China Evergrande Group (China Evergrande Group) Days Payable : 1,257.54 (As of Jun. 2023)

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What is China Evergrande Group Days Payable?

China Evergrande Group's average Accounts Payable for the six months ended in Jun. 2023 was $113,909 Mil. China Evergrande Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $16,531 Mil. Hence, China Evergrande Group's Days Payable for the six months ended in Jun. 2023 was 1,257.54.

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

EGRNQ' s Days Payable Range Over the Past 10 Years
Min: 327.28 Med: 507.2 Max: 1491.23
Current: 1216.23

During the past 13 years, China Evergrande Group's highest Days Payable was 1491.23. The lowest was 327.28. And the median was 507.20.

EGRNQ's Days Payable is ranked better than
94.46% of 1570 companies
in the Real Estate industry
Industry Median: 96.765 vs EGRNQ: 1216.23

China Evergrande Group's Days Payable declined from Jun. 2022 (1,433.98) to Jun. 2023 (1,257.54). It may suggest that China Evergrande Group accelerated paying its suppliers.

China Evergrande Group Days Payable Historical Data

The historical data trend for China Evergrande 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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China Evergrande Group Days Payable Chart

China Evergrande Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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425.14

517.01

635.84

966.56

1,490.19

China Evergrande Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															831.19	1,904.47	1,433.98	1,488.18	1,257.54

Competitive Comparison of China Evergrande Group's Days Payable

For the Real Estate - Development subindustry, China Evergrande 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.

China Evergrande Group's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Evergrande Group's Days Payable distribution charts can be found below:

* The bar in red indicates where China Evergrande Group's Days Payable falls into.

China Evergrande 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.

China Evergrande 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
=	( (96432.575	+	143761.78)	/	2 )	/	29416.068	*	365
=	120097.1775					/	29416.068	*	365
=	1,490.19

China Evergrande 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
=	( (143761.78	+	84056.33)	/	2 )	/	16530.986	*	365 / 2
=	113909.055					/	16530.986	*	365 / 2
=	1,257.54

China Evergrande Group Days Payable Related Terms

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China Evergrande Group (China Evergrande Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Evergrande Group (OTCPK:EGRNQ) » Definitions » Days Payable

Traded in Other Exchanges

03333:Hong Kong EV1:Germany

Address

Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620

Website

https://www.evergrande.com

China Evergrande Group is a large real estate developer. In 2019, it was ranked in third place by sales value among developers in China. It has projects in more than 200 cities across China and property development accounts for 90% of earnings. The firm also has interests in banking, insurance, tourism, and healthcare. Evergrande was listed in Hong Kong in late 2009. The company is in the process of spinning off its real estate business into a Shenzhen-listed entity. Free float is 25%, with the company's founder Hui Ka Yan holding the remaining share.