HG Semiconductor (HKSE:06908) Days Payable : 85.73 (As of Dec. 2023)

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What is HG Semiconductor Days Payable?

HG Semiconductor's average Accounts Payable for the six months ended in Dec. 2023 was HK$19.11 Mil. HG Semiconductor's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$40.69 Mil. Hence, HG Semiconductor's Days Payable for the six months ended in Dec. 2023 was 85.73.

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

HKSE:06908' s Days Payable Range Over the Past 10 Years
Min: 60.51 Med: 89.69 Max: 125.28
Current: 89.2

During the past 10 years, HG Semiconductor's highest Days Payable was 125.28. The lowest was 60.51. And the median was 89.69.

HKSE:06908's Days Payable is ranked better than
57.25% of 2924 companies
in the Industrial Products industry
Industry Median: 76.835 vs HKSE:06908: 89.20

HG Semiconductor's Days Payable declined from Dec. 2022 (123.47) to Dec. 2023 (85.73). It may suggest that HG Semiconductor accelerated paying its suppliers.

HG Semiconductor Days Payable Historical Data

The historical data trend for HG Semiconductor'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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HG Semiconductor Days Payable Chart

HG Semiconductor Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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86.51

125.28

73.83

112.19

79.25

HG Semiconductor Semi-Annual Data
	Dec14	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													72.82	111.93	123.47	101.50	85.73

Competitive Comparison of HG Semiconductor's Days Payable

For the Electrical Equipment & Parts subindustry, HG Semiconductor'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.

HG Semiconductor's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, HG Semiconductor's Days Payable distribution charts can be found below:

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

HG Semiconductor 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.

HG Semiconductor'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
=	( (25.977	+	12.051)	/	2 )	/	87.577	*	365
=	19.014					/	87.577	*	365
=	79.25

HG Semiconductor'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
=	( (26.177	+	12.051)	/	2 )	/	40.691	*	365 / 2
=	19.114					/	40.691	*	365 / 2
=	85.73

HG Semiconductor Days Payable Related Terms

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HG Semiconductor (HKSE:06908) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » HG Semiconductor Ltd (HKSE:06908) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 8 Pinggong Er Road, 2nd Floor and North side, Nanping Technology Industrial Park, Zhuhai, CHN

Website

https://www.hg-semiconductor.com

HG Semiconductor Ltd is an investment holding company. It is engaged in the design, development, manufacturing, subcontracting, and sales of semiconductor products, which include light-emitting diode (LED) beads, next-generation semiconductor gallium nitride (GaN) chips, GaN devices, and their related applications, as well as fast charging products in China. The sales of LED beads generate maximum revenue for the company.

Executives

Zhan Haisu	2201 Interest of corporation controlled by you
Jovial Star International Limited	2101 Beneficial owner
Zhuang Chan Ling	2202 Interest of your spouse
First Global Limited	2101 Beneficial owner
Zhao Yi Wen	2201 Interest of corporation controlled by you
Qin Xiaolu	2101 Beneficial owner
Profit Act Limited	2101 Beneficial owner
Profit Times International Limited	2201 Interest of corporation controlled by you
Zhu Gongshan	2201 Interest of corporation controlled by you
Chiu Kwok Hung Justin	2101 Beneficial owner
Bigfair Enterprises Limited	2101 Beneficial owner
Chiu Kwai San	2201 Interest of corporation controlled by you
Wong Ching Ming	2202 Interest of your spouse
Qin Anqi	2201 Interest of corporation controlled by you
Wide Yield Investment Holding Limited	2101 Beneficial owner

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