New World Development Co (HKSE:00017) Days Payable : 516.20 (As of Dec. 2023)

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What is New World Development Co Days Payable?

New World Development Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$27,742 Mil. New World Development Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$9,808 Mil. Hence, New World Development Co's Days Payable for the six months ended in Dec. 2023 was 516.20.

The historical rank and industry rank for New World Development Co's Days Payable or its related term are showing as below:

HKSE:00017' s Days Payable Range Over the Past 10 Years
Min: 52.83 Med: 96.67 Max: 225.23
Current: 225.23

During the past 13 years, New World Development Co's highest Days Payable was 225.23. The lowest was 52.83. And the median was 96.67.

HKSE:00017's Days Payable is ranked better than
73.46% of 1571 companies
in the Real Estate industry
Industry Median: 96.91 vs HKSE:00017: 225.23

New World Development Co's Days Payable increased from Dec. 2022 (471.68) to Dec. 2023 (516.20). It may suggest that New World Development Co delayed paying its suppliers.

New World Development Co Days Payable Historical Data

The historical data trend for New World Development 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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New World Development Co Days Payable Chart

New World Development Co Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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85.24

101.46

85.95

85.76

52.83

New World Development Co Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															284.95	291.45	471.68	126.60	516.20

Competitive Comparison of New World Development Co's Days Payable

For the Real Estate - Diversified subindustry, New World Development 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.

New World Development Co's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, New World Development Co's Days Payable distribution charts can be found below:

* The bar in red indicates where New World Development Co's Days Payable falls into.

New World Development 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.

New World Development Co's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (10962	+	10391.5)	/	2 )	/	73764.3	*	365
=	10676.75					/	73764.3	*	365
=	52.83

New World Development 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
=	( (10391.5	+	45092.9)	/	2 )	/	9808.1	*	365 / 2
=	27742.2					/	9808.1	*	365 / 2
=	516.20

New World Development Co Days Payable Related Terms

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New World Development Co (HKSE:00017) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » New World Development Co Ltd (HKSE:00017) » Definitions » Days Payable

Traded in Other Exchanges

NDVLY:USA NWWDF:USA NWDA:Germany

Address

16-18 Queen's Road, Central, 30th Floor, New World Tower, Hong Kong, HKG

Website

https://www.nwd.com.hk

New World Development, or NWD, is the listed property arm of Chow Tai Fook, owned by the Cheng family. Chow Tai Fook owns a 45% stake in NWD, which mainly engages in residential property development and investment properties of retail malls and offices in Hong Kong and mainland China. NWD also develops high-end hotels across Hong Kong, mainland China and in Southeast Asia. Additionally, NWD holds a 75% interest in New World Department Store China, which operates 24 department stores in mainland China.

New World Development Co (HKSE:00017) Headlines

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