Chong Hong Construction Co (TPE:5534) Days Payable : 254.79 (As of Mar. 2024)

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What is Chong Hong Construction Co Days Payable?

Chong Hong Construction Co's average Accounts Payable for the three months ended in Mar. 2024 was NT$942 Mil. Chong Hong Construction Co's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$338 Mil. Hence, Chong Hong Construction Co's Days Payable for the three months ended in Mar. 2024 was 254.79.

The historical rank and industry rank for Chong Hong Construction Co's Days Payable or its related term are showing as below:

TPE:5534' s Days Payable Range Over the Past 10 Years
Min: 55.54 Med: 66.37 Max: 113.41
Current: 55.64

During the past 13 years, Chong Hong Construction Co's highest Days Payable was 113.41. The lowest was 55.54. And the median was 66.37.

TPE:5534's Days Payable is ranked worse than
67.41% of 1577 companies
in the Real Estate industry
Industry Median: 99.76 vs TPE:5534: 55.64

Chong Hong Construction Co's Days Payable increased from Mar. 2023 (250.81) to Mar. 2024 (254.79). It may suggest that Chong Hong Construction Co delayed paying its suppliers.

Chong Hong Construction Co Days Payable Historical Data

The historical data trend for Chong Hong Construction 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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Chong Hong Construction Co Days Payable Chart

Chong Hong Construction Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

74.22

58.51

113.41

83.61

57.45

Chong Hong Construction 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															250.81	243.83	79.24	21.07	254.79

Competitive Comparison of Chong Hong Construction Co's Days Payable

For the Real Estate - Development subindustry, Chong Hong Construction 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.

Chong Hong Construction Co's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Chong Hong Construction Co's Days Payable falls into.

Chong Hong Construction 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.

Chong Hong Construction 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
=	( (1207.584	+	949.748)	/	2 )	/	6853.163	*	365
=	1078.666					/	6853.163	*	365
=	57.45

Chong Hong Construction 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
=	( (949.748	+	935.043)	/	2 )	/	337.508	*	365 / 4
=	942.3955					/	337.508	*	365 / 4
=	254.79

Chong Hong Construction Co Days Payable Related Terms

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Chong Hong Construction Co (TPE:5534) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Chong Hong Construction Co Ltd (TPE:5534) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 30, Beiping East Road, 11th Floor, Zhongzheng District, Taipei, TWN, 100

Website

http://www.chonghong.com.tw

Chong Hong Construction Co Ltd primarily operates in the development, sale, and leasing of residential and commercial property in Taiwan. The company derives revenue from the proceeds of lands, properties, contract fees, and rental income. The revenue from lands represents more than half of group income, followed by property revenue. The company operates through two segments. The Building segment is engaged in the construction of commercial buildings, public housings and the lease of factories. The construction segment is engaged in building and construction projects.

Chong Hong Construction Co (TPE:5534) Headlines

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