GreenTree Hospitality Group (GreenTree Hospitality Group) Days Payable : 35.70 (As of Dec. 2023)

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What is GreenTree Hospitality Group Days Payable?

GreenTree Hospitality Group's average Accounts Payable for the three months ended in Dec. 2023 was $11.6 Mil. GreenTree Hospitality Group's Cost of Goods Sold for the three months ended in Dec. 2023 was $29.6 Mil. Hence, GreenTree Hospitality Group's Days Payable for the three months ended in Dec. 2023 was 35.70.

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

GHG' s Days Payable Range Over the Past 10 Years
Min: 10.45 Med: 12.08 Max: 39.22
Current: 39.22

During the past 9 years, GreenTree Hospitality Group's highest Days Payable was 39.22. The lowest was 10.45. And the median was 12.08.

GHG's Days Payable is ranked worse than
65.43% of 752 companies
in the Travel & Leisure industry
Industry Median: 59.595 vs GHG: 39.22

GreenTree Hospitality Group's Days Payable increased from Sep. 2022 (7.65) to Dec. 2023 (35.70). It may suggest that GreenTree Hospitality Group delayed paying its suppliers.

GreenTree Hospitality Group Days Payable Historical Data

The historical data trend for GreenTree Hospitality 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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GreenTree Hospitality Group Days Payable Chart

GreenTree Hospitality Group Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.28

15.39

12.08

14.46

18.18

GreenTree Hospitality Group Quarterly Data
	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															7.65	-	25.14	38.71	35.70

Competitive Comparison of GreenTree Hospitality Group's Days Payable

For the Lodging subindustry, GreenTree Hospitality 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.

GreenTree Hospitality Group's Days Payable Distribution in the Travel & Leisure Industry

For the Travel & Leisure industry and Consumer Cyclical sector, GreenTree Hospitality Group's Days Payable distribution charts can be found below:

* The bar in red indicates where GreenTree Hospitality Group's Days Payable falls into.

GreenTree Hospitality 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.

GreenTree Hospitality 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
=	( (2.976	+	10.242)	/	2 )	/	132.691	*	365
=	6.609					/	132.691	*	365
=	18.18

GreenTree Hospitality 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (12.945	+	10.242)	/	2 )	/	29.634	*	365 / 4
=	11.5935					/	29.634	*	365 / 4
=	35.70

GreenTree Hospitality Group Days Payable Related Terms

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GreenTree Hospitality Group (GreenTree Hospitality Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » GreenTree Hospitality Group Ltd (NYSE:GHG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

GT1A:Germany

Address

1228 Zhongshan North Road, Putuo District, Shanghai, CHN, 200065

Website

https://www.998.com

GreenTree Hospitality Group Ltd is a franchised hotel operator in China as franchised and managed hotels represent almost all the hotels in its hotel network. The hotel network of the company comprised approximately 4,059 hotels with nearly 302,497 rooms in China, covering all centrally administrated municipalities and cities throughout all provinces and autonomous regions in China. The company operates its hotels under GreenTree Inns, GreenTree Eastern, Gme, Gya and VX, GreenTree Alliance, Vatica, and others. The company operates solely in China and generates all its revenue from China itself.