China Merchants Land (HKSE:00978) Days Payable : 101.97 (As of Dec. 2023)

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What is China Merchants Land Days Payable?

China Merchants Land's average Accounts Payable for the six months ended in Dec. 2023 was HK$10,395 Mil. China Merchants Land's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$18,604 Mil. Hence, China Merchants Land's Days Payable for the six months ended in Dec. 2023 was 101.97.

The historical rank and industry rank for China Merchants Land's Days Payable or its related term are showing as below:

HKSE:00978' s Days Payable Range Over the Past 10 Years
Min: 107.45 Med: 147.64 Max: 207.39
Current: 129.77

During the past 13 years, China Merchants Land's highest Days Payable was 207.39. The lowest was 107.45. And the median was 147.64.

HKSE:00978's Days Payable is ranked better than
59.02% of 1574 companies
in the Real Estate industry
Industry Median: 96.755 vs HKSE:00978: 129.77

China Merchants Land's Days Payable increased from Dec. 2022 (92.87) to Dec. 2023 (101.97). It may suggest that China Merchants Land delayed paying its suppliers.

China Merchants Land Days Payable Historical Data

The historical data trend for China Merchants Land'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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China Merchants Land Days Payable Chart

China Merchants Land Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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171.97

164.49

149.21

146.06

137.71

China Merchants Land 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															108.00	151.89	92.87	176.98	101.97

Competitive Comparison of China Merchants Land's Days Payable

For the Real Estate - Diversified subindustry, China Merchants Land'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.

China Merchants Land's Days Payable Distribution in the Real Estate Industry

For the Real Estate industry and Real Estate sector, China Merchants Land's Days Payable distribution charts can be found below:

* The bar in red indicates where China Merchants Land's Days Payable falls into.

China Merchants Land 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.

China Merchants Land'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
=	( (8294.881	+	12280.978)	/	2 )	/	27268.238	*	365
=	10287.9295					/	27268.238	*	365
=	137.71

China Merchants Land'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
=	( (8509.001	+	12280.978)	/	2 )	/	18604.208	*	365 / 2
=	10394.9895					/	18604.208	*	365 / 2
=	101.97

China Merchants Land Days Payable Related Terms

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China Merchants Land (HKSE:00978) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » China Merchants Land Ltd (HKSE:00978) » Definitions » Days Payable

Traded in Other Exchanges

TNY1:Germany

Address

Nos. 168-200 Connaught Road, Room 2603 to 2606, 26th Floor, China Merchants Tower, Shun Tak Centre, Central, Hong Kong, HKG

Website

http://www.cmland.hk

China Merchants Land Ltd is an investment holding company that operates through two segments. The properties segment, which generates almost all the company's sales, is engaged in real estate development and leasing, and the Asset Management segment. Asset management segment includes office premises and shopping malls. The company operates primarily in Mainland China.

China Merchants Land (HKSE:00978) Headlines

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