Evergrande Property Services Group (HKSE:06666) Days Payable : 62.92 (As of Dec. 2023)

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What is Evergrande Property Services Group Days Payable?

Evergrande Property Services Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,784 Mil. Evergrande Property Services Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$5,176 Mil. Hence, Evergrande Property Services Group's Days Payable for the six months ended in Dec. 2023 was 62.92.

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

HKSE:06666' s Days Payable Range Over the Past 10 Years
Min: 39.75 Med: 65.56 Max: 93.5
Current: 67.68

During the past 7 years, Evergrande Property Services Group's highest Days Payable was 93.50. The lowest was 39.75. And the median was 65.56.

HKSE:06666's Days Payable is ranked worse than
60.56% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs HKSE:06666: 67.68

Evergrande Property Services Group's Days Payable declined from Dec. 2022 (83.92) to Dec. 2023 (62.92). It may suggest that Evergrande Property Services Group accelerated paying its suppliers.

Evergrande Property Services Group Days Payable Historical Data

The historical data trend for Evergrande Property Services 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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Evergrande Property Services Group Days Payable Chart

Evergrande Property Services Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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63.27

93.50

86.21

85.57

65.56

Evergrande Property Services Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							85.12	89.80	83.92	74.66	62.92

Competitive Comparison of Evergrande Property Services Group's Days Payable

For the Real Estate Services subindustry, Evergrande Property Services 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.

Evergrande Property Services Group's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Evergrande Property Services Group's Days Payable falls into.

Evergrande Property Services 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.

Evergrande Property Services 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
=	( (2136.726	+	1548.099)	/	2 )	/	10257.563	*	365
=	1842.4125					/	10257.563	*	365
=	65.56

Evergrande Property Services 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
=	( (2020.816	+	1548.099)	/	2 )	/	5175.918	*	365 / 2
=	1784.4575					/	5175.918	*	365 / 2
=	62.92

Evergrande Property Services Group Days Payable Related Terms

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Evergrande Property Services Group (HKSE:06666) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Evergrande Property Services Group Ltd (HKSE:06666) » Definitions » Days Payable

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EVGPF:USA

Address

No. 78, Huangpu Avenue West, Third Compartment of Room 3101, Tianhe District, Guangdong, Guangzhou, CHN, 510660

Website

https://www.evergrandeservice.com

Evergrande Property Services Group Ltd is a property management service providers in China. It manages a diverse portfolio of properties, including mid- to high-end residential properties, office buildings and commercial properties. Further, it also manages other types of properties such as theme parks, industrial parks, healthcare complexes, themed towns and schools, among others.

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