SOCAM Development (HKSE:00983) Days Payable : 327.51 (As of Dec. 2023)

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What is SOCAM Development Days Payable?

SOCAM Development's average Accounts Payable for the six months ended in Dec. 2023 was HK$896 Mil. SOCAM Development's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$499 Mil. Hence, SOCAM Development's Days Payable for the six months ended in Dec. 2023 was 327.51.

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

HKSE:00983' s Days Payable Range Over the Past 10 Years
Min: 300.83 Med: 388.79 Max: 786.73
Current: 361.65

During the past 13 years, SOCAM Development's highest Days Payable was 786.73. The lowest was 300.83. And the median was 388.79.

HKSE:00983's Days Payable is ranked better than
82.97% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs HKSE:00983: 361.65

SOCAM Development's Days Payable declined from Dec. 2022 (356.07) to Dec. 2023 (327.51). It may suggest that SOCAM Development accelerated paying its suppliers.

SOCAM Development Days Payable Historical Data

The historical data trend for SOCAM 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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SOCAM Development Days Payable Chart

SOCAM Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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316.66

522.90

786.73

483.26

412.58

SOCAM Development 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															531.61	345.52	356.07	346.75	327.51

Competitive Comparison of SOCAM Development's Days Payable

For the Real Estate - Development subindustry, SOCAM 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.

SOCAM Development's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where SOCAM Development's Days Payable falls into.

SOCAM 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.

SOCAM 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
=	( (911	+	1144)	/	2 )	/	909	*	365
=	1027.5					/	909	*	365
=	412.58

SOCAM 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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (647	+	1144)	/	2 )	/	499	*	365 / 2
=	895.5					/	499	*	365 / 2
=	327.51

SOCAM Development Days Payable Related Terms

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SOCAM Development (HKSE:00983) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » SOCAM Development Ltd (HKSE:00983) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

6-8 Harbour Road, 34th Floor, Shui On Centre, Hong Kong, HKG

Website

https://www.socam.com

SOCAM Development Ltd is an investment holding company. The company along with its subsidiaries is principally engaged in property segment which includes Property development and construction and maintenance segment includes contracting ,renovation and fitting out, smart facilities management and Other businesses segment includes venture capital investment and others. The group's majority of the revenue comes from Construction and maintenance segment in which Hongkong is the major contributor when it comes to revenue.

Executives

Lo Hong Sui	2307 Founder of a discretionary trust who can infl
Lo Bo Yue, Stephanie	2501 Other
Bosrich Holdings (ptc) Inc.	2301 Trustee
Hsbc International Trustee Limited	2301 Trustee
Shui On Company Limited	2101 Beneficial owner
Chu Loletta	2202 Interest of your spouse
Right Ying Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Sun Yinhuan	2307 Founder of a discretionary trust who can infl

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