Shunfa Hengye (SZSE:000631) Days Payable : 282.93 (As of Mar. 2024)

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What is Shunfa Hengye Days Payable?

Shunfa Hengye's average Accounts Payable for the three months ended in Mar. 2024 was ¥204 Mil. Shunfa Hengye's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥66 Mil. Hence, Shunfa Hengye's Days Payable for the three months ended in Mar. 2024 was 282.93.

The historical rank and industry rank for Shunfa Hengye's Days Payable or its related term are showing as below:

SZSE:000631' s Days Payable Range Over the Past 10 Years
Min: 36.56 Med: 114.97 Max: 497.66
Current: 36.56

During the past 13 years, Shunfa Hengye's highest Days Payable was 497.66. The lowest was 36.56. And the median was 114.97.

SZSE:000631's Days Payable is ranked worse than
76.76% of 1575 companies
in the Real Estate industry
Industry Median: 96.91 vs SZSE:000631: 36.56

Shunfa Hengye's Days Payable declined from Mar. 2023 (409.26) to Mar. 2024 (282.93). It may suggest that Shunfa Hengye accelerated paying its suppliers.

Shunfa Hengye Days Payable Historical Data

The historical data trend for Shunfa Hengye'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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Shunfa Hengye Days Payable Chart

Shunfa Hengye Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.33

258.42

497.66

406.77

38.68

Shunfa Hengye 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															409.26	243.19	12.65	60.16	282.93

Competitive Comparison of Shunfa Hengye's Days Payable

For the Real Estate Services subindustry, Shunfa Hengye'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.

Shunfa Hengye's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shunfa Hengye's Days Payable distribution charts can be found below:

* The bar in red indicates where Shunfa Hengye's Days Payable falls into.

Shunfa Hengye 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.

Shunfa Hengye'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
=	( (146.759	+	239.426)	/	2 )	/	1822.168	*	365
=	193.0925					/	1822.168	*	365
=	38.68

Shunfa Hengye'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
=	( (239.426	+	169.141)	/	2 )	/	65.886	*	365 / 4
=	204.2835					/	65.886	*	365 / 4
=	282.93

Shunfa Hengye Days Payable Related Terms

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Shunfa Hengye (SZSE:000631) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shunfa Hengye Corp (SZSE:000631) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

777 Xinbei Road, Xiaoshan District, Hangzhou, CHN, 311215

Website

http://www.sfhy.cn

Shunfa Hengye Corp is a China-based company engaged in the development, leasing, distribution, and management of real estate. In addition, the company is also involved in the real estate investment and industrial investment industries.

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