Cathay Real Estate Development Co (TPE:2501) Days Payable : 54.80 (As of Sep. 2024)

View and export this data going back to 1967. Start your Free Trial

What is Cathay Real Estate Development Co Days Payable?

Cathay Real Estate Development Co's average Accounts Payable for the three months ended in Sep. 2024 was NT$1,454 Mil. Cathay Real Estate Development Co's Cost of Goods Sold for the three months ended in Sep. 2024 was NT$2,421 Mil. Hence, Cathay Real Estate Development Co's Days Payable for the three months ended in Sep. 2024 was 54.80.

The historical rank and industry rank for Cathay Real Estate Development Co's Days Payable or its related term are showing as below:

TPE:2501' s Days Payable Range Over the Past 10 Years
Min: 30.47 Med: 38.21 Max: 56.44
Current: 38.38

During the past 13 years, Cathay Real Estate Development Co's highest Days Payable was 56.44. The lowest was 30.47. And the median was 38.21.

TPE:2501's Days Payable is ranked worse than
75.73% of 1570 companies
in the Real Estate industry
Industry Median: 97.7 vs TPE:2501: 38.38

Cathay Real Estate Development Co's Days Payable declined from Sep. 2023 (70.13) to Sep. 2024 (54.80). It may suggest that Cathay Real Estate Development Co accelerated paying its suppliers.

Cathay Real Estate Development Co Days Payable Historical Data

The historical data trend for Cathay Real Estate Development 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.

* Premium members only.

Cathay Real Estate Development Co Days Payable Chart

Cathay Real Estate Development Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

38.47

30.47

37.94

31.81

56.44

Cathay Real Estate Development Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															70.13	39.28	30.83	44.07	54.80

Competitive Comparison of Cathay Real Estate Development Co's Days Payable

For the Real Estate - Development subindustry, Cathay Real Estate Development 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.

Cathay Real Estate Development Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Cathay Real Estate Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cathay Real Estate Development Co's Days Payable falls into.

Cathay Real Estate Development 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.

Cathay Real Estate Development 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
=	( (1319.345	+	2119.891)	/	2 )	/	11120.26	*	365
=	1719.618					/	11120.26	*	365
=	56.44

Cathay Real Estate Development Co'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: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (1483.17	+	1424.345)	/	2 )	/	2420.512	*	365 / 4
=	1453.7575					/	2420.512	*	365 / 4
=	54.80

Cathay Real Estate Development Co Days Payable Related Terms

Thank you for viewing the detailed overview of Cathay Real Estate Development Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Cathay Real Estate Development Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Cathay Real Estate Development Co Ltd (TPE:2501) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Dunhua South Road, 2nd Floor, No. 218, Section 2, Da’an District, Taipei, TWN, 106

Website

https://www.cathay-red.com.tw

Cathay Real Estate Development Co Ltd specialises in property construction, development, and distribution of residential and commercial buildings. The major property types the company provides are high rise residential buildings, shops, office buildings and integrated commercial buildings. The company's services cover the most of the urban areas in Taiwan. The company also operates other real estate businesses related to its primary business, such as engineering, real estate management and consultant subsidiaries. It generates the majority of the revenue from Sales of buildings and land, followed by Construction income, Service income and Others.

Cathay Real Estate Development Co Headlines

No Headlines