KRP Development Holdings (HKSE:02421) Days Payable : 1.40 (As of Mar. 2023)

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What is KRP Development Holdings Days Payable?

KRP Development Holdings's average Accounts Payable for the six months ended in Mar. 2023 was HK$0.6 Mil. KRP Development Holdings's Cost of Goods Sold for the six months ended in Mar. 2023 was HK$74.3 Mil. Hence, KRP Development Holdings's Days Payable for the six months ended in Mar. 2023 was 1.40.

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

HKSE:02421' s Days Payable Range Over the Past 10 Years
Min: 1.07 Med: 3.04 Max: 5.24
Current: 1.33

During the past 4 years, KRP Development Holdings's highest Days Payable was 5.24. The lowest was 1.07. And the median was 3.04.

HKSE:02421's Days Payable is ranked worse than
99.3% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs HKSE:02421: 1.33

KRP Development Holdings's Days Payable declined from Mar. 2022 (1.65) to Mar. 2023 (1.40). It may suggest that KRP Development Holdings accelerated paying its suppliers.

KRP Development Holdings Days Payable Historical Data

The historical data trend for KRP Development 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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KRP Development Holdings Days Payable Chart

KRP Development Holdings Annual Data

Trend

Mar20

Mar21

Mar22

Mar23

Days Payable

5.24

3.04

1.07

KRP Development Holdings Semi-Annual Data
	Mar20	Mar21	Sep21	Mar22	Sep22	Mar23
Days Payable	Get a 7-Day Free Trial			-	4.72	1.65	1.47	1.40

Competitive Comparison of KRP Development Holdings's Days Payable

For the Real Estate - Development subindustry, KRP Development 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.

KRP Development Holdings's Days Payable Distribution in the Real Estate Industry

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

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

KRP Development 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.

KRP Development Holdings's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (1.111	+	0.121)	/	2 )	/	209.369	*	365
=	0.616					/	209.369	*	365
=	1.07

KRP Development Holdings's Days Payable for the quarter that ended in Mar. 2023 is calculated as:

	Days Payable (Q: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2022 )	+	Accounts Payable (Q: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2023 )	*	Days in Period
=	( (1.022	+	0.121)	/	2 )	/	74.31	*	365 / 2
=	0.5715					/	74.31	*	365 / 2
=	1.40

KRP Development Holdings Days Payable Related Terms

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KRP Development Holdings (HKSE:02421) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » KRP Development Holdings Ltd (HKSE:02421) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

611–619 Castle Peak Road, Block C, 9th Floor, Southeast Industrial Building, Tsuen Wan, New Territories, Hong Kong, HKG

Website

http://www.krpd.com.hk

KRP Development Holdings Ltd is a boutique residential property developer, It is principally engaged in development and sales of residential properties in the fast-developing residential markets in Dongguan, Huizhou and Foshan. It has developed two product series for homebuyers, namely, Villas series, targeting middle income and move-up homebuyers, and Mansion, targeting first-time homebuyers and retirees.

KRP Development Holdings (HKSE:02421) Headlines

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