Guangdong Highsun Group Co (SZSE:000861) Days Payable : 148.08 (As of Mar. 2024)

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What is Guangdong Highsun Group Co Days Payable?

Guangdong Highsun Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥192.4 Mil. Guangdong Highsun Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥118.6 Mil. Hence, Guangdong Highsun Group Co's Days Payable for the three months ended in Mar. 2024 was 148.08.

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

SZSE:000861' s Days Payable Range Over the Past 10 Years
Min: 24.16 Med: 68.62 Max: 281.57
Current: 137.21

During the past 13 years, Guangdong Highsun Group Co's highest Days Payable was 281.57. The lowest was 24.16. And the median was 68.62.

SZSE:000861's Days Payable is ranked better than
60.95% of 1575 companies
in the Real Estate industry
Industry Median: 96.91 vs SZSE:000861: 137.21

Guangdong Highsun Group Co's Days Payable declined from Mar. 2023 (153.20) to Mar. 2024 (148.08). It may suggest that Guangdong Highsun Group Co accelerated paying its suppliers.

Guangdong Highsun Group Co Days Payable Historical Data

The historical data trend for Guangdong Highsun Group 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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Guangdong Highsun Group Co Days Payable Chart

Guangdong Highsun Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.85

281.57

132.09

100.21

147.03

Guangdong Highsun Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															153.20	135.55	116.49	139.94	148.08

Competitive Comparison of Guangdong Highsun Group Co's Days Payable

For the Real Estate Services subindustry, Guangdong Highsun Group 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.

Guangdong Highsun Group Co's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Guangdong Highsun Group Co's Days Payable falls into.

Guangdong Highsun Group 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.

Guangdong Highsun Group 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
=	( (241.472	+	180.044)	/	2 )	/	523.192	*	365
=	210.758					/	523.192	*	365
=	147.03

Guangdong Highsun Group Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (180.044	+	204.852)	/	2 )	/	118.593	*	365 / 4
=	192.448					/	118.593	*	365 / 4
=	148.08

Guangdong Highsun Group Co Days Payable Related Terms

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Guangdong Highsun Group Co (SZSE:000861) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Guangdong Highsun Group Co Ltd (SZSE:000861) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Guangdong Province, No. 98 South Road, Guangzhou, CHN, 525024

Website

http://www.000861.com

Guangdong Highsun Group Co Ltd is engaged in commercial operations, financial services, and new energy. In terms of commercial operations, it covers four major formats: theme shopping malls, wholesale markets, shopping centers, and urban complexes.

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