Shanghai Lingang Holdings (SHSE:600848) Days Payable : 1,327.14 (As of Mar. 2024)

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What is Shanghai Lingang Holdings Days Payable?

Shanghai Lingang Holdings's average Accounts Payable for the three months ended in Mar. 2024 was ¥8,461 Mil. Shanghai Lingang Holdings's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥582 Mil. Hence, Shanghai Lingang Holdings's Days Payable for the three months ended in Mar. 2024 was 1,327.14.

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

SHSE:600848' s Days Payable Range Over the Past 10 Years
Min: 304.03 Med: 597.34 Max: 885.21
Current: 720.42

During the past 13 years, Shanghai Lingang Holdings's highest Days Payable was 885.21. The lowest was 304.03. And the median was 597.34.

SHSE:600848's Days Payable is ranked better than
91.4% of 1570 companies
in the Real Estate industry
Industry Median: 97.275 vs SHSE:600848: 720.42

Shanghai Lingang Holdings's Days Payable declined from Mar. 2023 (2,029.36) to Mar. 2024 (1,327.14). It may suggest that Shanghai Lingang Holdings accelerated paying its suppliers.

Shanghai Lingang Holdings Days Payable Historical Data

The historical data trend for Shanghai Lingang 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.

Shanghai Lingang Holdings Days Payable Chart

Shanghai Lingang Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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463.10

628.13

701.00

863.77

885.21

Shanghai Lingang Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															2,029.36	1,579.33	1,387.85	326.13	1,327.14

Competitive Comparison of Shanghai Lingang Holdings's Days Payable

For the Real Estate Services subindustry, Shanghai Lingang 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.

Shanghai Lingang Holdings's Days Payable Distribution in the Real Estate Industry

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

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

Shanghai Lingang 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.

Shanghai Lingang Holdings'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
=	( (7380.158	+	9529.382)	/	2 )	/	3486.157	*	365
=	8454.77					/	3486.157	*	365
=	885.21

Shanghai Lingang Holdings's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (9529.382	+	7392.245)	/	2 )	/	581.741	*	365 / 4
=	8460.8135					/	581.741	*	365 / 4
=	1,327.14

Shanghai Lingang Holdings Days Payable Related Terms

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Shanghai Lingang Holdings (SHSE:600848) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shanghai Lingang Holdings Corp Ltd (SHSE:600848) » Definitions » Days Payable

Traded in Other Exchanges

900928:China

Address

Shanghai Guiping Road 391, Block B, 37 layers, Shanghai, CHN

Website

http://www.lingangholding.com

Shanghai Lingang Holdings Corp Ltd is a real estate company. It provides operations and productions of industrial carriers, park development, and other park integrated services. The types of industrial carriers developed include R&D buildings, headquarters commercial buildings, and bonded logistics warehouses.

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