Ganglong China Property Group (HKSE:06968) Days Payable : 62.35 (As of Dec. 2023)

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What is Ganglong China Property Group Days Payable?

Ganglong China Property Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$3,401 Mil. Ganglong China Property Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$9,955 Mil. Hence, Ganglong China Property Group's Days Payable for the six months ended in Dec. 2023 was 62.35.

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

HKSE:06968' s Days Payable Range Over the Past 10 Years
Min: 76.94 Med: 331.98 Max: 1016.69
Current: 80.38

During the past 7 years, Ganglong China Property Group's highest Days Payable was 1016.69. The lowest was 76.94. And the median was 331.98.

HKSE:06968's Days Payable is ranked worse than
55.23% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs HKSE:06968: 80.38

Ganglong China Property Group's Days Payable declined from Dec. 2022 (106.34) to Dec. 2023 (62.35). It may suggest that Ganglong China Property Group accelerated paying its suppliers.

Ganglong China Property Group Days Payable Historical Data

The historical data trend for Ganglong China Property 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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Ganglong China Property Group Days Payable Chart

Ganglong China Property Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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512.67

458.01

207.07

158.85

76.94

Ganglong China Property Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							185.77	153.32	106.34	111.63	62.35

Competitive Comparison of Ganglong China Property Group's Days Payable

For the Real Estate - Development subindustry, Ganglong China Property 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.

Ganglong China Property Group's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Ganglong China Property Group's Days Payable falls into.

Ganglong China Property 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.

Ganglong China Property 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
=	( (4174.905	+	2829.753)	/	2 )	/	16614.972	*	365
=	3502.329					/	16614.972	*	365
=	76.94

Ganglong China Property 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
=	( (3972.259	+	2829.753)	/	2 )	/	9955.265	*	365 / 2
=	3401.006					/	9955.265	*	365 / 2
=	62.35

Ganglong China Property Group Days Payable Related Terms

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Ganglong China Property Group (HKSE:06968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ganglong China Property Group Ltd (HKSE:06968) » Definitions » Days Payable

Traded in Other Exchanges

52J:Germany

Address

No. 2177 Shenkun Road, No. 11 Building, Hongqiao International Exhibition Center, PortMix South District, Miuhang District, Shanghai, CHN

Website

https://www.glchina.group

Ganglong China Property Group Ltd is an investment holding company engaged in property development. It develops residential, retail, and commercial properties. The majority of its revenue comes from sales of properties in Changzhou city.

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