Chi Kan Holdings (HKSE:09913) Days Payable : 39.49 (As of Sep. 2023)

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What is Chi Kan Holdings Days Payable?

Chi Kan Holdings's average Accounts Payable for the six months ended in Sep. 2023 was HK$134 Mil. Chi Kan Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$618 Mil. Hence, Chi Kan Holdings's Days Payable for the six months ended in Sep. 2023 was 39.49.

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

HKSE:09913' s Days Payable Range Over the Past 10 Years
Min: 7.97 Med: 19.5 Max: 37.95
Current: 31.32

During the past 6 years, Chi Kan Holdings's highest Days Payable was 37.95. The lowest was 7.97. And the median was 19.50.

HKSE:09913's Days Payable is ranked worse than
87.8% of 1606 companies
in the Construction industry
Industry Median: 73.785 vs HKSE:09913: 31.32

Chi Kan Holdings's Days Payable increased from Sep. 2022 (27.07) to Sep. 2023 (39.49). It may suggest that Chi Kan Holdings delayed paying its suppliers.

Chi Kan Holdings Days Payable Historical Data

The historical data trend for Chi Kan 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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Chi Kan Holdings Days Payable Chart

Chi Kan Holdings Annual Data

Trend

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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10.08

12.96

26.04

26.44

37.95

Chi Kan Holdings Semi-Annual Data
	Mar18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial						21.14	31.57	27.07	32.41	39.49

Competitive Comparison of Chi Kan Holdings's Days Payable

For the Engineering & Construction subindustry, Chi Kan 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.

Chi Kan Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chi Kan Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Chi Kan Holdings's Days Payable falls into.

Chi Kan 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.

Chi Kan 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
=	( (110.204	+	181.406)	/	2 )	/	1402.403	*	365
=	145.805					/	1402.403	*	365
=	37.95

Chi Kan 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: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (181.406	+	85.947)	/	2 )	/	617.699	*	365 / 2
=	133.6765					/	617.699	*	365 / 2
=	39.49

Chi Kan Holdings Days Payable Related Terms

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Chi Kan Holdings (HKSE:09913) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chi Kan Holdings Ltd (HKSE:09913) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 650 Cheung Sha Wan Road, Rooms 1008 and 1009, 10th Floor, China Shipbuilding Tower, Kowloon, Hong Kong, HKG

Website

http://www.chikanck.com

Chi Kan Holdings Ltd is a formwork contractor, mainly engaged in the provision of formwork services. The Company is principally engaged in the business of providing formwork services and other construction services in Hong Kong. The company's services include conventional formwork which is built on-site by mainly using timber and plywood; and prefabricated formwork which is built out of prefabricated modules by mainly using aluminium and steel. It also provides other construction services, including plastering, installing curtain walls and other miscellaneous works on an ancillary basis. It derives all its revenue from Hong Kong.

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