Greentown Management Holdings Co (Greentown Management Holdings Co) Days Payable : 6.63 (As of Dec. 2023)

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What is Greentown Management Holdings Co Days Payable?

Greentown Management Holdings Co's average Accounts Payable for the six months ended in Dec. 2023 was $4.3 Mil. Greentown Management Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $117.3 Mil. Hence, Greentown Management Holdings Co's Days Payable for the six months ended in Dec. 2023 was 6.63.

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

GRMHF' s Days Payable Range Over the Past 10 Years
Min: 3.51 Med: 9.15 Max: 22.85
Current: 5.94

During the past 7 years, Greentown Management Holdings Co's highest Days Payable was 22.85. The lowest was 3.51. And the median was 9.15.

GRMHF's Days Payable is ranked worse than
95.95% of 1579 companies
in the Real Estate industry
Industry Median: 101.48 vs GRMHF: 5.94

Greentown Management Holdings Co's Days Payable increased from Dec. 2022 (5.03) to Dec. 2023 (6.63). It may suggest that Greentown Management Holdings Co delayed paying its suppliers.

Greentown Management Holdings Co Days Payable Historical Data

The historical data trend for Greentown Management 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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Greentown Management Holdings Co Days Payable Chart

Greentown Management Holdings Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.75

9.13

4.91

3.51

5.82

Greentown Management Holdings Co Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							2.81	3.95	5.03	5.30	6.63

Competitive Comparison of Greentown Management Holdings Co's Days Payable

For the Real Estate Services subindustry, Greentown Management 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.

Greentown Management Holdings Co's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Greentown Management Holdings Co's Days Payable falls into.

Greentown Management 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.

Greentown Management 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
=	( (2.28	+	4.772)	/	2 )	/	221.299	*	365
=	3.526					/	221.299	*	365
=	5.82

Greentown Management 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
=	( (3.749	+	4.772)	/	2 )	/	117.261	*	365 / 2
=	4.2605					/	117.261	*	365 / 2
=	6.63

Greentown Management Holdings Co Days Payable Related Terms

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Greentown Management Holdings Co (Greentown Management Holdings Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Management Holdings Co Ltd (OTCPK:GRMHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

09979:Hong Kong

Address

767 Wen Yi West Road, Xixi International, 9th Floor, Block C, Xihu District, Zhejiang, Hangzhou, CHN

Website

https://www.lcgljt.com

Greentown Management Holdings Co Ltd is the project management company in the PRC. The company's operating segments are Commercial Project Management, Government Project Management, and Other Services. The firm generates a majority of its revenue from Commercial project management which is engaged in providing property development management service to project owner; Governmental project management provides property development management service to the government on resettlement housing property development projects and public infrastructure.

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