WANG & LEE Group (WANG & LEE Group) Days Payable : 118.38 (As of Jun. 2023)

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What is WANG & LEE Group Days Payable?

WANG & LEE Group's average Accounts Payable for the six months ended in Jun. 2023 was $0.77 Mil. WANG & LEE Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $1.18 Mil. Hence, WANG & LEE Group's Days Payable for the six months ended in Jun. 2023 was 118.38.

The historical rank and industry rank for WANG & LEE Group's Days Payable or its related term are showing as below:

WLGS' s Days Payable Range Over the Past 10 Years
Min: 74.72 Med: 80.78 Max: 88.01
Current: 74.72

During the past 4 years, WANG & LEE Group's highest Days Payable was 88.01. The lowest was 74.72. And the median was 80.78.

WLGS's Days Payable is ranked better than
50.34% of 1603 companies
in the Construction industry
Industry Median: 74.1 vs WLGS: 74.72

WANG & LEE Group's Days Payable increased from Jun. 2022 (116.99) to Jun. 2023 (118.38). It may suggest that WANG & LEE Group delayed paying its suppliers.

WANG & LEE Group Days Payable Historical Data

The historical data trend for WANG & LEE Group'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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WANG & LEE Group Days Payable Chart

WANG & LEE Group Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

80.78

79.91

88.01

87.15

WANG & LEE Group Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			74.79	116.99	49.40	118.38	50.06

Competitive Comparison of WANG & LEE Group's Days Payable

For the Engineering & Construction subindustry, WANG & LEE Group'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.

WANG & LEE Group's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, WANG & LEE Group's Days Payable distribution charts can be found below:

* The bar in red indicates where WANG & LEE Group's Days Payable falls into.

WANG & LEE Group 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.

WANG & LEE Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.695	+	0.937)	/	2 )	/	3.384	*	365
=	0.816					/	3.384	*	365
=	88.01

WANG & LEE Group'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
=	( (0.937	+	0.599)	/	2 )	/	1.184	*	365 / 2
=	0.768					/	1.184	*	365 / 2
=	118.38

WANG & LEE Group Days Payable Related Terms

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WANG & LEE Group (WANG & LEE Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » WANG & LEE Group Inc (NAS:WLGS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Tai Yip Street, 5th Floor, Wing Tai Factory Building, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.wangnlee.com.hk

WANG & LEE Group Inc operates as an investment holding company. The firm conducts its primary operations through its indirectly wholly owned subsidiary WANG and LEE CONTRACTING LIMITED (WLHK). WLHK provides contract engineering, installation, and out-fitting of the following products and services: low voltage (220v/phase 1 or 380v/phase 3) electrical systems, mechanical ventilation and air-conditioning systems (MVAC), fire safety systems, and water supply and sewage disposal systems.

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