China Resources Land (China Resources Land) Days Payable : 111.20 (As of Dec. 2023)

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What is China Resources Land Days Payable?

China Resources Land's average Accounts Payable for the six months ended in Dec. 2023 was $11,412 Mil. China Resources Land's Cost of Goods Sold for the six months ended in Dec. 2023 was $18,729 Mil. Hence, China Resources Land's Days Payable for the six months ended in Dec. 2023 was 111.20.

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

CRBJF' s Days Payable Range Over the Past 10 Years
Min: 171.65 Med: 232.78 Max: 352.19
Current: 171.65

During the past 13 years, China Resources Land's highest Days Payable was 352.19. The lowest was 171.65. And the median was 232.78.

CRBJF's Days Payable is ranked better than
66.75% of 1579 companies
in the Real Estate industry
Industry Median: 97.02 vs CRBJF: 171.65

China Resources Land's Days Payable declined from Dec. 2022 (175.62) to Dec. 2023 (111.20). It may suggest that China Resources Land accelerated paying its suppliers.

China Resources Land Days Payable Historical Data

The historical data trend for China Resources Land'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.

China Resources Land Days Payable Chart

China Resources Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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319.96

225.53

208.09

239.16

181.13

China Resources Land 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															155.15	315.75	175.62	305.43	111.20

Competitive Comparison of China Resources Land's Days Payable

For the Real Estate - Development subindustry, China Resources Land'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 Resources Land's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where China Resources Land's Days Payable falls into.

China Resources Land 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 Resources Land'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
=	( (14330.632	+	11798.469)	/	2 )	/	26326.32	*	365
=	13064.5505					/	26326.32	*	365
=	181.13

China Resources Land'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
=	( (11024.697	+	11798.469)	/	2 )	/	18728.598	*	365 / 2
=	11411.583					/	18728.598	*	365 / 2
=	111.20

China Resources Land Days Payable Related Terms

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China Resources Land (China Resources Land) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Resources Land Ltd (OTCPK:CRBJF) » Definitions » Days Payable

Traded in Other Exchanges

CRBJY:USA 01109:Hong Kong CHZ:Germany

Address

26 Harbour Road, 46th Floor, China Resources Building, Wanchai, Hong Kong, HKG

Website

https://www.crland.com.hk

China Resources Land, or CR Land, is a leading real estate developer with nationwide coverage in China. Aside from the core development business, CR Land differentiates itself from peers with a significant investment property portfolio with luxury focused MixC malls, and it holds a 73.7% stake in listed property management company China Resources Mixc Lifestyle Services. CR Land is a subsidiary of China Resources Holdings, or CR Holdings, a sizable state-owned conglomerate with a diverse presence in the utilities, consumer goods, medical, and property sectors. CR Holdings holds about a 60% stake in CR Land.

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