Forward Fashion (International) Holdings Co (HKSE:02528) Days Payable : 79.64 (As of Dec. 2023)

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What is Forward Fashion (International) Holdings Co Days Payable?

Forward Fashion (International) Holdings Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$118 Mil. Forward Fashion (International) Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$270 Mil. Hence, Forward Fashion (International) Holdings Co's Days Payable for the six months ended in Dec. 2023 was 79.64.

The historical rank and industry rank for Forward Fashion (International) Holdings Co's Days Payable or its related term are showing as below:

HKSE:02528' s Days Payable Range Over the Past 10 Years
Min: 46.89 Med: 56.77 Max: 78.34
Current: 74.78

During the past 8 years, Forward Fashion (International) Holdings Co's highest Days Payable was 78.34. The lowest was 46.89. And the median was 56.77.

HKSE:02528's Days Payable is ranked better than
63.06% of 1080 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs HKSE:02528: 74.78

Forward Fashion (International) Holdings Co's Days Payable increased from Dec. 2022 (69.59) to Dec. 2023 (79.64). It may suggest that Forward Fashion (International) Holdings Co delayed paying its suppliers.

Forward Fashion (International) Holdings Co Days Payable Historical Data

The historical data trend for Forward Fashion (International) Holdings Co'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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Forward Fashion (International) Holdings Co Days Payable Chart

Forward Fashion (International) Holdings Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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49.38

64.56

46.89

62.86

78.34

Forward Fashion (International) Holdings Co Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								49.34	63.69	69.59	66.35	79.64

Competitive Comparison of Forward Fashion (International) Holdings Co's Days Payable

For the Apparel Retail subindustry, Forward Fashion (International) Holdings Co'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.

Forward Fashion (International) Holdings Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Forward Fashion (International) Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Forward Fashion (International) Holdings Co's Days Payable falls into.

Forward Fashion (International) Holdings Co 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.

Forward Fashion (International) Holdings Co'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
=	( (96.246	+	135.565)	/	2 )	/	539.996	*	365
=	115.9055					/	539.996	*	365
=	78.34

Forward Fashion (International) Holdings Co'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
=	( (100.076	+	135.565)	/	2 )	/	269.998	*	365 / 2
=	117.8205					/	269.998	*	365 / 2
=	79.64

Forward Fashion (International) Holdings Co Days Payable Related Terms

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Forward Fashion (International) Holdings Co (HKSE:02528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Forward Fashion (International) Holdings Co Ltd (HKSE:02528) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

The Gateway, Harbour City, Suite 1204, 12th Floor, Tower 6, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

https://www.forward-fashion.com

Forward Fashion (International) Holdings Co Ltd is engaged in the retail of fashion apparel of international brands ranging from designer label brands, and popular brands to up-and-coming brands in Greater China. Its brands include UM, UM IXOX, and IXOX. It has opened mono-brand stores in Greater China for the brands BLACK BARRETT, CK CALVIN KLEIN, Calvin Klein Jeans, Calvin Klein Performance, Calvin Klein Underwear, EA7, Ed Hardy, Hogan, Moschino, Neil Barrett, Philipp Plein, Tommy Hilfiger and Under Armour. It has a business presence in Mainland China, Macau, Hong Kong, and Other regions.

Forward Fashion (International) Holdings Co (HKSE:02528) Headlines

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