China Travel International Investment Hong Kong (HKSE:00308) Days Payable : 87.13 (As of Dec. 2023)

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What is China Travel International Investment Hong Kong Days Payable?

China Travel International Investment Hong Kong's average Accounts Payable for the six months ended in Dec. 2023 was HK$799 Mil. China Travel International Investment Hong Kong's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,673 Mil. Hence, China Travel International Investment Hong Kong's Days Payable for the six months ended in Dec. 2023 was 87.13.

The historical rank and industry rank for China Travel International Investment Hong Kong's Days Payable or its related term are showing as below:

HKSE:00308' s Days Payable Range Over the Past 10 Years
Min: 39.69 Med: 55.59 Max: 99.58
Current: 95.68

During the past 13 years, China Travel International Investment Hong Kong's highest Days Payable was 99.58. The lowest was 39.69. And the median was 55.59.

HKSE:00308's Days Payable is ranked better than
64.02% of 756 companies
in the Travel & Leisure industry
Industry Median: 59.645 vs HKSE:00308: 95.68

China Travel International Investment Hong Kong's Days Payable increased from Dec. 2022 (71.41) to Dec. 2023 (87.13). It may suggest that China Travel International Investment Hong Kong delayed paying its suppliers.

China Travel International Investment Hong Kong Days Payable Historical Data

The historical data trend for China Travel International Investment Hong Kong'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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China Travel International Investment Hong Kong Days Payable Chart

China Travel International Investment Hong Kong Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.69

65.91

65.77

95.92

99.58

China Travel International Investment Hong Kong 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															41.97	113.38	71.41	102.19	87.13

Competitive Comparison of China Travel International Investment Hong Kong's Days Payable

For the Leisure subindustry, China Travel International Investment Hong Kong'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.

China Travel International Investment Hong Kong's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, China Travel International Investment Hong Kong's Days Payable distribution charts can be found below:

* The bar in red indicates where China Travel International Investment Hong Kong's Days Payable falls into.

China Travel International Investment Hong Kong 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.

China Travel International Investment Hong Kong'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
=	( (745.001	+	880.596)	/	2 )	/	2979.093	*	365
=	812.7985					/	2979.093	*	365
=	99.58

China Travel International Investment Hong Kong'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
=	( (717.204	+	880.596)	/	2 )	/	1673.4	*	365 / 2
=	798.9					/	1673.4	*	365 / 2
=	87.13

China Travel International Investment Hong Kong Days Payable Related Terms

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China Travel International Investment Hong Kong (HKSE:00308) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » China Travel International Investment Hong Kong Ltd (HKSE:00308) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CTVIF:USA CTI:Germany

Address

78-83 Connaught Road Central, 12th Floor, CTS House, Hong Kong, HKG

Website

http://www.hkcts.com

China Travel International Investment Hong Kong Ltd is a holding company focused on leisure investments. The company has four primary divisions: travel agency and related operations, tourist attractions, hotels, and passenger transportation services. It derives revenue from its travel agency, tourist attraction, and hotel operations. Travel agency and related operations include the company's travel agency and travel document businesses. Tourist attraction operations, which comprise the largest portion of company revenue, include theme parks, resorts, and scenic destinations. Hotel operations include hotel accommodation, food, and beverage services. The company generates the vast majority of revenue in Hong Kong and mainland China.

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