Times China Holdings (FRA:T2H) Days Payable : 192.49 (As of Dec. 2023)

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What is Times China Holdings Days Payable?

Times China Holdings's average Accounts Payable for the six months ended in Dec. 2023 was €1,253 Mil. Times China Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was €1,188 Mil. Hence, Times China Holdings's Days Payable for the six months ended in Dec. 2023 was 192.49.

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

FRA:T2H' s Days Payable Range Over the Past 10 Years
Min: 75.16 Med: 146.37 Max: 286.35
Current: 215.49

During the past 12 years, Times China Holdings's highest Days Payable was 286.35. The lowest was 75.16. And the median was 146.37.

FRA:T2H's Days Payable is ranked better than
72.48% of 1577 companies
in the Real Estate industry
Industry Median: 97.02 vs FRA:T2H: 215.49

Times China Holdings's Days Payable increased from Dec. 2022 (144.02) to Dec. 2023 (192.49). It may suggest that Times China Holdings delayed paying its suppliers.

Times China Holdings Days Payable Historical Data

The historical data trend for Times 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.

* Premium members only.

Times China Holdings Days Payable Chart

Times China Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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139.62

235.02

213.98

275.15

215.84

Times China Holdings 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															158.66	470.29	144.02	246.83	192.49

Competitive Comparison of Times China Holdings's Days Payable

For the Real Estate - Development subindustry, Times 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.

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

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

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

Times 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.

Times 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
=	( (1744.865	+	1053.359)	/	2 )	/	2366.038	*	365
=	1399.112					/	2366.038	*	365
=	215.84

Times China Holdings'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
=	( (1452.835	+	1053.359)	/	2 )	/	1188.063	*	365 / 2
=	1253.097					/	1188.063	*	365 / 2
=	192.49

Times China Holdings Days Payable Related Terms

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Times China Holdings (FRA:T2H) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Times China Holdings Ltd (FRA:T2H) » Definitions » Days Payable

Traded in Other Exchanges

01233:Hong Kong

Address

410-412 Dongfeng Zhong Road, 36-38F, Times Property Center, Guangdong Province, Guangzhou, CHN, 510030

Website

https://www.timesgroup.cn

Times China Holdings Ltd is a real estate company. It is principal engaged in the development and management of residential, commercial properties, industrial parks and featured small towns. Geographically, the group expanded its business to Guangzhou, Foshan, Jiangmen, Dongguan, Huizhou, Zhuhai, Zhongshan, Qingyuan and Changsha, in which economies are well-developed, and holds around 79 projects in various stages. It operates in three segments: property development segment develops residential and commercial properties for sale, Urban redevelopment segment redevelops old towns, old factories, and old villages, and the Property leasing segment engages in the development, leasing, and subleasing of commercial properties owned by the company or third parties.

Times China Holdings (FRA:T2H) Headlines

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