Greentown Service Group Co (HKSE:02869) Days Payable : 45.74 (As of Dec. 2023)

View and export this data going back to 2016. Start your Free Trial

What is Greentown Service Group Co Days Payable?

Greentown Service Group Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$2,142 Mil. Greentown Service Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$8,545 Mil. Hence, Greentown Service Group Co's Days Payable for the six months ended in Dec. 2023 was 45.74.

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

HKSE:02869' s Days Payable Range Over the Past 10 Years
Min: 2.82 Med: 30.03 Max: 54.11
Current: 51.47

During the past 11 years, Greentown Service Group Co's highest Days Payable was 54.11. The lowest was 2.82. And the median was 30.03.

HKSE:02869's Days Payable is ranked worse than
69.56% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs HKSE:02869: 51.47

Greentown Service Group Co's Days Payable increased from Dec. 2022 (44.27) to Dec. 2023 (45.74). It may suggest that Greentown Service Group Co delayed paying its suppliers.

Greentown Service Group Co Days Payable Historical Data

The historical data trend for Greentown Service Group 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.

* Premium members only.

Greentown Service Group Co Days Payable Chart

Greentown Service Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

34.64

37.60

38.62

51.79

54.11

Greentown Service Group Co Semi-Annual Data
	Dec13	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															32.74	40.57	44.27	55.31	45.74

Competitive Comparison of Greentown Service Group Co's Days Payable

For the Real Estate Services subindustry, Greentown Service Group 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 Service Group Co's Days Payable Distribution in the Real Estate Industry

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

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

Greentown Service Group 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 Service Group 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
=	( (2416.094	+	2279.967)	/	2 )	/	15837.794	*	365
=	2348.0305					/	15837.794	*	365
=	54.11

Greentown Service Group 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
=	( (2003.842	+	2279.967)	/	2 )	/	8545.214	*	365 / 2
=	2141.9045					/	8545.214	*	365 / 2
=	45.74

Greentown Service Group Co Days Payable Related Terms

Thank you for viewing the detailed overview of Greentown Service Group Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Greentown Service Group Co (HKSE:02869) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Greentown Service Group Co Ltd (HKSE:02869) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.767 West Wenyi Road, Block B, Xixi International Business Center, Zhejiang Province, Hangzhou, CHN

Website

https://www.lvchengfuwu.com

Greentown Service Group, or GSG, is the sister company of property developer Greentown China. GSG is one of the first China property management firms listed in Hong Kong since July 2016. Headquartered in Hangzhou, GSG is a leading service provider in the Yangtze River Delta focusing on high-end residential properties, with core property management contributing to more than 60% of GSG's revenue. Other key earnings contributors include community value added services and project consultancy services to developers. The founding shareholders, who also control Greentown China, collectively own over a 40% stake in GSG in 2022. China property developer Longfor Group holds around 9% equity interest in GSG.

Greentown Service Group Co (HKSE:02869) Headlines

No Headlines