Old Chang Kee (SGX:5ML) Days Payable : 70.86 (As of Sep. 2023)

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What is Old Chang Kee Days Payable?

Old Chang Kee's average Accounts Payable for the six months ended in Sep. 2023 was S$6.54 Mil. Old Chang Kee's Cost of Goods Sold for the six months ended in Sep. 2023 was S$16.85 Mil. Hence, Old Chang Kee's Days Payable for the six months ended in Sep. 2023 was 70.86.

The historical rank and industry rank for Old Chang Kee's Days Payable or its related term are showing as below:

SGX:5ML' s Days Payable Range Over the Past 10 Years
Min: 38.44 Med: 44.09 Max: 76
Current: 76

During the past 13 years, Old Chang Kee's highest Days Payable was 76.00. The lowest was 38.44. And the median was 44.09.

SGX:5ML's Days Payable is ranked better than
82.65% of 340 companies
in the Restaurants industry
Industry Median: 38.035 vs SGX:5ML: 76.00

Old Chang Kee's Days Payable increased from Sep. 2022 (65.68) to Sep. 2023 (70.86). It may suggest that Old Chang Kee delayed paying its suppliers.

Old Chang Kee Days Payable Historical Data

The historical data trend for Old Chang Kee'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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Old Chang Kee Days Payable Chart

Old Chang Kee Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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43.60

38.44

44.57

42.17

42.05

Old Chang Kee Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															69.81	69.66	65.68	65.04	70.86

Competitive Comparison of Old Chang Kee's Days Payable

For the Restaurants subindustry, Old Chang Kee'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.

Old Chang Kee's Days Payable Distribution in the Restaurants Industry

For the Restaurants industry and Consumer Cyclical sector, Old Chang Kee's Days Payable distribution charts can be found below:

* The bar in red indicates where Old Chang Kee's Days Payable falls into.

Old Chang Kee 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.

Old Chang Kee'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
=	( (3.26	+	4.002)	/	2 )	/	31.515	*	365
=	3.631					/	31.515	*	365
=	42.05

Old Chang Kee'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
=	( (4.002	+	9.082)	/	2 )	/	16.849	*	365 / 2
=	6.542					/	16.849	*	365 / 2
=	70.86

Old Chang Kee Days Payable Related Terms

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Old Chang Kee (SGX:5ML) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Old Chang Kee Ltd (SGX:5ML) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 Woodlands Terrace, Singapore, SGP, 738427

Website

https://www.oldchangkee.com

Old Chang Kee Ltd is engaged in the manufacturing and distribution of food products. The company's products include curry puffs, fishballs, chicken nuggets, and chicken wings. It also provides catering services in Singapore. The company's geographical segments include Singapore, Australia, and Malaysia, and derives a majority of its revenue from Singapore. The company is engaged in the manufacture and sale of food products under the Old Chang Kee brand name, Bun Times retail outlets offer Hainanese buns with a range of fillings, such as curry chicken and coconut, and the Curry Times, Take 5 and Mushroom to dine in retail outlets carry a range of local delights, such as laksa, mee siam, nasi lemak, and curry chicken.

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