Glory Sun Land Group (HKSE:00299) Days Payable : 201.61 (As of Dec. 2023)

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What is Glory Sun Land Group Days Payable?

Glory Sun Land Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,336 Mil. Glory Sun Land Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,210 Mil. Hence, Glory Sun Land Group's Days Payable for the six months ended in Dec. 2023 was 201.61.

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

HKSE:00299' s Days Payable Range Over the Past 10 Years
Min: 51.61 Med: 170.58 Max: 503.96
Current: 443.92

During the past 13 years, Glory Sun Land Group's highest Days Payable was 503.96. The lowest was 51.61. And the median was 170.58.

HKSE:00299's Days Payable is ranked better than
70.21% of 527 companies
in the Capital Markets industry
Industry Median: 106.62 vs HKSE:00299: 443.92

Glory Sun Land Group's Days Payable declined from Dec. 2022 (639.21) to Dec. 2023 (201.61). It may suggest that Glory Sun Land Group accelerated paying its suppliers.

Glory Sun Land Group Days Payable Historical Data

The historical data trend for Glory Sun Land 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.

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Glory Sun Land Group Days Payable Chart

Glory Sun Land Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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105.45

173.07

206.36

465.93

503.96

Glory Sun Land Group 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															269.62	379.10	639.21	1,601.86	201.61

Competitive Comparison of Glory Sun Land Group's Days Payable

For the Capital Markets subindustry, Glory Sun Land 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.

Glory Sun Land Group's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, Glory Sun Land Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Glory Sun Land Group's Days Payable falls into.

Glory Sun Land 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.

Glory Sun Land Group'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
=	( (2529.794	+	1407.726)	/	2 )	/	1425.913	*	365
=	1968.76					/	1425.913	*	365
=	503.96

Glory Sun Land Group'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
=	( (1265.09	+	1407.726)	/	2 )	/	1209.738	*	365 / 2
=	1336.408					/	1209.738	*	365 / 2
=	201.61

Glory Sun Land Group Days Payable Related Terms

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Glory Sun Land Group (HKSE:00299) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Glory Sun Land Group Ltd (HKSE:00299) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Tower Two, Lippo Centre, Unit 1305, 13th Floor, No. 89 Queensway, Admiralty, Hong Kong, HKG

Website

http://www.hk0299.com

Glory Sun Land Group Ltd is engaged in the trading of commodities in the People's Republic of China. The company's business segments are The real estate and property investment segment includes property development and property investment, the Trading of commodities segment includes the trading of commodities, the Construction segment includes the provision of construction works, Others segment includes the operation of a golf practicing court, operation of children's playrooms, operation of fitness rooms, operation of a karaoke box, and trading of home appliances and building materials.

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