Tian Cheng Holdings (HKSE:02110) Days Payable : 27.91 (As of Nov. 2023)

View and export this data going back to 2020. Start your Free Trial

What is Tian Cheng Holdings Days Payable?

Tian Cheng Holdings's average Accounts Payable for the six months ended in Nov. 2023 was HK$20.9 Mil. Tian Cheng Holdings's Cost of Goods Sold for the six months ended in Nov. 2023 was HK$136.6 Mil. Hence, Tian Cheng Holdings's Days Payable for the six months ended in Nov. 2023 was 27.91.

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

HKSE:02110' s Days Payable Range Over the Past 10 Years
Min: 26.18 Med: 46.75 Max: 65.12
Current: 43.65

During the past 7 years, Tian Cheng Holdings's highest Days Payable was 65.12. The lowest was 26.18. And the median was 46.75.

HKSE:02110's Days Payable is ranked worse than
76.28% of 1602 companies
in the Construction industry
Industry Median: 75.99 vs HKSE:02110: 43.65

Tian Cheng Holdings's Days Payable declined from Nov. 2022 (40.07) to Nov. 2023 (27.91). It may suggest that Tian Cheng Holdings accelerated paying its suppliers.

Tian Cheng Holdings Days Payable Historical Data

The historical data trend for Tian Cheng 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.

* Premium members only.

Tian Cheng Holdings Days Payable Chart

Tian Cheng Holdings Annual Data

Trend

May17

May18

May19

May20

May21

May22

May23

Days Payable

Get a 7-Day Free Trial

61.36

41.11

46.75

65.12

26.18

Tian Cheng Holdings Semi-Annual Data
	May17	May18	May19	Nov19	May20	Nov20	May21	Nov21	May22	Nov22	May23	Nov23
Days Payable	Get a 7-Day Free Trial							82.28	85.03	40.07	53.35	27.91

Competitive Comparison of Tian Cheng Holdings's Days Payable

For the Engineering & Construction subindustry, Tian Cheng 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.

Tian Cheng Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Tian Cheng Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Tian Cheng Holdings's Days Payable falls into.

Tian Cheng 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.

Tian Cheng Holdings's Days Payable for the fiscal year that ended in May. 2023 is calculated as

	Days Payable (A: May. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2022 )	+	Accounts Payable (A: May. 2023 ))	/	count )	/	Cost of Goods Sold (A: May. 2023 )	*	Days in Period
=	( (19.888	+	17.46)	/	2 )	/	260.362	*	365
=	18.674					/	260.362	*	365
=	26.18

Tian Cheng Holdings's Days Payable for the quarter that ended in Nov. 2023 is calculated as:

	Days Payable (Q: Nov. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: May. 2023 )	+	Accounts Payable (Q: Nov. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Nov. 2023 )	*	Days in Period
=	( (17.46	+	24.32)	/	2 )	/	136.601	*	365 / 2
=	20.89					/	136.601	*	365 / 2
=	27.91

Tian Cheng Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Tian Cheng Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Tian Cheng Holdings (HKSE:02110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Tian Cheng Holdings Ltd (HKSE:02110) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

68 Mody Road, Rooms 506-507A, Empire Centre, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.yuekanholdings.com

Tian Cheng Holdings Ltd formerly Yue Kan Holdings Ltd is a marine construction works subcontractor. The company's operating segment includes Marine construction works; Other civil engineering works and Vessel chartering services. It generates maximum revenue from the Marine construction works segment. Geographically, it derives revenue from Hong Kong.

Executives

Ouyang Chengguo	2101 Beneficial owner
Yue Hang Investment Limited	2101 Beneficial owner
Heung Che Kan	2201 Interest of corporation controlled by you
Mok Man Yee Lisa	2202 Interest of your spouse

Tian Cheng Holdings (HKSE:02110) Headlines

No Headlines