Yangtzekiang Garment (HKSE:00294) Days Payable : 34.75 (As of Mar. 2024)

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What is Yangtzekiang Garment Days Payable?

Yangtzekiang Garment's average Accounts Payable for the six months ended in Mar. 2024 was HK$21.3 Mil. Yangtzekiang Garment's Cost of Goods Sold for the six months ended in Mar. 2024 was HK$111.7 Mil. Hence, Yangtzekiang Garment's Days Payable for the six months ended in Mar. 2024 was 34.75.

The historical rank and industry rank for Yangtzekiang Garment's Days Payable or its related term are showing as below:

HKSE:00294' s Days Payable Range Over the Past 10 Years
Min: 25.38 Med: 30.72 Max: 58.19
Current: 36.99

During the past 13 years, Yangtzekiang Garment's highest Days Payable was 58.19. The lowest was 25.38. And the median was 30.72.

HKSE:00294's Days Payable is ranked worse than
66.05% of 1019 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.94 vs HKSE:00294: 36.99

Yangtzekiang Garment's Days Payable declined from Mar. 2023 (35.47) to Mar. 2024 (34.75). It may suggest that Yangtzekiang Garment accelerated paying its suppliers.

Yangtzekiang Garment Days Payable Historical Data

The historical data trend for Yangtzekiang Garment'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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Yangtzekiang Garment Days Payable Chart

Yangtzekiang Garment Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

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28.80

32.64

26.03

25.38

28.24

Yangtzekiang Garment Semi-Annual Data
	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24
Days Payable	Get a 7-Day Free Trial															30.56	35.77	35.47	50.84	34.75

Competitive Comparison of Yangtzekiang Garment's Days Payable

For the Apparel Manufacturing subindustry, Yangtzekiang Garment'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.

Yangtzekiang Garment's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Yangtzekiang Garment's Days Payable distribution charts can be found below:

* The bar in red indicates where Yangtzekiang Garment's Days Payable falls into.

Yangtzekiang Garment 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.

Yangtzekiang Garment's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (15.179	+	14.195)	/	2 )	/	189.849	*	365
=	14.687					/	189.849	*	365
=	28.24

Yangtzekiang Garment's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (28.349	+	14.195)	/	2 )	/	111.729	*	365 / 2
=	21.272					/	111.729	*	365 / 2
=	34.75

Yangtzekiang Garment Days Payable Related Terms

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Yangtzekiang Garment Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Yangtzekiang Garment Ltd (HKSE:00294) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Tai Yau Street, San Po Kong, Kowloon, Hong Kong, HKG

Website

https://www.ygm.com.hk

Yangtzekiang Garment Ltd is a Hong Kong-based company principally engaged in garment and property businesses. The company operates through three segments. Manufacture and sale of garments and textiles segment which generates revenue. This segment also covers the provision of garment processing services. Interests in the joint ventures segment are engaged in the manufacture and sales of textile yarn products through its joint ventures. The property leasing segment is engaged in the leasing of commercial and industrial properties. It generates the majority of its revenue from the European region.

Executives

Chan Wing Sun	2101 Beneficial owner
Chan Wing Fui Peter	2101 Beneficial owner

Yangtzekiang Garment Headlines

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