China Overseas Land & Investment (HKSE:00688) Days Payable : 135.01 (As of Dec. 2023)

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What is China Overseas Land & Investment Days Payable?

China Overseas Land & Investment's average Accounts Payable for the six months ended in Dec. 2023 was HK$74,740 Mil. China Overseas Land & Investment's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$101,029 Mil. Hence, China Overseas Land & Investment's Days Payable for the six months ended in Dec. 2023 was 135.01.

The historical rank and industry rank for China Overseas Land & Investment's Days Payable or its related term are showing as below:

HKSE:00688' s Days Payable Range Over the Past 10 Years
Min: 103.44 Med: 158.93 Max: 199.72
Current: 156.28

During the past 13 years, China Overseas Land & Investment's highest Days Payable was 199.72. The lowest was 103.44. And the median was 158.93.

HKSE:00688's Days Payable is ranked better than
63.7% of 1573 companies
in the Real Estate industry
Industry Median: 97.5 vs HKSE:00688: 156.28

China Overseas Land & Investment's Days Payable declined from Dec. 2022 (214.10) to Dec. 2023 (135.01). It may suggest that China Overseas Land & Investment accelerated paying its suppliers.

China Overseas Land & Investment Days Payable Historical Data

The historical data trend for China Overseas Land & Investment'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 Overseas Land & Investment Days Payable Chart

China Overseas Land & Investment Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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172.74

175.46

146.92

199.72

164.66

China Overseas Land & Investment 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															124.01	179.01	214.10	174.96	135.01

Competitive Comparison of China Overseas Land & Investment's Days Payable

For the Real Estate - Development subindustry, China Overseas Land & Investment'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 Overseas Land & Investment's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Overseas Land & Investment's Days Payable distribution charts can be found below:

* The bar in red indicates where China Overseas Land & Investment's Days Payable falls into.

China Overseas Land & Investment 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 Overseas Land & Investment'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
=	( (77243.149	+	82009.323)	/	2 )	/	176504.484	*	365
=	79626.236					/	176504.484	*	365
=	164.66

China Overseas Land & Investment'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
=	( (67470.739	+	82009.323)	/	2 )	/	101028.659	*	365 / 2
=	74740.031					/	101028.659	*	365 / 2
=	135.01

China Overseas Land & Investment Days Payable Related Terms

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China Overseas Land & Investment (HKSE:00688) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Overseas Land & Investment Ltd (HKSE:00688) » Definitions » Days Payable

Traded in Other Exchanges

CAOVY:USA CAOVF:USA CPP:Germany

Address

1 Queen's Road East, 10th Floor, Three Pacific Place, Hong Kong, HKG

Website

http://www.coli.com.hk

China Overseas Land & Investment, or COLI, is a large real estate developer in China. Property development accounts for most of the core earnings, with operating scale among the top five of all peers regarding contracted sales. In addition to property development, COLI has actively grown its commercial property portfolio, with a dual focus on offices and shopping malls for recurring income. COLI is a subsidiary of China State Construction Engineering, China's largest construction firm. It also holds a 39.6% stake in China Overseas Grand Oceans, a real estate developer focusing on lower-tier cities in China.

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