Queen's Road Capital Investment (TSX:QRC) Days Payable : 1.17 (As of Feb. 2024)

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What is Queen's Road Capital Investment Days Payable?

Queen's Road Capital Investment's average Accounts Payable for the three months ended in Feb. 2024 was C$0.01 Mil. Queen's Road Capital Investment's Cost of Goods Sold for the three months ended in Feb. 2024 was C$0.94 Mil. Hence, Queen's Road Capital Investment's Days Payable for the three months ended in Feb. 2024 was 1.17.

The historical rank and industry rank for Queen's Road Capital Investment's Days Payable or its related term are showing as below:

TSX:QRC' s Days Payable Range Over the Past 10 Years
Min: 2.9 Med: 20.3 Max: 5006.58
Current: 5.42

During the past 13 years, Queen's Road Capital Investment's highest Days Payable was 5006.58. The lowest was 2.90. And the median was 20.30.

TSX:QRC's Days Payable is ranked worse than
92.95% of 468 companies
in the Asset Management industry
Industry Median: 68.825 vs TSX:QRC: 5.42

Queen's Road Capital Investment's Days Payable declined from Feb. 2023 (29.85) to Feb. 2024 (1.17). It may suggest that Queen's Road Capital Investment accelerated paying its suppliers.

Queen's Road Capital Investment Days Payable Historical Data

The historical data trend for Queen's Road Capital Investment'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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Queen's Road Capital Investment Days Payable Chart

Queen's Road Capital Investment Annual Data

Trend

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Aug23

Days Payable

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22.35

8.49

3.57

2.90

7.11

Queen's Road Capital Investment Quarterly Data
	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23	Feb24
Days Payable	Get a 7-Day Free Trial															29.85	18.76	2.93	-	1.17

Competitive Comparison of Queen's Road Capital Investment's Days Payable

For the Asset Management subindustry, Queen's Road Capital Investment'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.

Queen's Road Capital Investment's Days Payable Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, Queen's Road Capital Investment's Days Payable distribution charts can be found below:

* The bar in red indicates where Queen's Road Capital Investment's Days Payable falls into.

Queen's Road Capital Investment 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.

Queen's Road Capital Investment's Days Payable for the fiscal year that ended in Aug. 2023 is calculated as

	Days Payable (A: Aug. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Aug. 2022 )	+	Accounts Payable (A: Aug. 2023 ))	/	count )	/	Cost of Goods Sold (A: Aug. 2023 )	*	Days in Period
=	( (0.04	+	0.053)	/	2 )	/	2.387	*	365
=	0.0465					/	2.387	*	365
=	7.11

Queen's Road Capital Investment's Days Payable for the quarter that ended in Feb. 2024 is calculated as:

	Days Payable (Q: Feb. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Nov. 2023 )	+	Accounts Payable (Q: Feb. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Feb. 2024 )	*	Days in Period
=	( (0.012	+	0.012)	/	2 )	/	0.938	*	365 / 4
=	0.012					/	0.938	*	365 / 4
=	1.17

Queen's Road Capital Investment Days Payable Related Terms

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Queen's Road Capital Investment (TSX:QRC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Queen's Road Capital Investment Ltd (TSX:QRC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BRSGF:USA 47U:Germany

Address

2 Queen’s Road Central, Suite 2006, Cheung Kong Centre, Hong Kong, HKG

Website

https://www.queensrdcapital.com

Queen's Road Capital Investment Ltd is a resource-focused investment company. It invests in privately held and publicly traded resource companies and has one operating segment, being the selection, acquisition, and management of investments. The company acquires and holds securities for long-term capital appreciation, with a focus on convertible debt securities and resource projects in development or production located in safe jurisdictions.

Executives

John James Cowin

10% Security Holder

Queen's Road Capital Investment (TSX:QRC) Headlines

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