Neo-Neon Holdings Ltd is a manufacturer and distributor of LED decorative lighting products. The company's product portfolio is divided into LED decorative lighting, Commercial lighting, Professional lighting, Professional architectural lighting, Industrial lighting, Landscape lighting, and other products. Its segments include the PRC lighting segment, which consists of research and development, manufacture of lighting products in China, and distribution of lighting products in China and overseas; and the USA lighting segment consists of the provision of lighting solutions and trading of lighting products in the USA. Its geographical segments include North America, which generates the vast majority of the company's revenue; Europe; The PRC; Asia (excluding the PRC); and Other countries.

Neo-Neon Holdings (HKSE:01868) Headlines

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