Million Cities Holdings (HKSE:02892) Days Payable : 25.14 (As of Dec. 2023)

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What is Million Cities Holdings Days Payable?

Million Cities Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$91.0 Mil. Million Cities Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$660.3 Mil. Hence, Million Cities Holdings's Days Payable for the six months ended in Dec. 2023 was 25.14.

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

HKSE:02892' s Days Payable Range Over the Past 10 Years
Min: 30.58 Med: 111.24 Max: 973.41
Current: 56.38

During the past 9 years, Million Cities Holdings's highest Days Payable was 973.41. The lowest was 30.58. And the median was 111.24.

HKSE:02892's Days Payable is ranked worse than
66.94% of 1579 companies
in the Real Estate industry
Industry Median: 98.32 vs HKSE:02892: 56.38

Million Cities Holdings's Days Payable declined from Dec. 2022 (212.46) to Dec. 2023 (25.14). It may suggest that Million Cities Holdings accelerated paying its suppliers.

Million Cities Holdings Days Payable Historical Data

The historical data trend for Million Cities 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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Million Cities Holdings Days Payable Chart

Million Cities Holdings Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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302.50

104.55

111.24

408.47

63.77

Million Cities Holdings Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											121.67	1,194.61	212.46	134.83	25.14

Competitive Comparison of Million Cities Holdings's Days Payable

For the Real Estate - Development subindustry, Million Cities 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.

Million Cities Holdings's Days Payable Distribution in the Real Estate Industry

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

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

Million Cities 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.

Million Cities 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
=	( (226.704	+	81.402)	/	2 )	/	881.734	*	365
=	154.053					/	881.734	*	365
=	63.77

Million Cities 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
=	( (100.516	+	81.402)	/	2 )	/	660.279	*	365 / 2
=	90.959					/	660.279	*	365 / 2
=	25.14

Million Cities Holdings Days Payable Related Terms

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Million Cities Holdings (HKSE:02892) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Million Cities Holdings Ltd (HKSE:02892) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

57 Ting Kok Road, Unit D, 21st Floor, Block 1, Tai Ping Industrial Centre, Tai Po New Territories, Hong Kong, HKG

Website

http://www.millioncities.com.cn

Million Cities Holdings Ltd is an investment holding company engaged in property development. The company generates revenues from the sale of properties and gross rentals from properties. It derives all of its revenues from China.

Executives

East Asia International Trustees Limited	2301 Trustee
Fortune Speed Investments Ltd.	2101 Beneficial owner
Happy Family Assets Limited	2201 Interest of corporation controlled by you
Winnermax Management Limited	2201 Interest of corporation controlled by you
Wang Kam Chu	2202 Interest of your spouse
Wong Ting Chung	2305 Beneficiary of a trust
Tsoi Suet Ngai	2202 Interest of your spouse
Wong Ting Chun	2305 Beneficiary of a trust
Chan Ka Wai	2202 Interest of your spouse
Wong Ting Kau	2305 Beneficiary of a trust
Lau Ka Keung	2202 Interest of your spouse
Wong Wai Ling	2305 Beneficiary of a trust

Million Cities Holdings (HKSE:02892) Headlines

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