Bortex Global (HKSE:08118) Days Payable : 215.16 (As of Oct. 2023)

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What is Bortex Global Days Payable?

Bortex Global's average Accounts Payable for the three months ended in Oct. 2023 was HK$3.89 Mil. Bortex Global's Cost of Goods Sold for the three months ended in Oct. 2023 was HK$1.65 Mil. Hence, Bortex Global's Days Payable for the three months ended in Oct. 2023 was 215.16.

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

HKSE:08118' s Days Payable Range Over the Past 10 Years
Min: 15.8 Med: 39.69 Max: 74.76
Current: 74.76

During the past 9 years, Bortex Global's highest Days Payable was 74.76. The lowest was 15.80. And the median was 39.69.

HKSE:08118's Days Payable is ranked better than
55.09% of 403 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.13 vs HKSE:08118: 74.76

Bortex Global's Days Payable increased from Oct. 2022 (140.74) to Oct. 2023 (215.16). It may suggest that Bortex Global delayed paying its suppliers.

Bortex Global Days Payable Historical Data

The historical data trend for Bortex Global'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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Bortex Global Days Payable Chart

Bortex Global Annual Data

Trend

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Days Payable

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39.69

29.71

15.80

28.98

64.71

Bortex Global Quarterly Data
	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23
Days Payable	Get a 7-Day Free Trial															140.74	170.23	84.69	37.61	215.16

Competitive Comparison of Bortex Global's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Bortex Global'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.

Bortex Global's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Bortex Global's Days Payable distribution charts can be found below:

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

Bortex Global 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.

Bortex Global's Days Payable for the fiscal year that ended in Apr. 2023 is calculated as

	Days Payable (A: Apr. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Apr. 2022 )	+	Accounts Payable (A: Apr. 2023 ))	/	count )	/	Cost of Goods Sold (A: Apr. 2023 )	*	Days in Period
=	( (12.456	+	8.609)	/	2 )	/	59.412	*	365
=	10.5325					/	59.412	*	365
=	64.71

Bortex Global's Days Payable for the quarter that ended in Oct. 2023 is calculated as:

	Days Payable (Q: Oct. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Oct. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Oct. 2023 )	*	Days in Period
=	( (0	+	3.893)	/	1 )	/	1.651	*	365 / 4
=	3.893					/	1.651	*	365 / 4
=	215.16

Bortex Global Days Payable Related Terms

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Bortex Global (HKSE:08118) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Bortex Global Ltd (HKSE:08118) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

58 Hung To Road, Room 29, 8th floor, Career and Kenson Industrial Mansion, Kowloon, Kwun Tong, Hong Kong, HKG

Website

http://www.bortex.com.cn

Bortex Global Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the designing, trading, and manufacturing of Light Emitting Diode(LED) lighting products. Its LEDs are bifurcated into LED decorative lighting and LED luminaire lighting, out of which the majority of the revenue is generated from the LED decorative lighting. Its geographical segments include Canada, the United States, PRC, Hong Kong, and others.

Executives

Real Charm Corp
Chung Yu Chun
Shiu Kwok Leung

Bortex Global (HKSE:08118) Headlines

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