Fenbi (HKSE:02469) Days Payable : 9.06 (As of Dec. 2023)

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What is Fenbi Days Payable?

Fenbi's average Accounts Payable for the six months ended in Dec. 2023 was HK$34 Mil. Fenbi's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$683 Mil. Hence, Fenbi's Days Payable for the six months ended in Dec. 2023 was 9.06.

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

HKSE:02469' s Days Payable Range Over the Past 10 Years
Min: 6.63 Med: 23.34 Max: 44.71
Current: 7.08

During the past 5 years, Fenbi's highest Days Payable was 44.71. The lowest was 6.63. And the median was 23.34.

HKSE:02469's Days Payable is ranked worse than
84.36% of 211 companies
in the Education industry
Industry Median: 35.9 vs HKSE:02469: 7.08

Fenbi's Days Payable declined from Dec. 2022 (26.47) to Dec. 2023 (9.06). It may suggest that Fenbi accelerated paying its suppliers.

Fenbi Days Payable Historical Data

The historical data trend for Fenbi'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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Fenbi Days Payable Chart

Fenbi Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

44.71

42.71

23.34

6.72

6.63

Fenbi Semi-Annual Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			5.06	23.66	26.47	5.98	9.06

Competitive Comparison of Fenbi's Days Payable

For the Education & Training Services subindustry, Fenbi'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.

Fenbi's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Fenbi's Days Payable distribution charts can be found below:

* The bar in red indicates where Fenbi's Days Payable falls into.

Fenbi 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.

Fenbi'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
=	( (24.579	+	33.123)	/	2 )	/	1587.615	*	365
=	28.851					/	1587.615	*	365
=	6.63

Fenbi'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
=	( (34.703	+	33.123)	/	2 )	/	683.439	*	365 / 2
=	33.913					/	683.439	*	365 / 2
=	9.06

Fenbi Days Payable Related Terms

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Fenbi (HKSE:02469) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Fenbi Ltd (HKSE:02469) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuxianqiao North Road, Room 601, 1-6th Floor, Building 103, No. 10 Courtyard, Chaoyang District, Beijing, CHN

Website

https://www.fenbi.com

Fenbi Ltd operates as a non-formal vocational education and training (VET) service provider in China. The company is a career test preparation service provider in China, providing a comprehensive suite of recruitment and qualification examination tutoring courses for adult students pursuing careers in government-sponsored institutions and a number of professions and industries. It helps college graduates excel in the competitive selection process administered by governmental institutions, and help professionals obtain the relevant qualifications.

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