Chanhigh Holdings (HKSE:02017) Days Payable : 69.58 (As of Jun. 2024)

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What is Chanhigh Holdings Days Payable?

Chanhigh Holdings's average Accounts Payable for the six months ended in Jun. 2024 was HK$425 Mil. Chanhigh Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$1,115 Mil. Hence, Chanhigh Holdings's Days Payable for the six months ended in Jun. 2024 was 69.58.

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

HKSE:02017' s Days Payable Range Over the Past 10 Years
Min: 70.03 Med: 167.05 Max: 379.37
Current: 88.49

During the past 12 years, Chanhigh Holdings's highest Days Payable was 379.37. The lowest was 70.03. And the median was 167.05.

HKSE:02017's Days Payable is ranked better than
57.07% of 1668 companies
in the Construction industry
Industry Median: 77.24 vs HKSE:02017: 88.49

Chanhigh Holdings's Days Payable declined from Jun. 2023 (70.56) to Jun. 2024 (69.58). It may suggest that Chanhigh Holdings accelerated paying its suppliers.

Chanhigh Holdings Days Payable Historical Data

The historical data trend for Chanhigh 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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Chanhigh Holdings Days Payable Chart

Chanhigh Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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79.59

72.73

70.03

81.28

90.56

Chanhigh Holdings Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															61.12	70.56	94.14	69.58	120.27

Competitive Comparison of Chanhigh Holdings's Days Payable

For the Engineering & Construction subindustry, Chanhigh 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.

Chanhigh Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Chanhigh Holdings's Days Payable distribution charts can be found below:

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

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Chanhigh 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.

Chanhigh 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
=	( (401.903	+	444.757)	/	2 )	/	1901.028	*	365
=	423.33					/	1901.028	*	365
=	81.28

Chanhigh 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
=	( (444.757	+	405.653)	/	2 )	/	1115.262	*	365 / 2
=	425.205					/	1115.262	*	365 / 2
=	69.58

Chanhigh Holdings Days Payable Related Terms

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Chanhigh Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Chanhigh Holdings Ltd (HKSE:02017) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3388 Cang Hai Road, Cang Hai Industry Building, 17th and 18th Floors, Yinzhou District, Zhejiang Province, Ningbo, CHN, 315100

Website

http://www.chanhigh.com.hk

Chanhigh Holdings Ltd is an investment holding company principally involved in the provision of municipal landscape and municipal works construction services and maintenance services to its customers. The company operates through four segments. The Landscape Construction segment is engaged in the provision of municipal and private landscaping project services; the Municipal Works Construction segment is engaged in the municipal or local government works such as municipal road construction as well as water and lighting works; the Building Works Construction segment is engaged in the construction of gas stations, auto repair shops, office buildings, and temporary warehouses; the Others segment is engaged in the provision of maintenance, heritage restoration, and renovation services.

Executives

Peng Daosheng	2401 A concert party to an agreement to buy shares
Peng Tianbin	2401 A concert party to an agreement to buy shares
Wang Sufen	2401 A concert party to an agreement to buy shares
Peng Yonghui	2106 Person having a security interest in shares

Chanhigh Holdings Headlines

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