Oriental Culture Holding (Oriental Culture Holding) Days Payable : 2,125.91 (As of Dec. 2023)

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What is Oriental Culture Holding Days Payable?

Oriental Culture Holding's average Accounts Payable for the six months ended in Dec. 2023 was $2.50 Mil. Oriental Culture Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was $0.22 Mil. Hence, Oriental Culture Holding's Days Payable for the six months ended in Dec. 2023 was 2,125.91.

The historical rank and industry rank for Oriental Culture Holding's Days Payable or its related term are showing as below:

OCG' s Days Payable Range Over the Past 10 Years
Min: 111.64 Med: 517.24 Max: 2509.6
Current: 2396.47

During the past 6 years, Oriental Culture Holding's highest Days Payable was 2509.60. The lowest was 111.64. And the median was 517.24.

OCG's Days Payable is ranked better than
99.26% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs OCG: 2396.47

Oriental Culture Holding's Days Payable increased from Dec. 2022 (0.00) to Dec. 2023 (2,125.91). It may suggest that Oriental Culture Holding delayed paying its suppliers.

Oriental Culture Holding Days Payable Historical Data

The historical data trend for Oriental Culture Holding'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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Oriental Culture Holding Days Payable Chart

Oriental Culture Holding Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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111.64

456.04

578.43

845.25

2,509.60

Oriental Culture Holding Semi-Annual Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							430.60	451.25	-	2,580.80	2,125.91

Competitive Comparison of Oriental Culture Holding's Days Payable

For the Internet Retail subindustry, Oriental Culture Holding'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.

Oriental Culture Holding's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Oriental Culture Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Oriental Culture Holding's Days Payable falls into.

Oriental Culture Holding 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.

Oriental Culture Holding'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
=	( (2.988	+	2.595)	/	2 )	/	0.406	*	365
=	2.7915					/	0.406	*	365
=	2,509.60

Oriental Culture Holding'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.414	+	2.595)	/	2 )	/	0.215	*	365 / 2
=	2.5045					/	0.215	*	365 / 2
=	2,125.91

Oriental Culture Holding Days Payable Related Terms

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Oriental Culture Holding (Oriental Culture Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Oriental Culture Holding Ltd (NAS:OCG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

198-200 Queen’s Road Central, Room 1402, Richmake Commercial Building, Hong Kong, HKG

Website

http://www.ocgroup.hk

Oriental Culture Holding Ltd is an online provider of collectibles and artwork e-commerce services. The company also offers online and offline integrated marketing, storage, and technical maintenance service to customers in China and Hong Kong. It operates through one segment namely, e-commerce of artwork trading. It generates revenue through listing service fees, transaction fees, and other revenues collected from traders.