Highest Performances Holdings (Highest Performances Holdings) Days Payable : 1,267.69 (As of Jun. 2023)

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What is Highest Performances Holdings Days Payable?

Highest Performances Holdings's average Accounts Payable for the six months ended in Jun. 2023 was $1.49 Mil. Highest Performances Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $0.21 Mil. Hence, Highest Performances Holdings's Days Payable for the six months ended in Jun. 2023 was 1,267.69.

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

HPH' s Days Payable Range Over the Past 10 Years
Min: 46.59 Med: 85.75 Max: 248.6
Current: 248.6

During the past 7 years, Highest Performances Holdings's highest Days Payable was 248.60. The lowest was 46.59. And the median was 85.75.

HPH's Days Payable is ranked better than
75.54% of 466 companies
in the Asset Management industry
Industry Median: 69.215 vs HPH: 248.60

Highest Performances Holdings's Days Payable increased from Jun. 2022 (189.46) to Jun. 2023 (1,267.69). It may suggest that Highest Performances Holdings delayed paying its suppliers.

Highest Performances Holdings Days Payable Historical Data

The historical data trend for Highest Performances 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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Highest Performances Holdings Days Payable Chart

Highest Performances Holdings Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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57.49

86.57

84.93

132.08

212.39

Highest Performances Holdings Semi-Annual Data
	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial								100.60	100.65	189.46	167.20	1,267.69

Competitive Comparison of Highest Performances Holdings's Days Payable

For the Asset Management subindustry, Highest Performances 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.

Highest Performances Holdings's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Highest Performances Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Highest Performances Holdings's Days Payable falls into.

Highest Performances 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.

Highest Performances Holdings's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.743	+	0.879)	/	2 )	/	2.253	*	365
=	1.311					/	2.253	*	365
=	212.39

Highest Performances Holdings's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (2.094	+	0.879)	/	2 )	/	0.214	*	365 / 2
=	1.4865					/	0.214	*	365 / 2
=	1,267.69

Highest Performances Holdings Days Payable Related Terms

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Highest Performances Holdings (Highest Performances Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Highest Performances Holdings Inc (NAS:HPH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 15 Zhujiang West Road, 42nd Floor, Pearl River Tower, Zhujiang New Town, Tianhe, Guangdong Province, Guangzhou, CHN

Website

https://www.puyiwm.com

Puyi Inc is the third-party wealth management services provider in China. The company provides wealth management services, corporate finance services and asset management services. It generates a majority of the revenue from wealth management services under which it distributes wealth management products both online and offline through its branch network. Products distributed online include publicly raised fund products, exchange administered products and asset management plans. Products distributed offline include privately raised fund products. In addition, the company also has a corporate finance services business, under which it provides corporate borrowers with financing solutions, including product design, identification of sources of funding, compliance and risk management.