Hang Lung Group (Hang Lung Group) Days Payable : 919.88 (As of Dec. 2023)

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What is Hang Lung Group Days Payable?

Hang Lung Group's average Accounts Payable for the six months ended in Dec. 2023 was $1,030 Mil. Hang Lung Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $204 Mil. Hence, Hang Lung Group's Days Payable for the six months ended in Dec. 2023 was 919.88.

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

HNLGY' s Days Payable Range Over the Past 10 Years
Min: 458.12 Med: 737.09 Max: 963.47
Current: 884.06

During the past 13 years, Hang Lung Group's highest Days Payable was 963.47. The lowest was 458.12. And the median was 737.09.

HNLGY's Days Payable is ranked better than
92.62% of 1571 companies
in the Real Estate industry
Industry Median: 96.91 vs HNLGY: 884.06

Hang Lung Group's Days Payable increased from Dec. 2022 (909.38) to Dec. 2023 (919.88). It may suggest that Hang Lung Group delayed paying its suppliers.

Hang Lung Group Days Payable Historical Data

The historical data trend for Hang Lung 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.

* Premium members only.

Hang Lung Group Days Payable Chart

Hang Lung Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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703.51

960.68

910.94

774.02

771.31

Hang Lung Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															934.84	930.59	909.38	964.32	919.88

Competitive Comparison of Hang Lung Group's Days Payable

For the Real Estate Services subindustry, Hang Lung 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.

Hang Lung Group's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Hang Lung Group's Days Payable falls into.

Hang Lung 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.

Hang Lung Group'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
=	( (811.005	+	859.561)	/	2 )	/	395.273	*	365
=	835.283					/	395.273	*	365
=	771.31

Hang Lung Group'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
=	( (1200.562	+	859.561)	/	2 )	/	204.359	*	365 / 2
=	1030.0615					/	204.359	*	365 / 2
=	919.88

Hang Lung Group Days Payable Related Terms

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Hang Lung Group (Hang Lung Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hang Lung Group Ltd (OTCPK:HNLGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

HNLGF:USA 00010:Hong Kong

Address

4 Des Voeux Road Central, 28th Floor, Standard Chartered Bank Building, Hong Kong, HKG

Website

https://www.hanglunggroup.com

Hang Lung Group Ltd is an investment holding company engaged in the property leasing business. The Company operates its business through two segments. The Property Leasing segment engages in the property leasing operation. The Company's investment properties portfolio consists of retail, office, residential, serviced apartments, and car parks, located in mainland China and Hong Kong, and the Property Sales segment engages in the development and sale of trading properties in mainland China and Hong Kong. It derives a majority of its revenue from the property leasing segment.

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