Finet Group (HKSE:08317) Days Payable : 466.20 (As of Sep. 2023)

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What is Finet Group Days Payable?

Finet Group's average Accounts Payable for the three months ended in Sep. 2023 was HK$0.84 Mil. Finet Group's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$0.17 Mil. Hence, Finet Group's Days Payable for the three months ended in Sep. 2023 was 466.20.

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

HKSE:08317' s Days Payable Range Over the Past 10 Years
Min: 31.43 Med: 120.1 Max: 360.6
Current: 262.13

During the past 13 years, Finet Group's highest Days Payable was 360.60. The lowest was 31.43. And the median was 120.10.

HKSE:08317's Days Payable is ranked better than
90.69% of 924 companies
in the Business Services industry
Industry Median: 47.74 vs HKSE:08317: 262.13

Finet Group's Days Payable increased from Sep. 2022 (41.77) to Sep. 2023 (466.20). It may suggest that Finet Group delayed paying its suppliers.

Finet Group Days Payable Historical Data

The historical data trend for Finet Group'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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Finet Group Days Payable Chart

Finet Group Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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31.43

104.19

262.24

318.30

Finet Group Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															41.77	63.36	-	127.61	466.20

Competitive Comparison of Finet Group's Days Payable

For the Specialty Business Services subindustry, Finet Group'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.

Finet Group's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Finet Group's Days Payable distribution charts can be found below:

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

Finet Group 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.

Finet Group's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.238	+	0.186)	/	2 )	/	0	*	365
=	0.212					/	0	*	365
=	N/A

Finet Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	0.843)	/	1 )	/	0.165	*	365 / 4
=	0.843					/	0.165	*	365 / 4
=	466.20

Finet Group Days Payable Related Terms

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Finet Group (HKSE:08317) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Finet Group Ltd (HKSE:08317) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

77-79 Gloucester Road, 30th Floor, Fortis Tower, Wanchai, Hong Kong, HKG

Website

http://ir.finet.hk/en

Finet Group Ltd is an investment holding company. The company has four business segments namely Financial Information, Advertising and Investor Relationship Service Business; Securities and Futures Business; Money Lending Business; and Property Investment Business. The Financial Information, Advertising and Investor Relationship Service Business segment involves in the development, production, and provision of financial information services and technology solutions to investors, corporate and retail clients. The Securities and Futures segment specializes in the provision of online securities and futures trading. The Money Lending Business segment engages in lending. The Property Investment segment involves in the real estate business.

Executives

Lo Yuk Yee	2101 Beneficial owner
Maxx Capital International Limited	2101 Beneficial owner
Pablos International Limited	2201 Interest of corporation controlled by you
Broadgain International Limited	2101 Beneficial owner
Lo Yuk Yee
Wang Yuan	2101 Beneficial owner

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