Advancecon Holdings Bhd (XKLS:5281) Days Payable : 81.54 (As of Dec. 2023)

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What is Advancecon Holdings Bhd Days Payable?

Advancecon Holdings Bhd's average Accounts Payable for the three months ended in Dec. 2023 was RM107.9 Mil. Advancecon Holdings Bhd's Cost of Goods Sold for the three months ended in Dec. 2023 was RM120.8 Mil. Hence, Advancecon Holdings Bhd's Days Payable for the three months ended in Dec. 2023 was 81.54.

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

XKLS:5281' s Days Payable Range Over the Past 10 Years
Min: 69.13 Med: 76.91 Max: 87.79
Current: 82.29

During the past 8 years, Advancecon Holdings Bhd's highest Days Payable was 87.79. The lowest was 69.13. And the median was 76.91.

XKLS:5281's Days Payable is ranked better than
54.3% of 1604 companies
in the Construction industry
Industry Median: 74.965 vs XKLS:5281: 82.29

Advancecon Holdings Bhd's Days Payable declined from Dec. 2022 (85.09) to Dec. 2023 (81.54). It may suggest that Advancecon Holdings Bhd accelerated paying its suppliers.

Advancecon Holdings Bhd Days Payable Historical Data

The historical data trend for Advancecon Holdings Bhd'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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Advancecon Holdings Bhd Days Payable Chart

Advancecon Holdings Bhd Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.13

84.13

83.15

69.48

80.22

Advancecon Holdings Bhd Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															85.09	80.40	80.79	88.31	81.54

Competitive Comparison of Advancecon Holdings Bhd's Days Payable

For the Engineering & Construction subindustry, Advancecon Holdings Bhd'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.

Advancecon Holdings Bhd's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Advancecon Holdings Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Advancecon Holdings Bhd's Days Payable falls into.

Advancecon Holdings Bhd 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.

Advancecon Holdings Bhd'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
=	( (97.984	+	99.56)	/	2 )	/	449.397	*	365
=	98.772					/	449.397	*	365
=	80.22

Advancecon Holdings Bhd'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (116.328	+	99.56)	/	2 )	/	120.801	*	365 / 4
=	107.944					/	120.801	*	365 / 4
=	81.54

Advancecon Holdings Bhd Days Payable Related Terms

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Advancecon Holdings Bhd (XKLS:5281) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Advancecon Holdings Bhd (XKLS:5281) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16, 18 & 20, Jalan Pekaka 8/3, Seksyen 8, Kota Damansara, Petaling Jaya, SGR, MYS, 47810

Website

https://www.advancecon.com.my

Advancecon Holdings Bhd is a construction company. It is involved in the provision of earthworks and civil engineering services, which is a sub-sector of the construction industry in Malaysia. The group's wide range of earthworks services encompasses site clearing, excavation and fill, soil investigation, rock blasting works and embankment construction. The company has following reportable segments: Construction and Support Services and Property Investments, Green Energy and Quarry Operations, Centralised Labour Quarter. It derives majority of its revenue from Construction and Support Services segment. Further, it is also involved in the New Energy division, which focuses on development and/or operation of power generation from renewable energy, solar and other renewable energy projects.

Advancecon Holdings Bhd (XKLS:5281) Headlines

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