China Come Ride New Energy Group (HKSE:08039) Days Payable: 36.06 (As of Sep. 2024)

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HKSE:08039 China Come Ride New Energy Group Ltd HKSE:08039
8 GF Score
Price HK$0.15
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What is China Come Ride New Energy Group Days Payable?

China Come Ride New Energy Group HKSE:08039 8 Days Payable is 36.06 as of Sep. 2024. GuruFocus rates HKSE:08039 with a GF Score™ of 8/100.

China Come Ride New Energy Group's average Accounts Payable for the six months ended in Sep. 2024 was HK$2.24 Mil. China Come Ride New Energy Group's Cost of Goods Sold for the six months ended in Sep. 2024 was HK$11.33 Mil. Hence, China Come Ride New Energy Group's Days Payable for the six months ended in Sep. 2024 was 36.06.

The historical rank and industry rank for China Come Ride New Energy Group's Days Payable or its related term are showing as below:

HKSE:08039's Days Payable is not ranked *
in the Construction industry.
Industry Median: 76.48
* Ranked among companies with meaningful Days Payable only.

China Come Ride New Energy Group's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (36.06). It may suggest that China Come Ride New Energy Group delayed paying its suppliers.


China Come Ride New Energy Group Days Payable Related Terms


China Come Ride New Energy Group Days Payable Historical Data

* Premium members only.

The historical data trend for China Come Ride New Energy 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.

China Come Ride New Energy Group Days Payable Chart

China Come Ride New Energy Group Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 9.77 9.13 8.14 5.42 33.79

China Come Ride New Energy Group Semi-Annual Data
Mar14 Mar15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14.23 34.67 0.00 28.04 36.06

HKSE:08039 vs PWR, EME, FIX: Days Payable Comparison

For the Engineering & Construction subindustry, China Come Ride New Energy 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.


China Come Ride New Energy Group Days Payable vs Construction Industry

For the Construction industry and Industrials sector, China Come Ride New Energy Group's Days Payable distribution charts can be found below:

* The bar in red indicates where China Come Ride New Energy Group's Days Payable falls into.


HKSE:08039
8GF Score
China Come Ride New Energy Group Ltd HKSE:08039
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China Come Ride New Energy 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.

China Come Ride New Energy Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

Days Payable (A: Mar. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2023 ) + Accounts Payable (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (0 + 2.238) / 1 ) / 24.175*365
=2.238 / 24.175*365
=33.79

China Come Ride New Energy Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (2.238 + 0) / 1 ) / 11.328*365 / 2
=2.238 / 11.328*365 / 2
=36.06

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 36.06 mean?
China Come Ride New Energy Group (HKSE:08039) has a Days Payable of 36.06 as of Sep. 2024. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Come Ride New Energy Group and its competitors.
Is China Come Ride New Energy Group's Days Payable too high?
China Come Ride New Energy Group's current Days Payable is 36.06. The Construction industry median Days Payable is 76.48. China Come Ride New Energy Group's value of 36.06 is 52.9% below this industry median. Overall, China Come Ride New Energy Group has a GF Score™ of 8/100, reflecting its overall financial health beyond just this single metric.
How does China Come Ride New Energy Group's Days Payable compare to PWR and EME?
China Come Ride New Energy Group's Days Payable of 36.06 can be compared against companies in the Construction industry. The industry median Days Payable is 76.48. China Come Ride New Energy Group's value of 36.06 is 52.9% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Construction company?
The median Days Payable among Construction companies is 76.48, based on 1,716 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China Come Ride New Energy Group's current Days Payable of 36.06 is 52.9% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China Come Ride New Energy Group and its competitors. For the Construction industry, the median Days Payable is 76.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China Come Ride New Energy Group's current Days Payable is 36.06. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China Come Ride New Energy Group stock overvalued right now?
China Come Ride New Energy Group (HKSE:08039) has a current Days Payable of 36.06. The current Days Payable is 36.06 and 52.9% below the Construction industry median of 76.48. China Come Ride New Energy Group's overall GF Score™ is 8/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For China Come Ride New Energy Group (HKSE:08039), the current Days Payable is 36.06 as of Sep. 2024. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China Come Ride New Energy Group Business Description

Address 7 Shing Yip Street, Unit E, 33rd Floor, Legend Tower, Kwun Tong, Hong Kong, HKG
China Come Ride New Energy Group Ltd is principally engaged in the provision of comprehensive architectural and structural engineering consultancy services. Its service portfolio comprises licensing consultancy, alteration and addition works and minor works consultancy, inspection and certification, and other architecture-related consultancies. The Company's revenue is generated from the contract revenue from the provision of comprehensive architectural and structural engineering consultancy services in Hong Kong, including licensing consultancy, alteration and addition works and minor works consultancy, inspection and certification, and other architectural-related consultancies.
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