Country Garden Services Holdings Co (HKSE:06098) Days Payable : 68.62 (As of Dec. 2023)

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What is Country Garden Services Holdings Co Days Payable?

Country Garden Services Holdings Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$7,528 Mil. Country Garden Services Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$20,021 Mil. Hence, Country Garden Services Holdings Co's Days Payable for the six months ended in Dec. 2023 was 68.62.

The historical rank and industry rank for Country Garden Services Holdings Co's Days Payable or its related term are showing as below:

HKSE:06098' s Days Payable Range Over the Past 10 Years
Min: 31.52 Med: 50.89 Max: 71.74
Current: 71.34

During the past 9 years, Country Garden Services Holdings Co's highest Days Payable was 71.74. The lowest was 31.52. And the median was 50.89.

HKSE:06098's Days Payable is ranked worse than
58.67% of 1575 companies
in the Real Estate industry
Industry Median: 96.91 vs HKSE:06098: 71.34

Country Garden Services Holdings Co's Days Payable increased from Dec. 2022 (62.94) to Dec. 2023 (68.62). It may suggest that Country Garden Services Holdings Co delayed paying its suppliers.

Country Garden Services Holdings Co Days Payable Historical Data

The historical data trend for Country Garden Services Holdings 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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Country Garden Services Holdings Co Days Payable Chart

Country Garden Services Holdings Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.89

63.12

60.27

63.97

71.74

Country Garden Services Holdings Co 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											52.94	60.99	62.94	74.11	68.62

Competitive Comparison of Country Garden Services Holdings Co's Days Payable

For the Real Estate Services subindustry, Country Garden Services Holdings 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.

Country Garden Services Holdings Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, Country Garden Services Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Country Garden Services Holdings Co's Days Payable falls into.

Country Garden Services Holdings 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.

Country Garden Services Holdings 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
=	( (6674.125	+	7893.014)	/	2 )	/	37056.752	*	365
=	7283.5695					/	37056.752	*	365
=	71.74

Country Garden Services Holdings 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
=	( (7162.3	+	7893.014)	/	2 )	/	20020.645	*	365 / 2
=	7527.657					/	20020.645	*	365 / 2
=	68.62

Country Garden Services Holdings Co Days Payable Related Terms

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Country Garden Services Holdings Co (HKSE:06098) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Country Garden Services Holdings Co Ltd (HKSE:06098) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CGSHY:USA CTRGF:USA 75H:Germany

Address

West Building of Country Garden Office, Beijiao Town, Shunde District, Guangdong Province, Foshan, CHN, 528312

Website

http://www.bgyfw.com

Country Garden Services was listed on the Hong Kong Stock Exchange in June 2018 as a spinoff via introduction by sister developer Country Garden Holdings. As of June 2022, Yang Huiyan, chairperson of CGH, was also the largest shareholder of CGS with 43% ownership. CGS was the top residential property management firm in China in revenue and gross floor area under management for 2022. This is mainly ascribed to scalable projects contributed by CGH and rising acquisitions of third-party property management peers. In addition, CGS provides value-added services to developers and homeowners, and city services on public space sanitation and greening.

Country Garden Services Holdings Co (HKSE:06098) Headlines

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