Glorious Property Holdings (FRA:GI0A) Days Payable: 339.30 (As of Jun. 2024)

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FRA:GI0A Glorious Property Holdings Ltd FRA:GI0A
4 GF Score
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What is Glorious Property Holdings Days Payable?

Glorious Property Holdings FRA:GI0A 4 Days Payable is 339.30 as of Jun. 2024. GuruFocus rates FRA:GI0A with a GF Score™ of 4/100.

Glorious Property Holdings's average Accounts Payable for the six months ended in Jun. 2024 was €368.0 Mil. Glorious Property Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €197.9 Mil. Hence, Glorious Property Holdings's Days Payable for the six months ended in Jun. 2024 was 339.30.

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

FRA:GI0A's Days Payable is not ranked *
in the Real Estate industry.
Industry Median: 93.66
* Ranked among companies with meaningful Days Payable only.

Glorious Property Holdings's Days Payable declined from Jun. 2023 (1,796.55) to Jun. 2024 (339.30). It may suggest that Glorious Property Holdings accelerated paying its suppliers.

Glorious Property Holdings Days Payable Historical Data

* Premium members only.

The historical data trend for Glorious Property 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.

Glorious Property Holdings Days Payable Chart

Glorious Property Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 246.48 831.41 293.90 563.04 640.13

Glorious Property 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 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 2,425.85 317.38 1,796.55 394.44 339.30

Glorious Property Holdings Days Payable Competitor Comparison

For the Real Estate - Development subindustry, Glorious Property 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.

Glorious Property Holdings Days Payable vs Real Estate Industry

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

* The bar in red indicates where Glorious Property Holdings's Days Payable falls into.


FRA:GI0A
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Glorious Property Holdings Ltd FRA:GI0A
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Glorious Property 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.

Glorious Property 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
=( (455.049 + 358.628) / 2 ) / 231.979*365
=406.8385 / 231.979*365
=640.13

Glorious Property 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
=( (358.628 + 377.409) / 2 ) / 197.948*365 / 2
=368.0185 / 197.948*365 / 2
=339.30

* 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 339.30 mean?
Glorious Property Holdings (FRA:GI0A) has a Days Payable of 339.30 as of Jun. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Glorious Property Holdings and its competitors.
Is Glorious Property Holdings' Days Payable too high?
Glorious Property Holdings' current Days Payable is 339.30. The Real Estate industry median Days Payable is 93.66. Glorious Property Holdings' value of 339.30 is 262.3% above this industry median. Overall, Glorious Property Holdings has a GF Score™ of 4/100, reflecting its overall financial health beyond just this single metric.
How does Glorious Property Holdings' Days Payable compare to competitors?
Glorious Property Holdings' Days Payable of 339.30 can be compared against companies in the Real Estate industry. The industry median Days Payable is 93.66. Glorious Property Holdings' value of 339.30 is 262.3% 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 93.66, based on 1,572 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. Glorious Property Holdings's current Days Payable of 339.30 is 262.3% 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 Glorious Property Holdings and its competitors. For the Real Estate industry, the median Days Payable is 93.66 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Glorious Property Holdings's current Days Payable is 339.30. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Glorious Property Holdings stock overvalued right now?
Glorious Property Holdings (FRA:GI0A) has a current Days Payable of 339.30. The current Days Payable is 339.30 and 262.3% above the Real Estate industry median of 93.66. Glorious Property Holdings' overall GF Score™ is 4/100. 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 Glorious Property Holdings (FRA:GI0A), the current Days Payable is 339.30 as of Jun. 2024. 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.

Glorious Property Holdings Business Description

Address 50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chai Wan, Hong Kong, HKG
Glorious Property Holdings Ltd is a national property developer in China. It focuses on the development and sales of large-scale properties in key economic areas such as the Shanghai region, Yangtze River Delta, Pan Bohai Rim, and Northeast China. The firm develops residential and commercial properties and is also involved in property management. Its reportable operating segments, namely Shanghai Region, Yangtze River Delta (excluding Shanghai), Pan Bohai Rim, and Northeast China. The Others segment represents corporate support functions. The company generates maximum revenue from the Shanghai region.
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