Nacity Property Service Group Co (SHSE:603506) Days Payable : 86.37 (As of Mar. 2024)

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What is Nacity Property Service Group Co Days Payable?

Nacity Property Service Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥337 Mil. Nacity Property Service Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥356 Mil. Hence, Nacity Property Service Group Co's Days Payable for the three months ended in Mar. 2024 was 86.37.

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

SHSE:603506' s Days Payable Range Over the Past 10 Years
Min: 9.47 Med: 58.3 Max: 87.21
Current: 77.8

During the past 11 years, Nacity Property Service Group Co's highest Days Payable was 87.21. The lowest was 9.47. And the median was 58.30.

SHSE:603506's Days Payable is ranked worse than
56.05% of 1579 companies
in the Real Estate industry
Industry Median: 97.02 vs SHSE:603506: 77.80

Nacity Property Service Group Co's Days Payable declined from Mar. 2023 (88.10) to Mar. 2024 (86.37). It may suggest that Nacity Property Service Group Co accelerated paying its suppliers.

Nacity Property Service Group Co Days Payable Historical Data

The historical data trend for Nacity Property Service Group Co'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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Nacity Property Service Group Co Days Payable Chart

Nacity Property Service Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.89

63.62

64.50

75.99

87.21

Nacity Property Service Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															88.10	79.06	76.58	73.19	86.37

Competitive Comparison of Nacity Property Service Group Co's Days Payable

For the Real Estate Services subindustry, Nacity Property Service Group Co'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.

Nacity Property Service Group Co's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Nacity Property Service Group Co's Days Payable falls into.

Nacity Property Service Group Co 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.

Nacity Property Service Group Co'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
=	( (377.951	+	365.006)	/	2 )	/	1554.723	*	365
=	371.4785					/	1554.723	*	365
=	87.21

Nacity Property Service Group Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (365.006	+	308.892)	/	2 )	/	355.974	*	365 / 4
=	336.949					/	355.974	*	365 / 4
=	86.37

Nacity Property Service Group Co Days Payable Related Terms

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Nacity Property Service Group Co (SHSE:603506) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Nacity Property Service Group Co Ltd (SHSE:603506) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 2, Zijinghua Road, 10th Floor, Unit 1, Building A, Union Building, Xihu District, Zhejiang Province, Hangzhou, CHN, 310023

Website

http://www.nacityres.com

Nacity Property Service Co Ltd provides property management services. The company is engaged in residential property management, office property management and commercial property management, legal formalities, consulting, and building value added services.

Nacity Property Service Group Co (SHSE:603506) Headlines

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