CNGKY (CK Asset Holdings) Days Payable : 219.29 (As of Jun. 2024)

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What is CK Asset Holdings Days Payable?

CK Asset Holdings's average Accounts Payable for the six months ended in Jun. 2024 was $1,494 Mil. CK Asset Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was $1,243 Mil. Hence, CK Asset Holdings's Days Payable for the six months ended in Jun. 2024 was 219.29.

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

CNGKY' s Days Payable Range Over the Past 10 Years
Min: 37.38 Med: 68.8 Max: 236.58
Current: 236.58

During the past 13 years, CK Asset Holdings's highest Days Payable was 236.58. The lowest was 37.38. And the median was 68.80.

CNGKY's Days Payable is ranked better than
74.9% of 1570 companies
in the Real Estate industry
Industry Median: 96.695 vs CNGKY: 236.58

CK Asset Holdings's Days Payable declined from Jun. 2023 (325.03) to Jun. 2024 (219.29). It may suggest that CK Asset Holdings accelerated paying its suppliers.

CK Asset Holdings Days Payable Historical Data

The historical data trend for CK Asset 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.

CK Asset Holdings Days Payable Chart

CK Asset Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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71.87

65.66

132.84

152.05

193.02

CK Asset Holdings Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															295.81	325.03	250.97	219.29	289.35

Competitive Comparison of CK Asset Holdings's Days Payable

For the Real Estate - Development subindustry, CK Asset 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.

CK Asset Holdings's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where CK Asset Holdings's Days Payable falls into.

CK Asset 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.

CK Asset 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
=	( (1824.826	+	534.713)	/	2 )	/	2832.083	*	365
=	1179.7695					/	2832.083	*	365
=	152.05

CK Asset Holdings's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (534.713	+	2452.753)	/	2 )	/	1243.15	*	365 / 2
=	1493.733					/	1243.15	*	365 / 2
=	219.29

CK Asset Holdings Days Payable Related Terms

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CK Asset Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CK Asset Holdings Ltd (OTCPK:CNGKY) » Definitions » Days Payable

Traded in Other Exchanges

CHKGF:USA 01113:Hong Kong 1CK:Germany

Address

2 Queen’s Road Central, 7th Floor, Cheung Kong Center, Hong Kong, HKG

Website

https://www.ckah.com

CK Asset Holdings was the property business arm of the Cheung Kong Group before the spinoff in 2015. It was subsequently renamed CK Asset Holdings from CK Property in 2017. Li Ka-shing and his family remain the largest shareholders of CK Asset over the years, with about a 48% equity stake. The company mainly engages in property development, property investment, and hotel management in Hong Kong and mainland China, while diversifying into social housing, pub operations, and infrastructure management overseas in recent years.