Glorious Property Holdings (STU:GI0A) Days Payable : 339.30 (As of Jun. 2024)

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What is Glorious Property Holdings Days Payable?

Glorious Property Holdings's average Accounts Payable for the six months ended in Jun. 2024 was €368.0 Mil. Glorious Property Holdings's Cost of Goods Sold for the six months ended in Jun. 2024 was €197.9 Mil. Hence, Glorious Property Holdings's Days Payable for the six months ended in Jun. 2024 was 339.30.

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

STU:GI0A' s Days Payable Range Over the Past 10 Years
Min: 233.84 Med: 315.69 Max: 796.19
Current: 374.95

During the past 13 years, Glorious Property Holdings's highest Days Payable was 796.19. The lowest was 233.84. And the median was 315.69.

STU:GI0A's Days Payable is ranked better than
83.45% of 1565 companies
in the Real Estate industry
Industry Median: 95.79 vs STU:GI0A: 374.95

Glorious Property Holdings's Days Payable declined from Jun. 2023 (1,796.55) to Jun. 2024 (339.30). It may suggest that Glorious Property Holdings accelerated paying its suppliers.

Glorious Property Holdings Days Payable Historical Data

The historical data trend for Glorious Property Holdings'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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Glorious Property Holdings Days Payable Chart

Glorious Property Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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246.48

831.41

293.90

563.04

640.13

Glorious Property Holdings Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															2,425.85	317.38	1,796.55	394.44	339.30

Competitive Comparison of Glorious Property Holdings's Days Payable

For the Real Estate - Development subindustry, Glorious Property Holdings'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.

Glorious Property Holdings's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Glorious Property Holdings's Days Payable falls into.

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Glorious Property Holdings 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.

Glorious Property Holdings'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
=	( (455.049	+	358.628)	/	2 )	/	231.979	*	365
=	406.8385					/	231.979	*	365
=	640.13

Glorious Property Holdings'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
=	( (358.628	+	377.409)	/	2 )	/	197.948	*	365 / 2
=	368.0185					/	197.948	*	365 / 2
=	339.30

Glorious Property Holdings Days Payable Related Terms

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Glorious Property Holdings Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Glorious Property Holdings Ltd (STU:GI0A) » Definitions » Days Payable

Traded in Other Exchanges

00845:Hong Kong

Address

50 Wing Tai Road, Room 807H, 8th Floor, Cornell Centre, Chai Wan, Hong Kong, HKG

Website

http://www.gloriousphl.com.cn

Glorious Property Holdings Ltd is a national property developer in China. It focuses on the development and sales of large-scale properties in key economic areas such as the Shanghai region, Yangtze River Delta, Pan Bohai Rim, and Northeast China. The firm develops residential and commercial properties and is also involved in property management. Its reportable operating segments, namely Shanghai Region, Yangtze River Delta (excluding Shanghai), Pan Bohai Rim, and Northeast China. The Others segment represents corporate support functions. The company generates maximum revenue from the Shanghai region.

Glorious Property Holdings Headlines

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