Hagag Group Real Estate Development (XTAE:HGG) Days Payable : 1.16 (As of Dec. 2023)

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What is Hagag Group Real Estate Development Days Payable?

Hagag Group Real Estate Development's average Accounts Payable for the three months ended in Dec. 2023 was ₪3.4 Mil. Hagag Group Real Estate Development's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪269.9 Mil. Hence, Hagag Group Real Estate Development's Days Payable for the three months ended in Dec. 2023 was 1.16.

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

XTAE:HGG' s Days Payable Range Over the Past 10 Years
Min: 2.5 Med: 6.13 Max: 110.51
Current: 3.19

During the past 11 years, Hagag Group Real Estate Development's highest Days Payable was 110.51. The lowest was 2.50. And the median was 6.13.

XTAE:HGG's Days Payable is ranked worse than
97.71% of 1575 companies
in the Real Estate industry
Industry Median: 96.91 vs XTAE:HGG: 3.19

Hagag Group Real Estate Development's Days Payable declined from Dec. 2022 (8.23) to Dec. 2023 (1.16). It may suggest that Hagag Group Real Estate Development accelerated paying its suppliers.

Hagag Group Real Estate Development Days Payable Historical Data

The historical data trend for Hagag Group Real Estate Development'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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Hagag Group Real Estate Development Days Payable Chart

Hagag Group Real Estate Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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9.56

5.11

7.15

7.96

3.39

Hagag Group Real Estate Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															8.23	9.88	7.35	9.69	1.16

Competitive Comparison of Hagag Group Real Estate Development's Days Payable

For the Real Estate Services subindustry, Hagag Group Real Estate Development'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.

Hagag Group Real Estate Development's Days Payable Distribution in the Real Estate Industry

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

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

Hagag Group Real Estate Development 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.

Hagag Group Real Estate Development'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
=	( (3.423	+	3.319)	/	2 )	/	362.868	*	365
=	3.371					/	362.868	*	365
=	3.39

Hagag Group Real Estate Development'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (3.537	+	3.319)	/	2 )	/	269.871	*	365 / 4
=	3.428					/	269.871	*	365 / 4
=	1.16

Hagag Group Real Estate Development Days Payable Related Terms

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Hagag Group Real Estate Development (XTAE:HGG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Hagag Group Real Estate Development Ltd (XTAE:HGG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

30 Ha'arba'a Street, Ha'arba'a Towers (Southern Tower), Tel Aviv, ISR, 67021

Website

http://hagag-group.co.il

Hagag Group Real Estate Development Ltd. is engaged in the development, management and marketing of residential and commercial real estates. The company's projects include North Star - Meir Yaari 11, Master Piece - Netanya, Port TLV, H - Shadal, H-Tower Recital, Ha'gush Ha'gadol Einstein BLVD and H Bar Kohva Tower.

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