Chuanglian Holdings (Chuanglian Holdings) Days Payable : 8.88 (As of Jun. 2023)

View and export this data going back to . Start your Free Trial

What is Chuanglian Holdings Days Payable?

Chuanglian Holdings's average Accounts Payable for the six months ended in Jun. 2023 was $1.05 Mil. Chuanglian Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was $21.57 Mil. Hence, Chuanglian Holdings's Days Payable for the six months ended in Jun. 2023 was 8.88.

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

COCGF' s Days Payable Range Over the Past 10 Years
Min: 6.37 Med: 31.71 Max: 53.36
Current: 8.06

During the past 13 years, Chuanglian Holdings's highest Days Payable was 53.36. The lowest was 6.37. And the median was 31.71.

COCGF's Days Payable is ranked worse than
82.16% of 213 companies
in the Education industry
Industry Median: 37.29 vs COCGF: 8.06

Chuanglian Holdings's Days Payable declined from Jun. 2022 (24.34) to Jun. 2023 (8.88). It may suggest that Chuanglian Holdings accelerated paying its suppliers.

Chuanglian Holdings Days Payable Historical Data

The historical data trend for Chuanglian 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.

* Premium members only.

Chuanglian Holdings Days Payable Chart

Chuanglian Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

40.28

53.09

37.37

19.96

8.24

Chuanglian Holdings 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															14.14	24.34	10.23	8.88	7.41

Competitive Comparison of Chuanglian Holdings's Days Payable

For the Education & Training Services subindustry, Chuanglian 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.

Chuanglian Holdings's Days Payable Distribution in the Education Industry

For the Education industry and Consumer Defensive sector, Chuanglian Holdings's Days Payable distribution charts can be found below:

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

Chuanglian 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.

Chuanglian Holdings'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
=	( (1.801	+	0.919)	/	2 )	/	24.875	*	365
=	1.36					/	24.875	*	365
=	19.96

Chuanglian Holdings'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
=	( (0.919	+	1.18)	/	2 )	/	21.568	*	365 / 2
=	1.0495					/	21.568	*	365 / 2
=	8.88

Chuanglian Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of Chuanglian Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Chuanglian Holdings (Chuanglian Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Education » Chuanglian Holdings Ltd (OTCPK:COCGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

02371:Hong Kong

Address

6-8 Harbour Road, Rooms 2009-18, 20th floor, Shui On Centre, Wanchai, Hong Kong, HKG

Website

https://www.chinahrt.com

Chuanglian Holdings Ltd, formerly China Chuanglian Education Financial Group Ltd engages in investment holding and securities trading. The operating segments of the company are Financial Services, Educational consultancy and online training and education, and Securities trading. It generates maximum revenue from Educational consultancy and online training and education segment. The company has its business presence in China and Hong Kong where China stands as the highest revenue generator.

Chuanglian Holdings (Chuanglian Holdings) Headlines

No Headlines