Xinyi Electric Storage Holdings (HKSE:08328) Days Payable : 84.29 (As of Dec. 2023)

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What is Xinyi Electric Storage Holdings Days Payable?

Xinyi Electric Storage Holdings's average Accounts Payable for the three months ended in Dec. 2023 was HK$328 Mil. Xinyi Electric Storage Holdings's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$355 Mil. Hence, Xinyi Electric Storage Holdings's Days Payable for the three months ended in Dec. 2023 was 84.29.

The historical rank and industry rank for Xinyi Electric Storage Holdings's Days Payable or its related term are showing as below:

HKSE:08328' s Days Payable Range Over the Past 10 Years
Min: 5.48 Med: 71.21 Max: 156.26
Current: 109.65

During the past 10 years, Xinyi Electric Storage Holdings's highest Days Payable was 156.26. The lowest was 5.48. And the median was 71.21.

HKSE:08328's Days Payable is ranked better than
66.5% of 2937 companies
in the Industrial Products industry
Industry Median: 76.66 vs HKSE:08328: 109.65

Xinyi Electric Storage Holdings's Days Payable declined from Dec. 2022 (128.07) to Dec. 2023 (84.29). It may suggest that Xinyi Electric Storage Holdings accelerated paying its suppliers.

Xinyi Electric Storage Holdings Days Payable Historical Data

The historical data trend for Xinyi Electric Storage Holdings'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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Xinyi Electric Storage Holdings Days Payable Chart

Xinyi Electric Storage Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.40

60.16

156.26

156.22

123.76

Xinyi Electric Storage Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															128.07	175.62	101.15	69.72	84.29

Competitive Comparison of Xinyi Electric Storage Holdings's Days Payable

For the Electrical Equipment & Parts subindustry, Xinyi Electric Storage Holdings'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.

Xinyi Electric Storage Holdings's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Xinyi Electric Storage Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Xinyi Electric Storage Holdings's Days Payable falls into.

Xinyi Electric Storage Holdings 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.

Xinyi Electric Storage Holdings'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
=	( (483.47	+	328.007)	/	2 )	/	1196.668	*	365
=	405.7385					/	1196.668	*	365
=	123.76

Xinyi Electric Storage Holdings'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	328.007)	/	1 )	/	355.075	*	365 / 4
=	328.007					/	355.075	*	365 / 4
=	84.29

Xinyi Electric Storage Holdings Days Payable Related Terms

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Xinyi Electric Storage Holdings (HKSE:08328) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Xinyi Electric Storage Holdings Ltd (HKSE:08328) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

135 Hoi Bun Road, Unit 2116-2117, 21st Floor, Rykadan Capital Tower, Kwun Tong, Kowloon, Hong Kong, HKG

Website

https://www.xinyies.com

Xinyi Electric Storage Holdings Ltd is an investment holding company. The company's operating segment includes Electric storage business; EPC Services; Automobile glass repair and replacement services and others. It generates maximum revenue from the EPC Services segment. The EPC Services segment is engaged in the provision of EPC Services for photovoltaic power stations in the PRC and Canada. Geographically, the company generates revenue from Canada, Hong Kong, Others and The PRC, being the majority revenue generator.

Executives

Sze Tan Hung	2202 Interest of your spouse
Tung Ching Sai	2201 Interest of corporation controlled by you
Lee Yin Yee	2201 Interest of corporation controlled by you
Tung Ching Bor	2201 Interest of corporation controlled by you
Lee Sing Din	2201 Interest of corporation controlled by you
Li Ching Leung	2201 Interest of corporation controlled by you
Li Ching Wai	2201 Interest of corporation controlled by you
Ng Ngan Ho	2201 Interest of corporation controlled by you
Sze Nang Sze	2201 Interest of corporation controlled by you
Tung Hai Chi	2202 Interest of your spouse

Xinyi Electric Storage Holdings (HKSE:08328) Headlines

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