Ronshine Service Holding Co (HKSE:02207) Days Payable : 80.16 (As of Dec. 2023)

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What is Ronshine Service Holding Co Days Payable?

Ronshine Service Holding Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$180.2 Mil. Ronshine Service Holding Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$410.2 Mil. Hence, Ronshine Service Holding Co's Days Payable for the six months ended in Dec. 2023 was 80.16.

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

HKSE:02207' s Days Payable Range Over the Past 10 Years
Min: 28.76 Med: 32.44 Max: 83.18
Current: 79.94

During the past 6 years, Ronshine Service Holding Co's highest Days Payable was 83.18. The lowest was 28.76. And the median was 32.44.

HKSE:02207's Days Payable is ranked worse than
55.86% of 1579 companies
in the Real Estate industry
Industry Median: 98.03 vs HKSE:02207: 79.94

Ronshine Service Holding Co's Days Payable increased from Dec. 2022 (61.37) to Dec. 2023 (80.16). It may suggest that Ronshine Service Holding Co delayed paying its suppliers.

Ronshine Service Holding Co Days Payable Historical Data

The historical data trend for Ronshine Service Holding Co'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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Ronshine Service Holding Co Days Payable Chart

Ronshine Service Holding Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

32.51

28.76

30.58

57.85

83.18

Ronshine Service Holding Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					32.63	44.09	61.37	76.36	80.16

Competitive Comparison of Ronshine Service Holding Co's Days Payable

For the Real Estate Services subindustry, Ronshine Service Holding Co'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.

Ronshine Service Holding Co's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Ronshine Service Holding Co's Days Payable falls into.

Ronshine Service Holding Co 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.

Ronshine Service Holding Co'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
=	( (163.397	+	199.911)	/	2 )	/	797.13	*	365
=	181.654					/	797.13	*	365
=	83.18

Ronshine Service Holding Co'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
=	( (160.418	+	199.911)	/	2 )	/	410.159	*	365 / 2
=	180.1645					/	410.159	*	365 / 2
=	80.16

Ronshine Service Holding Co Days Payable Related Terms

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Ronshine Service Holding Co (HKSE:02207) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Ronshine Service Holding Co Ltd (HKSE:02207) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 226 Panyang Road, Room 401-3, Building No. 6, Minhang District, Shanghai, CHN

Website

http://www.rxswy.com

Ronshine Service Holding Co Ltd is principally engaged in the provision of property management services and related value-added services, including pre-delivery services, household assistance services, sales services, and other services in China. The company derives a majority of its revenue from the People's Republic of China.

Executives

Ou Zonghong	2307 Founder of a discretionary trust who can infl
Hsbc International Trustee Limited	2301 Trustee
Rongan Juxiang Co., Ltd	2201 Interest of corporation controlled by you
Rongxin Yipin Co., Ltd	2101 Beneficial owner
Fumei International Co., Ltd	2101 Beneficial owner

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