Longfor Group Holdings (HKSE:00960) Days Payable : 203.24 (As of Jun. 2023)

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What is Longfor Group Holdings Days Payable?

Longfor Group Holdings's average Accounts Payable for the six months ended in Jun. 2023 was HK$58,643 Mil. Longfor Group Holdings's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$52,660 Mil. Hence, Longfor Group Holdings's Days Payable for the six months ended in Jun. 2023 was 203.24.

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

HKSE:00960' s Days Payable Range Over the Past 10 Years
Min: 68.06 Med: 157.32 Max: 223.23
Current: 121.31

During the past 13 years, Longfor Group Holdings's highest Days Payable was 223.23. The lowest was 68.06. And the median was 157.32.

HKSE:00960's Days Payable is ranked better than
57.2% of 1570 companies
in the Real Estate industry
Industry Median: 96.765 vs HKSE:00960: 121.31

Longfor Group Holdings's Days Payable declined from Jun. 2022 (247.07) to Jun. 2023 (203.24). It may suggest that Longfor Group Holdings accelerated paying its suppliers.

Longfor Group Holdings Days Payable Historical Data

The historical data trend for Longfor 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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Longfor Group Holdings Days Payable Chart

Longfor Group Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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220.09

223.23

206.20

162.21

131.58

Longfor 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															146.27	247.07	122.89	203.24	75.08

Competitive Comparison of Longfor Group Holdings's Days Payable

For the Real Estate - Development subindustry, Longfor 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.

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

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

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

Longfor 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.

Longfor 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
=	( (124113.611	+	71948.347)	/	2 )	/	220580.878	*	365
=	98030.979					/	220580.878	*	365
=	162.21

Longfor 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
=	( (71948.347	+	45337.555)	/	2 )	/	52659.567	*	365 / 2
=	58642.951					/	52659.567	*	365 / 2
=	203.24

Longfor Group Holdings Days Payable Related Terms

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Longfor Group Holdings (HKSE:00960) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Longfor Group Holdings Ltd (HKSE:00960) » Definitions » Days Payable

Traded in Other Exchanges

LNGPF:USA LGFRY:USA RLF:Germany

Address

No. 8 Beiyuan Street, Building 6, Beijing Longfor Blue Engine Industrial Park, Chaoyang District, Beijing, CHN, 100012

Website

https://www.longfor.com

Longfor Group Holdings, or Longfor, is a privately owned real estate developer in China with contracted sales value placing it among the top 10 of all China's developers. The company focuses on developing high-quality residential projects, as well as operating shopping malls and rental apartments in China's wealthier cities. Property development represents the majority of Longfor's revenue and gross profit, while income from commercial properties, property management, and project management services have been growing fast. At the end of 2022, Wu Yajun remained Longfor's largest shareholder with an over 43% equity interest, while her ex-husband Cai Kui has a 23% stake.

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