Sino-Ocean Group Holding (HKSE:03377) Days Payable : 359.68 (As of Dec. 2023)

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What is Sino-Ocean Group Holding Days Payable?

Sino-Ocean Group Holding's average Accounts Payable for the six months ended in Dec. 2023 was HK$52,480 Mil. Sino-Ocean Group Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$26,628 Mil. Hence, Sino-Ocean Group Holding's Days Payable for the six months ended in Dec. 2023 was 359.68.

The historical rank and industry rank for Sino-Ocean Group Holding's Days Payable or its related term are showing as below:

HKSE:03377' s Days Payable Range Over the Past 10 Years
Min: 214.33 Med: 397.85 Max: 543.68
Current: 381

During the past 13 years, Sino-Ocean Group Holding's highest Days Payable was 543.68. The lowest was 214.33. And the median was 397.85.

HKSE:03377's Days Payable is ranked better than
84.1% of 1579 companies
in the Real Estate industry
Industry Median: 97.33 vs HKSE:03377: 381.00

Sino-Ocean Group Holding's Days Payable increased from Dec. 2022 (352.01) to Dec. 2023 (359.68). It may suggest that Sino-Ocean Group Holding delayed paying its suppliers.

Sino-Ocean Group Holding Days Payable Historical Data

The historical data trend for Sino-Ocean Group Holding'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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Sino-Ocean Group Holding Days Payable Chart

Sino-Ocean Group Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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517.59

432.60

382.05

439.87

382.60

Sino-Ocean Group Holding 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															271.09	504.09	352.01	404.07	359.68

Competitive Comparison of Sino-Ocean Group Holding's Days Payable

For the Real Estate - Development subindustry, Sino-Ocean Group Holding'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.

Sino-Ocean Group Holding's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Sino-Ocean Group Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Sino-Ocean Group Holding's Days Payable falls into.

Sino-Ocean Group Holding 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.

Sino-Ocean Group Holding'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
=	( (50120.42	+	53700.397)	/	2 )	/	49522.142	*	365
=	51910.4085					/	49522.142	*	365
=	382.60

Sino-Ocean Group Holding'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
=	( (51259.875	+	53700.397)	/	2 )	/	26627.831	*	365 / 2
=	52480.136					/	26627.831	*	365 / 2
=	359.68

Sino-Ocean Group Holding Days Payable Related Terms

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Sino-Ocean Group Holding (HKSE:03377) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Sino-Ocean Group Holding Ltd (HKSE:03377) » Definitions » Days Payable

Traded in Other Exchanges

SIOLY:USA SIOLF:USA 3SD:Germany

Address

56 Dongsihuanzhonglu, 31-33 Floor, Tower A, Ocean International Center, Chaoyang District, Beijing, CHN, 100025

Website

https://www.sinooceangroup.com

Sino-Ocean Group Holding Ltd is a real estate company engaged in property development and property investment in China. The company focuses on mid-to-high-end residential property development, investment, and operation of urban property complexes and offices, property services, community O2O, senior living, medical care, shared offices, real estate funds, equity investments, asset management, and overseas investments. It operates in three segments; property development, property management, and property investment. Property development businesses are further segregated geographically into Beijing, Bohai Rim Region, Eastern China, Southern China, Central China, and Western China.

Sino-Ocean Group Holding (HKSE:03377) Headlines

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