Grand Brilliance Group Holdings (HKSE:08372) Days Payable : 48.73 (As of Sep. 2023)

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What is Grand Brilliance Group Holdings Days Payable?

Grand Brilliance Group Holdings's average Accounts Payable for the three months ended in Sep. 2023 was HK$5.63 Mil. Grand Brilliance Group Holdings's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$10.55 Mil. Hence, Grand Brilliance Group Holdings's Days Payable for the three months ended in Sep. 2023 was 48.73.

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

HKSE:08372' s Days Payable Range Over the Past 10 Years
Min: 48.51 Med: 72.17 Max: 156.94
Current: 51.88

During the past 8 years, Grand Brilliance Group Holdings's highest Days Payable was 156.94. The lowest was 48.51. And the median was 72.17.

HKSE:08372's Days Payable is ranked worse than
73.68% of 95 companies
in the Medical Distribution industry
Industry Median: 73.55 vs HKSE:08372: 51.88

Grand Brilliance Group Holdings's Days Payable declined from Sep. 2022 (74.23) to Sep. 2023 (48.73). It may suggest that Grand Brilliance Group Holdings accelerated paying its suppliers.

Grand Brilliance Group Holdings Days Payable Historical Data

The historical data trend for Grand Brilliance Group 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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Grand Brilliance Group Holdings Days Payable Chart

Grand Brilliance Group Holdings Annual Data

Trend

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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73.40

70.94

65.61

80.10

64.17

Grand Brilliance Group Holdings 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															74.23	71.29	41.49	52.22	48.73

Competitive Comparison of Grand Brilliance Group Holdings's Days Payable

For the Medical Distribution subindustry, Grand Brilliance Group 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.

Grand Brilliance Group Holdings's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Grand Brilliance Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Grand Brilliance Group Holdings's Days Payable falls into.

Grand Brilliance Group 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.

Grand Brilliance Group Holdings'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
=	( (7.107	+	5.969)	/	2 )	/	37.189	*	365
=	6.538					/	37.189	*	365
=	64.17

Grand Brilliance Group Holdings'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	+	5.634)	/	1 )	/	10.55	*	365 / 4
=	5.634					/	10.55	*	365 / 4
=	48.73

Grand Brilliance Group Holdings Days Payable Related Terms

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Grand Brilliance Group Holdings (HKSE:08372) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Grand Brilliance Group Holdings Ltd (HKSE:08372) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

6 Sha Tsui Road, The Octagon, Units 2901-2903 and 2905, 29th Floor, New Territories, Tsuen Wan, Hong Kong, HKG

Website

http://www.grandbrilliancegroup.com

Grand Brilliance Group Holdings Ltd is an investment holding. The company is engaged in the business of medical device distribution. The company also provides one-stop medical device solutions, including market trend analysis, sourcing of medical devices, after-sale services, technical support, and training services, medical device leasing services, and quality assurance. Geographically, the company derives revenue from Hong Kong. The company serves private hospitals, public hospitals, private clinics, non-profit organizations, universities, and individual end-users in Hong Kong.

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