Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Days Payable : 16.88 (As of Dec. 2023)

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What is Neo-Concept International Group Holdings Days Payable?

Neo-Concept International Group Holdings's average Accounts Payable for the six months ended in Dec. 2023 was $0.87 Mil. Neo-Concept International Group Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was $9.40 Mil. Hence, Neo-Concept International Group Holdings's Days Payable for the six months ended in Dec. 2023 was 16.88.

The historical rank and industry rank for Neo-Concept International Group Holdings's Days Payable or its related term are showing as below:

NCI' s Days Payable Range Over the Past 10 Years
Min: 27.45 Med: 84.03 Max: 114.8
Current: 105.8

During the past 4 years, Neo-Concept International Group Holdings's highest Days Payable was 114.80. The lowest was 27.45. And the median was 84.03.

NCI's Days Payable is ranked better than
78.75% of 1021 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 57.25 vs NCI: 105.80

Neo-Concept International Group Holdings's Days Payable declined from Dec. 2022 (75.00) to Dec. 2023 (16.88). It may suggest that Neo-Concept International Group Holdings accelerated paying its suppliers.

Neo-Concept International Group Holdings Days Payable Historical Data

The historical data trend for Neo-Concept International Group Holdings'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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Neo-Concept International Group Holdings Days Payable Chart

Neo-Concept International Group Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

111.39

114.80

56.67

27.45

Neo-Concept International Group Holdings Semi-Annual Data
	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			102.17	103.21	75.00	24.01	16.88

Competitive Comparison of Neo-Concept International Group Holdings's Days Payable

For the Apparel Manufacturing subindustry, Neo-Concept International Group Holdings'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.

Neo-Concept International Group Holdings's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Neo-Concept International Group Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Neo-Concept International Group Holdings's Days Payable falls into.

Neo-Concept International Group Holdings 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.

Neo-Concept International Group Holdings'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
=	( (1.34	+	0)	/	1 )	/	17.818	*	365
=	1.34					/	17.818	*	365
=	27.45

Neo-Concept International Group Holdings'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.869	+	0)	/	1 )	/	9.398	*	365 / 2
=	0.869					/	9.398	*	365 / 2
=	16.88

Neo-Concept International Group Holdings Days Payable Related Terms

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Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Neo-Concept International Group Holdings Ltd (NAS:NCI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10th floor, Seaview Centre, No.139-141 Hoi Bun Road, Kwun Tong, Kowloon, HKG

Website

https://www.neo-ig.com

Neo-Concept International Group Holdings Ltd is a company whose a one-stop apparel solution services provider. They offer a full suite of services in the apparel supply chain, including market trend analysis, product design and development, raw material sourcing, production and quality control, and logistics management serving customers located in the European, and North American markets through Neo-Concept HK.

Neo-Concept International Group Holdings (Neo-Concept International Group Holdings) Headlines

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