Redsun Properties Group (HKSE:01996) Days Payable : 82.00 (As of Dec. 2023)

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What is Redsun Properties Group Days Payable?

Redsun Properties Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$7,102 Mil. Redsun Properties Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$15,807 Mil. Hence, Redsun Properties Group's Days Payable for the six months ended in Dec. 2023 was 82.00.

The historical rank and industry rank for Redsun Properties Group's Days Payable or its related term are showing as below:

HKSE:01996' s Days Payable Range Over the Past 10 Years
Min: 107.82 Med: 142.52 Max: 325.89
Current: 121.86

During the past 9 years, Redsun Properties Group's highest Days Payable was 325.89. The lowest was 107.82. And the median was 142.52.

HKSE:01996's Days Payable is ranked better than
56.39% of 1580 companies
in the Real Estate industry
Industry Median: 98.245 vs HKSE:01996: 121.86

Redsun Properties Group's Days Payable declined from Dec. 2022 (172.77) to Dec. 2023 (82.00). It may suggest that Redsun Properties Group accelerated paying its suppliers.

Redsun Properties Group Days Payable Historical Data

The historical data trend for Redsun Properties Group'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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Redsun Properties Group Days Payable Chart

Redsun Properties Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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125.21

125.86

107.82

146.32

126.11

Redsun Properties Group Semi-Annual Data
	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											109.91	115.40	172.77	210.46	82.00

Competitive Comparison of Redsun Properties Group's Days Payable

For the Real Estate - Development subindustry, Redsun Properties Group'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.

Redsun Properties Group's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Redsun Properties Group's Days Payable falls into.

Redsun Properties Group 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.

Redsun Properties Group'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
=	( (8215.221	+	7251.607)	/	2 )	/	22383.541	*	365
=	7733.414					/	22383.541	*	365
=	126.11

Redsun Properties Group'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
=	( (6952.513	+	7251.607)	/	2 )	/	15807.255	*	365 / 2
=	7102.06					/	15807.255	*	365 / 2
=	82.00

Redsun Properties Group Days Payable Related Terms

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Redsun Properties Group (HKSE:01996) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Redsun Properties Group Ltd (HKSE:01996) » Definitions » Days Payable

Traded in Other Exchanges

0RJ:Germany

Address

No. 9 Daqiao North Road, 26th Floor, Hong Yang Building, Pukou District, Jiangsu Province, Nanjing, CHN

Website

https://www.rsunproperty.hk

Redsun Properties Group Ltd is a China-based company engages in the property development business. It's business operations consist of three principal business segments: Property Development and Sales; Commercial Property Investment and Operations; and Hotel Operations. The company derived its revenue from sale of its developed residential properties and supporting retail properties, rental income from the investment in and operation of commercial properties, and service fee income from its hotel operaTions.

Executives

Hong Yang Group (holdings) Limited	2201 Interest of corporation controlled by you
Hong Yang Group Company Limited	2201 Interest of corporation controlled by you
Hong Yang International Limited	2201 Interest of corporation controlled by you
Redsun Properties Group (holdings) Limited	2101 Beneficial owner
Chen Sihong	2202 Interest of your spouse
Zeng Huansha	2201 Interest of corporation controlled by you

Redsun Properties Group (HKSE:01996) Headlines

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