Tai Cheung Holdings (Tai Cheung Holdings) Days Payable : 13.48 (As of Sep. 2023)

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What is Tai Cheung Holdings Days Payable?

Tai Cheung Holdings's average Accounts Payable for the six months ended in Sep. 2023 was $0.72 Mil. Tai Cheung Holdings's Cost of Goods Sold for the six months ended in Sep. 2023 was $9.68 Mil. Hence, Tai Cheung Holdings's Days Payable for the six months ended in Sep. 2023 was 13.48.

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

TAICY' s Days Payable Range Over the Past 10 Years
Min: 4.47 Med: 11.9 Max: 52.14
Current: 22.9

During the past 13 years, Tai Cheung Holdings's highest Days Payable was 52.14. The lowest was 4.47. And the median was 11.90.

TAICY's Days Payable is ranked worse than
85.08% of 1575 companies
in the Real Estate industry
Industry Median: 96.91 vs TAICY: 22.90

Tai Cheung Holdings's Days Payable declined from Sep. 2022 (115.63) to Sep. 2023 (13.48). It may suggest that Tai Cheung Holdings accelerated paying its suppliers.

Tai Cheung Holdings Days Payable Historical Data

The historical data trend for Tai Cheung 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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Tai Cheung Holdings Days Payable Chart

Tai Cheung Holdings Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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11.38

19.08

7.76

17.43

39.65

Tai Cheung Holdings Semi-Annual Data
	Mar14	Sep14	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial															25.05	59.06	115.63	29.09	13.48

Competitive Comparison of Tai Cheung Holdings's Days Payable

For the Real Estate - Development subindustry, Tai Cheung 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.

Tai Cheung Holdings's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Tai Cheung Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where Tai Cheung Holdings's Days Payable falls into.

Tai Cheung 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.

Tai Cheung Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.304	+	0.293)	/	2 )	/	7.351	*	365
=	0.7985					/	7.351	*	365
=	39.65

Tai Cheung Holdings's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0.293	+	1.137)	/	2 )	/	9.683	*	365 / 2
=	0.715					/	9.683	*	365 / 2
=	13.48

Tai Cheung Holdings Days Payable Related Terms

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Tai Cheung Holdings (Tai Cheung Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Tai Cheung Holdings Ltd (OTCPK:TAICY) » Definitions » Days Payable

Traded in Other Exchanges

00088:Hong Kong

Address

3A Chater Road, Central, 20th Floor, The Hong Kong Club Building, Hong Kong, HKG

Website

http://www.taicheung.com

Tai Cheung Holdings Ltd is a Hong Kong-based company engaged in property investment and development, investment holding, and property management. The company's property portfolio includes office towers as well as industrial and residential buildings. In addition, the group has a hotel operation arm through its interest in Sheraton Hong Kong Hotel & Towers, a 5-star hotel located in Tsim Sha Tsui, Kowloon. The company divides its business activities into property development and leasing, property management, hotel operation, and investment holding. Tai Cheung generates the majority of its income from property sales.

Tai Cheung Holdings (Tai Cheung Holdings) Headlines

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