Modern Land (China) Co (HKSE:01107) Days Payable : 108.01 (As of Jun. 2023)

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What is Modern Land (China) Co Days Payable?

Modern Land (China) Co's average Accounts Payable for the six months ended in Jun. 2023 was HK$2,037 Mil. Modern Land (China) Co's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$3,442 Mil. Hence, Modern Land (China) Co's Days Payable for the six months ended in Jun. 2023 was 108.01.

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

HKSE:01107' s Days Payable Range Over the Past 10 Years
Min: 75.08 Med: 137.23 Max: 466.42
Current: 99.41

During the past 11 years, Modern Land (China) Co's highest Days Payable was 466.42. The lowest was 75.08. And the median was 137.23.

HKSE:01107's Days Payable is not ranked
in the Real Estate industry.
Industry Median: 99.725 vs HKSE:01107: 99.41

Modern Land (China) Co's Days Payable declined from Jun. 2022 (239.98) to Jun. 2023 (108.01). It may suggest that Modern Land (China) Co accelerated paying its suppliers.

Modern Land (China) Co Days Payable Historical Data

The historical data trend for Modern Land (China) Co'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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Modern Land (China) Co Days Payable Chart

Modern Land (China) Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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98.75

93.64

110.36

128.82

156.55

Modern Land (China) Co 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															138.20	275.72	239.98	89.59	108.01

Competitive Comparison of Modern Land (China) Co's Days Payable

For the Real Estate - Development subindustry, Modern Land (China) Co'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.

Modern Land (China) Co's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Modern Land (China) Co's Days Payable falls into.

Modern Land (China) Co 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.

Modern Land (China) Co'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
=	( (4363.771	+	2072.426)	/	2 )	/	7502.921	*	365
=	3218.0985					/	7502.921	*	365
=	156.55

Modern Land (China) Co'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
=	( (2072.426	+	2001.944)	/	2 )	/	3442.267	*	365 / 2
=	2037.185					/	3442.267	*	365 / 2
=	108.01

Modern Land (China) Co Days Payable Related Terms

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Modern Land (China) Co (HKSE:01107) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Modern Land (China) Co Ltd (HKSE:01107) » Definitions » Days Payable

Traded in Other Exchanges

7PJ:Germany

Address

No.1, Xiangheyuan Road, 3rd, 4th Floor, Building 10, Contemporary Wanguo City, Dongcheng District, Beijing, CHN, 100028

Website

https://www.modernland.hk

Modern Land (China) Co Ltd is an investment holding company that is engaged in the business of real estate development, Property investment, Hotel operation, Real estate agency services, and other services. The group's operations are located in the PRC and it derives key revenue from the sale of properties.

Executives

Zhang Lei	2101 Beneficial owner
Yu Jinmei	2202 Interest of your spouse
Fantastic Energy Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Yu Jinmei	2202 Interest of your spouse
Super Land Holdings Limited
China Great Wall Amc (international) Holdings Company Limited	2101 Beneficial owner
Zhong Guo Chang Cheng Zi Chan Guan Li Gu Fen You Xian Gong Si	2201 Interest of corporation controlled by you

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