China Merchants Commercial REIT (STU:5C3) Days Payable : 86.78 (As of Dec. 2023)

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What is China Merchants Commercial REIT Days Payable?

China Merchants Commercial REIT's average Accounts Payable for the six months ended in Dec. 2023 was €3.91 Mil. China Merchants Commercial REIT's Cost of Goods Sold for the six months ended in Dec. 2023 was €8.23 Mil. Hence, China Merchants Commercial REIT's Days Payable for the six months ended in Dec. 2023 was 86.78.

The historical rank and industry rank for China Merchants Commercial REIT's Days Payable or its related term are showing as below:

STU:5C3' s Days Payable Range Over the Past 10 Years
Min: 18.22 Med: 60.6 Max: 88.03
Current: 81.05

During the past 8 years, China Merchants Commercial REIT's highest Days Payable was 88.03. The lowest was 18.22. And the median was 60.60.

STU:5C3's Days Payable is ranked worse than
60.47% of 549 companies
in the REITs industry
Industry Median: 108.2 vs STU:5C3: 81.05

China Merchants Commercial REIT's Days Payable increased from Dec. 2022 (65.80) to Dec. 2023 (86.78). It may suggest that China Merchants Commercial REIT delayed paying its suppliers.

China Merchants Commercial REIT Days Payable Historical Data

The historical data trend for China Merchants Commercial REIT'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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China Merchants Commercial REIT Days Payable Chart

China Merchants Commercial REIT Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.12

37.69

58.64

84.46

89.54

China Merchants Commercial REIT Semi-Annual Data
	Dec16	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial										36.27	65.80	84.41	86.78	71.52

Competitive Comparison of China Merchants Commercial REIT's Days Payable

For the REIT - Office subindustry, China Merchants Commercial REIT'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 Merchants Commercial REIT's Days Payable Distribution in the REITs Industry

For the REITs industry and Real Estate sector, China Merchants Commercial REIT's Days Payable distribution charts can be found below:

* The bar in red indicates where China Merchants Commercial REIT's Days Payable falls into.

China Merchants Commercial REIT 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 Merchants Commercial REIT'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
=	( (4.47	+	3.969)	/	2 )	/	17.201	*	365
=	4.2195					/	17.201	*	365
=	89.54

China Merchants Commercial REIT'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
=	( (3.858	+	3.969)	/	2 )	/	8.23	*	365 / 2
=	3.9135					/	8.23	*	365 / 2
=	86.78

China Merchants Commercial REIT Days Payable Related Terms

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China Merchants Commercial REIT Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » China Merchants Commercial REIT (STU:5C3) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

01503:Hong Kong

Address

China Merchants Tower, Shun Tak Centre, Room 2603-2606, 26th Floor, Connaught Road Central, Hong Kong, HKG, 168-200

Website

https://www.cmcreit.com

China Merchants Commercial REIT and its subsidiaries are engaged in property investment. The operating business segments of the company are office buildings and shopping center. Its properties include New Times Plaza, Cyberport Building, Technology Building, Garden City Shopping Centre and Technology Building 2 among others.

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