Kangqiao Service Group (HKSE:02205) Days Payable : 37.10 (As of Dec. 2023)

View and export this data going back to 2021. Start your Free Trial

What is Kangqiao Service Group Days Payable?

Kangqiao Service Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$85 Mil. Kangqiao Service Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$416 Mil. Hence, Kangqiao Service Group's Days Payable for the six months ended in Dec. 2023 was 37.10.

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

HKSE:02205' s Days Payable Range Over the Past 10 Years
Min: 27.37 Med: 35.19 Max: 44.78
Current: 39.35

During the past 6 years, Kangqiao Service Group's highest Days Payable was 44.78. The lowest was 27.37. And the median was 35.19.

HKSE:02205's Days Payable is ranked worse than
75.74% of 1579 companies
in the Real Estate industry
Industry Median: 98.03 vs HKSE:02205: 39.35

Kangqiao Service Group's Days Payable increased from Dec. 2022 (36.86) to Dec. 2023 (37.10). It may suggest that Kangqiao Service Group delayed paying its suppliers.

Kangqiao Service Group Days Payable Historical Data

The historical data trend for Kangqiao Service 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.

* Premium members only.

Kangqiao Service Group Days Payable Chart

Kangqiao Service Group Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

27.37

33.67

36.70

44.78

41.05

Kangqiao Service Group Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					36.58	43.81	36.86	40.09	37.10

Competitive Comparison of Kangqiao Service Group's Days Payable

For the Real Estate Services subindustry, Kangqiao Service 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.

Kangqiao Service Group's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Kangqiao Service Group's Days Payable falls into.

Kangqiao Service 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.

Kangqiao Service 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
=	( (83.185	+	92.299)	/	2 )	/	780.215	*	365
=	87.742					/	780.215	*	365
=	41.05

Kangqiao Service 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
=	( (76.839	+	92.299)	/	2 )	/	416.021	*	365 / 2
=	84.569					/	416.021	*	365 / 2
=	37.10

Kangqiao Service Group Days Payable Related Terms

Thank you for viewing the detailed overview of Kangqiao Service Group's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Kangqiao Service Group (HKSE:02205) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Kangqiao Service Group Ltd (HKSE:02205) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Daxue Road, 24F, Huacheng International Center, Erqi District, Henan Province, Zhengzhou, CHN

Website

http://www.kqysh.com.cn

Kangqiao Service Group Ltd is a reputable comprehensive property managements service provider. The group is principally engaged in provision of property management services, related value-added services and city services in the PRC. The company has derived all of its revenue from the PRC. The group derives majority of its revenue from Property management services.

Executives

Dong Yanxia
Hung Fai Property Limited
Trident Trust Company (south Dakota) Inc.
Song Gewei
Kang Qiao Yue Sheng Huo Kong Gu You Xian Gong Si

Kangqiao Service Group (HKSE:02205) Headlines

No Headlines