Times Universal Group Holdings (HKSE:02310) Days Payable : 13.12 (As of Jun. 2023)

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What is Times Universal Group Holdings Days Payable?

Times Universal Group Holdings's average Accounts Payable for the six months ended in Jun. 2023 was HK$2.5 Mil. Times Universal Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$35.1 Mil. Hence, Times Universal Group Holdings's Days Payable for the six months ended in Jun. 2023 was 13.12.

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

HKSE:02310' s Days Payable Range Over the Past 10 Years
Min: 4.26 Med: 33.32 Max: 998.13
Current: 10.89

During the past 13 years, Times Universal Group Holdings's highest Days Payable was 998.13. The lowest was 4.26. And the median was 33.32.

HKSE:02310's Days Payable is ranked worse than
92.61% of 1570 companies
in the Real Estate industry
Industry Median: 97.275 vs HKSE:02310: 10.89

Times Universal Group Holdings's Days Payable increased from Jun. 2022 (2.99) to Jun. 2023 (13.12). It may suggest that Times Universal Group Holdings delayed paying its suppliers.

Times Universal Group Holdings Days Payable Historical Data

The historical data trend for Times Universal Group 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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Times Universal Group Holdings Days Payable Chart

Times Universal Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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7.85

6.88

4.26

6.76

8.40

Times Universal Group 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															3.02	2.99	4.70	13.12	11.28

Competitive Comparison of Times Universal Group Holdings's Days Payable

For the Real Estate Services subindustry, Times Universal Group 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.

Times Universal Group Holdings's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Times Universal Group Holdings's Days Payable falls into.

Times Universal Group 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.

Times Universal Group 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
=	( (0.953	+	1.742)	/	2 )	/	72.801	*	365
=	1.3475					/	72.801	*	365
=	6.76

Times Universal Group 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
=	( (1.742	+	3.306)	/	2 )	/	35.103	*	365 / 2
=	2.524					/	35.103	*	365 / 2
=	13.12

Times Universal Group Holdings Days Payable Related Terms

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Times Universal Group Holdings (HKSE:02310) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Times Universal Group Holdings Ltd (HKSE:02310) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

78 Bonham Strand, Room 3002, 30th Floor, Workington Tower, Sheung Wan, Hong Kong, HKG

Website

https://www.timesuniversal.com

Times Universal Group Holdings Ltd, formerly Forebase International Holdings Ltd, is an investment holding company principally engaged in the operation of hotels and the provision of property management services. The company operates its business through two segments. The Hotel Operation segment is engaged in the operation of a resort in Canada. The Properties Management segment is engaged in properties management in the People's Republic of China (PRC). Its property projects include villas, office buildings, hotels, residential properties and industrial parks. In addition, the Company is also involved in the provision of administrative support to group companies in Hong Kong.

Times Universal Group Holdings (HKSE:02310) Headlines

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