CIFI Holdings (Group) Co (FRA:6CI) Days Payable : 160.67 (As of Dec. 2023)

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What is CIFI Holdings (Group) Co Days Payable?

CIFI Holdings (Group) Co's average Accounts Payable for the six months ended in Dec. 2023 was €3,872 Mil. CIFI Holdings (Group) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was €4,398 Mil. Hence, CIFI Holdings (Group) Co's Days Payable for the six months ended in Dec. 2023 was 160.67.

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

FRA:6CI' s Days Payable Range Over the Past 10 Years
Min: 65.1 Med: 161.64 Max: 342.53
Current: 184.51

During the past 13 years, CIFI Holdings (Group) Co's highest Days Payable was 342.53. The lowest was 65.10. And the median was 161.64.

FRA:6CI's Days Payable is ranked better than
68.67% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs FRA:6CI: 184.51

CIFI Holdings (Group) Co's Days Payable declined from Dec. 2022 (356.02) to Dec. 2023 (160.67). It may suggest that CIFI Holdings (Group) Co accelerated paying its suppliers.

CIFI Holdings (Group) Co Days Payable Historical Data

The historical data trend for CIFI Holdings (Group) Co'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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CIFI Holdings (Group) Co Days Payable Chart

CIFI Holdings (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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284.34

223.23

140.33

329.47

186.36

CIFI Holdings (Group) Co 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															114.34	292.59	356.02	220.50	160.67

Competitive Comparison of CIFI Holdings (Group) Co's Days Payable

For the Real Estate - Development subindustry, CIFI Holdings (Group) Co'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.

CIFI Holdings (Group) Co's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where CIFI Holdings (Group) Co's Days Payable falls into.

CIFI Holdings (Group) Co 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.

CIFI Holdings (Group) Co'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
=	( (4205.909	+	3741.519)	/	2 )	/	7782.708	*	365
=	3973.714					/	7782.708	*	365
=	186.36

CIFI Holdings (Group) Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4002.479	+	3741.519)	/	2 )	/	4397.949	*	365 / 2
=	3871.999					/	4397.949	*	365 / 2
=	160.67

CIFI Holdings (Group) Co Days Payable Related Terms

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CIFI Holdings (Group) Co (FRA:6CI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » CIFI Holdings (Group) Co Ltd (FRA:6CI) » Definitions » Days Payable

Traded in Other Exchanges

00884:Hong Kong

Address

Lane 1088, No. 39 Shenhong Road, CIFI Center, Minhang District, Shanghai, CHN, 201106

Website

https://www.cifi.com.cn

CIFI Holdings (Group) Co Ltd is engaged in property development and property investment, provision of property management services in China. The group has property projects in cities in four regions: the Yangtze River Delta, the Pan Bohai Rim, the Central Western Region, and the South China Region. Most of the group's sales were contracted from the Yangtze River Delta. Regardless of the region, residential properties make up a significant majority of contracted sales. The group focuses on properties in first and second-tier cities in China. The group's projects include a variety of property types such as residential, office, and commercial complexes. The group's operations are carried out in the People's Republic of China.

CIFI Holdings (Group) Co (FRA:6CI) Headlines

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