Zhenro Services Group (HKSE:06958) Days Payable : 62.15 (As of Jun. 2024)

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What is Zhenro Services Group Days Payable?

Zhenro Services Group's average Accounts Payable for the six months ended in Jun. 2024 was HK$160 Mil. Zhenro Services Group's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$470 Mil. Hence, Zhenro Services Group's Days Payable for the six months ended in Jun. 2024 was 62.15.

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

HKSE:06958' s Days Payable Range Over the Past 10 Years
Min: 22.42 Med: 53.82 Max: 76.23
Current: 66.87

During the past 7 years, Zhenro Services Group's highest Days Payable was 76.23. The lowest was 22.42. And the median was 53.82.

HKSE:06958's Days Payable is ranked worse than
59.78% of 1564 companies
in the Real Estate industry
Industry Median: 96.81 vs HKSE:06958: 66.87

Zhenro Services Group's Days Payable declined from Jun. 2023 (69.75) to Jun. 2024 (62.15). It may suggest that Zhenro Services Group accelerated paying its suppliers.

Zhenro Services Group Days Payable Historical Data

The historical data trend for Zhenro Services 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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Zhenro Services Group Days Payable Chart

Zhenro Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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27.96

53.82

73.08

76.23

64.43

Zhenro Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial								90.06	68.18	69.75	72.19	62.15

Competitive Comparison of Zhenro Services Group's Days Payable

For the Real Estate Services subindustry, Zhenro Services 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.

Zhenro Services Group's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Zhenro Services Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhenro Services Group's Days Payable falls into.

Zhenro Services 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.

Zhenro Services 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
=	( (166.925	+	180.948)	/	2 )	/	985.31	*	365
=	173.9365					/	985.31	*	365
=	64.43

Zhenro Services Group'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
=	( (180.948	+	139.455)	/	2 )	/	470.432	*	365 / 2
=	160.2015					/	470.432	*	365 / 2
=	62.15

Zhenro Services Group Days Payable Related Terms

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Zhenro Services Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Zhenro Services Group Ltd (HKSE:06958) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 666, Shenhong Road, 1st Floor, Building No. 7, Hongqiao Zhenro Center, Minhang District, Hongqiao Business Core District, Shanghai, CHN

Website

http://www.zhenrowy.com

Zhenro Services Group Ltd is a property management service provider in China, offering diversified property management services for residential and non-residential properties. The group is principally engaged in the provision of property management services, value-added services to non-property owners, community value-added services, and commercial operational management services. The majority of revenue is derived from the property management services. Geographically it operates in Mainland China.

Executives

Shan Tian Investment Limited	2101 Beneficial owner
Li Xi	2202 Interest of your spouse
Ou Guoqiang	2201 Interest of corporation controlled by you
Ou Guowei	2201 Interest of corporation controlled by you
Warm Shine Limited	2101 Beneficial owner
Wei Qiang Kong Gu You Xian Gong Si	2101 Beneficial owner
Sunny Time International Company Limited	2101 Beneficial owner
Lin Shuying	2202 Interest of your spouse
Ou Zongrong	2201 Interest of corporation controlled by you
Wei Zheng Kong Gu You Xian Gong Si	2101 Beneficial owner
Hua Bo Mao Yi You Xian Gong Si	2101 Beneficial owner
Wei Tian Kong Gu You Xian Gong Si
Wei Yao Kong Gu You Xian Gong Si

Zhenro Services Group Headlines

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