Ronshine China Holdings (FRA:1R7) Days Payable : 108.11 (As of Jun. 2024)

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What is Ronshine China Holdings Days Payable?

Ronshine China Holdings's average Accounts Payable for the six months ended in Jun. 2024 was €856 Mil. Ronshine China Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €1,446 Mil. Hence, Ronshine China Holdings's Days Payable for the six months ended in Jun. 2024 was 108.11.

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

FRA:1R7' s Days Payable Range Over the Past 10 Years
Min: 59.74 Med: 105.98 Max: 153.8
Current: 59.74

During the past 10 years, Ronshine China Holdings's highest Days Payable was 153.80. The lowest was 59.74. And the median was 105.98.

FRA:1R7's Days Payable is ranked worse than
64.46% of 1570 companies
in the Real Estate industry
Industry Median: 97.7 vs FRA:1R7: 59.74

Ronshine China Holdings's Days Payable increased from Jun. 2023 (97.72) to Jun. 2024 (108.11). It may suggest that Ronshine China Holdings delayed paying its suppliers.

Ronshine China Holdings Days Payable Historical Data

The historical data trend for Ronshine China 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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Ronshine China Holdings Days Payable Chart

Ronshine China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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101.22

103.29

149.16

107.02

61.29

Ronshine China Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															146.57	70.54	97.72	41.00	108.11

Competitive Comparison of Ronshine China Holdings's Days Payable

For the Real Estate - Development subindustry, Ronshine China 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.

Ronshine China Holdings's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Ronshine China Holdings's Days Payable falls into.

Ronshine China 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.

Ronshine China 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
=	( (1000.434	+	841.048)	/	2 )	/	5483.59	*	365
=	920.741					/	5483.59	*	365
=	61.29

Ronshine China 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
=	( (841.048	+	871.772)	/	2 )	/	1445.767	*	365 / 2
=	856.41					/	1445.767	*	365 / 2
=	108.11

Ronshine China Holdings Days Payable Related Terms

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Ronshine China Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ronshine China Holdings Ltd (FRA:1R7) » Definitions » Days Payable

Traded in Other Exchanges

03301:Hong Kong

Address

Lane 77, Shangkun Road, Tower 2, Ronshine Sunkwan Center, Minhang District, Shanghai, CHN, 200336

Website

http://www.rongxingroup.com

Ronshine China Holdings Ltd is an investment holding company. The firm with its subsidiaries develops mid to high end residential and commercial properties in cities in the Western Taiwan straits economic zone, Yangtze river delta economic region and selected first and second-tier cities in the PRC. The company derives the majority of its revenues from sales of properties.

Ronshine China Holdings Headlines

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