C Cheng Holdings (HKSE:01486) Days Payable : 32.77 (As of Dec. 2023)

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What is C Cheng Holdings Days Payable?

C Cheng Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$25.7 Mil. C Cheng Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$143.3 Mil. Hence, C Cheng Holdings's Days Payable for the six months ended in Dec. 2023 was 32.77.

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

HKSE:01486' s Days Payable Range Over the Past 10 Years
Min: 3.39 Med: 7.67 Max: 68.37
Current: 20.67

During the past 12 years, C Cheng Holdings's highest Days Payable was 68.37. The lowest was 3.39. And the median was 7.67.

HKSE:01486's Days Payable is ranked worse than
94.46% of 1606 companies
in the Construction industry
Industry Median: 73.785 vs HKSE:01486: 20.67

C Cheng Holdings's Days Payable increased from Dec. 2022 (17.03) to Dec. 2023 (32.77). It may suggest that C Cheng Holdings delayed paying its suppliers.

C Cheng Holdings Days Payable Historical Data

The historical data trend for C Cheng Holdings'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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C Cheng Holdings Days Payable Chart

C Cheng Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3.39

7.56

7.48

10.14

20.66

C Cheng Holdings 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															5.35	8.41	17.03	13.81	32.77

Competitive Comparison of C Cheng Holdings's Days Payable

For the Engineering & Construction subindustry, C Cheng Holdings'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.

C Cheng Holdings's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, C Cheng Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where C Cheng Holdings's Days Payable falls into.

C Cheng Holdings 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.

C Cheng Holdings'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
=	( (15.772	+	29.015)	/	2 )	/	395.708	*	365
=	22.3935					/	395.708	*	365
=	20.66

C Cheng Holdings'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
=	( (22.438	+	29.015)	/	2 )	/	143.264	*	365 / 2
=	25.7265					/	143.264	*	365 / 2
=	32.77

C Cheng Holdings Days Payable Related Terms

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C Cheng Holdings (HKSE:01486) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » C Cheng Holdings Ltd (HKSE:01486) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

15th Floor, North Tower, World Finance Centre, Harbour City, Tsim Sha Tsui, Kowloon, Hong Kong, HKG

Website

http://www.cchengholdings.com

C Cheng Holdings Ltd is a company that engages in providing architectural and Building Information Modelling (BIM) services. The company specializes in architecture, master planning, landscape design, interior design, and heritage conservation as well as Building Information Modelling. The majority of the revenue is generated from its architecture service offered across the People's Republic of China. Its segments include the comprehensive architectural services segment and the BIM services segment.

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