EGRNF (China Evergrande Group) Days Payable: 1,257.54 (As of Jun. 2023)


EGRNF China Evergrande Group EGRNF
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What is China Evergrande Group Days Payable?

China Evergrande Group EGRNF 12 Days Payable is 1,257.54 as of Jun. 2023. GuruFocus rates EGRNF with a GF Score™ of 12/100.

China Evergrande Group's average Accounts Payable for the six months ended in Jun. 2023 was $113,909 Mil. China Evergrande Group's Cost of Goods Sold for the six months ended in Jun. 2023 was $16,531 Mil. Hence, China Evergrande Group's Days Payable for the six months ended in Jun. 2023 was 1,257.54.

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

EGRNF's Days Payable is not ranked *
in the Real Estate industry.
Industry Median: 94.03
* Ranked among companies with meaningful Days Payable only.

China Evergrande Group's Days Payable declined from Jun. 2022 (1,345.44) to Jun. 2023 (1,257.54). It may suggest that China Evergrande Group accelerated paying its suppliers.

China Evergrande Group Days Payable Historical Data

* Premium members only.

The historical data trend for China Evergrande Group'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.

China Evergrande Group Days Payable Chart

China Evergrande Group Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 425.14 517.01 635.84 966.56 1,490.19

China Evergrande Group Semi-Annual Data
Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 991.77 1,340.50 1,345.44 1,181.58 1,257.54

China Evergrande Group Days Payable Competitor Comparison

For the Real Estate - Development subindustry, China Evergrande Group'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.

China Evergrande Group Days Payable vs Real Estate Industry

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

* The bar in red indicates where China Evergrande Group's Days Payable falls into.


EGRNF
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China Evergrande Group EGRNF
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China Evergrande Group 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.

China Evergrande Group'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
=( (96432.575 + 143761.78) / 2 ) / 29416.068*365
=120097.1775 / 29416.068*365
=1,490.19

China Evergrande Group'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
=( (143761.78 + 84056.33) / 2 ) / 16530.986*365 / 2
=113909.055 / 16530.986*365 / 2
=1,257.54

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 1,257.54 mean?
China Evergrande Group (EGRNF) has a Days Payable of 1,257.54 as of Jun. 2023. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Evergrande Group and its competitors.
Is China Evergrande Group's Days Payable too high?
China Evergrande Group's current Days Payable is 1,257.54. The Real Estate industry median Days Payable is 94.03. China Evergrande Group's value of 1,257.54 is 1237.4% above this industry median. Overall, China Evergrande Group has a GF Score™ of 12/100, reflecting its overall financial health beyond just this single metric.
How does China Evergrande Group's Days Payable compare to competitors?
China Evergrande Group's Days Payable of 1,257.54 can be compared against companies in the Real Estate industry. The industry median Days Payable is 94.03. China Evergrande Group's value of 1,257.54 is 1237.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Real Estate company?
The median Days Payable among Real Estate companies is 94.03, based on 1,573 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Evergrande Group's current Days Payable of 1,257.54 is 1237.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Evergrande Group and its competitors. For the Real Estate industry, the median Days Payable is 94.03 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Evergrande Group's current Days Payable is 1,257.54. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Evergrande Group stock overvalued right now?
China Evergrande Group (EGRNF) has a current Days Payable of 1,257.54. The current Days Payable is 1,257.54 and 1237.4% above the Real Estate industry median of 94.03. China Evergrande Group's overall GF Score™ is 12/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For China Evergrande Group (EGRNF), the current Days Payable is 1,257.54 as of Jun. 2023. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Evergrande Group Business Description

Address Number. 78 Huangpu Avenue West, Tianhe District, Guangdong Province, Guangzhou, CHN, 510620
China Evergrande Group is engaged in the property development, property investment, property management, new energy vehicle business, cultural tourism business and health industry business principally in the People's Republic of China. The company is organized into four business segments: property development, property investment, property management and other businesses. Other businesses mainly include new energy vehicle business, cultural tourism business, health industry business and investment business.
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Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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