Shenzhen Properties & Resources Development (Group) (SZSE:200011) Days Payable : 145.54 (As of Mar. 2024)

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What is Shenzhen Properties & Resources Development (Group) Days Payable?

Shenzhen Properties & Resources Development (Group)'s average Accounts Payable for the three months ended in Mar. 2024 was HK$580 Mil. Shenzhen Properties & Resources Development (Group)'s Cost of Goods Sold for the three months ended in Mar. 2024 was HK$363 Mil. Hence, Shenzhen Properties & Resources Development (Group)'s Days Payable for the three months ended in Mar. 2024 was 145.54.

The historical rank and industry rank for Shenzhen Properties & Resources Development (Group)'s Days Payable or its related term are showing as below:

SZSE:200011' s Days Payable Range Over the Past 10 Years
Min: 77.59 Med: 103.55 Max: 154.65
Current: 77.59

During the past 13 years, Shenzhen Properties & Resources Development (Group)'s highest Days Payable was 154.65. The lowest was 77.59. And the median was 103.55.

SZSE:200011's Days Payable is ranked worse than
56.3% of 1579 companies
in the Real Estate industry
Industry Median: 97.02 vs SZSE:200011: 77.59

Shenzhen Properties & Resources Development (Group)'s Days Payable declined from Mar. 2023 (150.17) to Mar. 2024 (145.54). It may suggest that Shenzhen Properties & Resources Development (Group) accelerated paying its suppliers.

Shenzhen Properties & Resources Development (Group) Days Payable Historical Data

The historical data trend for Shenzhen Properties & Resources Development (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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Shenzhen Properties & Resources Development (Group) Days Payable Chart

Shenzhen Properties & Resources Development (Group) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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130.11

132.99

80.42

91.69

104.91

Shenzhen Properties & Resources Development (Group) 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															150.17	40.39	112.20	100.33	145.54

Competitive Comparison of Shenzhen Properties & Resources Development (Group)'s Days Payable

For the Real Estate - Development subindustry, Shenzhen Properties & Resources Development (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.

Shenzhen Properties & Resources Development (Group)'s Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Shenzhen Properties & Resources Development (Group)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Properties & Resources Development (Group)'s Days Payable falls into.

Shenzhen Properties & Resources Development (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.

Shenzhen Properties & Resources Development (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
=	( (679.279	+	725.032)	/	2 )	/	2442.982	*	365
=	702.1555					/	2442.982	*	365
=	104.91

Shenzhen Properties & Resources Development (Group)'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
=	( (725.032	+	434.313)	/	2 )	/	363.443	*	365 / 4
=	579.6725					/	363.443	*	365 / 4
=	145.54

Shenzhen Properties & Resources Development (Group) Days Payable Related Terms

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Shenzhen Properties & Resources Development (Group) (SZSE:200011) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Shenzhen Properties & Resources Development (Group) Ltd (SZSE:200011) » Definitions » Days Payable

Traded in Other Exchanges

000011:China

Address

Renmin South Road, 39 Floor and 42 Floor, International Trade Center, Guangdong Province, Luohu District, Shenzhen, CHN, 518014

Website

http://www.szwuye.com.cn

Shenzhen Properties & Resources Development (Group) Ltd is engaged in real estate development property management and housing asset operation as the basic business, with catering service, warehousing business and supervision business. It develops the residence, the hi-end apartment and the office building. It also provides house leasing, catering service, warehousing service, and supervision service. The company operates in three segments namely Real estate, Property management, and Catering service. Majority of the revenue is derived from the Real estate segment.

Shenzhen Properties & Resources Development (Group) (SZSE:200011) Headlines

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