Lvgem (China) Real Estate Investment Co (HKSE:00095) Days Payable : 217.24 (As of Dec. 2023)

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What is Lvgem (China) Real Estate Investment Co Days Payable?

Lvgem (China) Real Estate Investment Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$4,924 Mil. Lvgem (China) Real Estate Investment Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,136 Mil. Hence, Lvgem (China) Real Estate Investment Co's Days Payable for the six months ended in Dec. 2023 was 217.24.

The historical rank and industry rank for Lvgem (China) Real Estate Investment Co's Days Payable or its related term are showing as below:

HKSE:00095' s Days Payable Range Over the Past 10 Years
Min: 152.51 Med: 230.64 Max: 1317.38
Current: 390.26

During the past 13 years, Lvgem (China) Real Estate Investment Co's highest Days Payable was 1317.38. The lowest was 152.51. And the median was 230.64.

HKSE:00095's Days Payable is ranked better than
83.79% of 1579 companies
in the Real Estate industry
Industry Median: 98.32 vs HKSE:00095: 390.26

Lvgem (China) Real Estate Investment Co's Days Payable declined from Dec. 2022 (1,092.66) to Dec. 2023 (217.24). It may suggest that Lvgem (China) Real Estate Investment Co accelerated paying its suppliers.

Lvgem (China) Real Estate Investment Co Days Payable Historical Data

The historical data trend for Lvgem (China) Real Estate Investment 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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Lvgem (China) Real Estate Investment Co Days Payable Chart

Lvgem (China) Real Estate Investment Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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186.34

152.51

405.43

1,317.38

425.37

Lvgem (China) Real Estate Investment Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															433.54	981.97	1,092.66	1,146.46	217.24

Competitive Comparison of Lvgem (China) Real Estate Investment Co's Days Payable

For the Real Estate - Development subindustry, Lvgem (China) Real Estate Investment 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.

Lvgem (China) Real Estate Investment Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Lvgem (China) Real Estate Investment Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Lvgem (China) Real Estate Investment Co's Days Payable falls into.

Lvgem (China) Real Estate Investment 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.

Lvgem (China) Real Estate Investment 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
=	( (6085.933	+	5491.739)	/	2 )	/	4967.259	*	365
=	5788.836					/	4967.259	*	365
=	425.37

Lvgem (China) Real Estate Investment Co'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (4355.404	+	5491.739)	/	2 )	/	4136.206	*	365 / 2
=	4923.5715					/	4136.206	*	365 / 2
=	217.24

Lvgem (China) Real Estate Investment Co Days Payable Related Terms

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Lvgem (China) Real Estate Investment Co (HKSE:00095) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Lvgem (China) Real Estate Investment Co Ltd (HKSE:00095) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

123 Hoi Bun Road, Unit 2501, NEO, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.lvgem-china.com

Lvgem (China) Real Estate Investment Co Ltd is a real estate developer and a commercial property operator. The company's reportable segments are 1) Real estate development and sales segment include sales of properties, 2) Commercial property investment and operations segment include lease of commercial properties, office premises, apartments and car parks, 3) Comprehensive services segment includes hotel operation, property management service and other service income. The majority of its revenue is earned through Real estate development and sales segment. The Company's operations are located in the Mainland China, Hong Kong, the United States of America and Cambodia.

Executives

Wong Hong King
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