Poly Developments and Holdings Group Co (SHSE:600048) Days Payable : 361.06 (As of Mar. 2024)

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What is Poly Developments and Holdings Group Co Days Payable?

Poly Developments and Holdings Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥160,162 Mil. Poly Developments and Holdings Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥40,477 Mil. Hence, Poly Developments and Holdings Group Co's Days Payable for the three months ended in Mar. 2024 was 361.06.

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

SHSE:600048' s Days Payable Range Over the Past 10 Years
Min: 101.63 Med: 177.7 Max: 294.57
Current: 181.34

During the past 13 years, Poly Developments and Holdings Group Co's highest Days Payable was 294.57. The lowest was 101.63. And the median was 177.70.

SHSE:600048's Days Payable is ranked better than
68.42% of 1577 companies
in the Real Estate industry
Industry Median: 96.82 vs SHSE:600048: 181.34

Poly Developments and Holdings Group Co's Days Payable declined from Mar. 2023 (444.86) to Mar. 2024 (361.06). It may suggest that Poly Developments and Holdings Group Co accelerated paying its suppliers.

Poly Developments and Holdings Group Co Days Payable Historical Data

The historical data trend for Poly Developments and Holdings 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.

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Poly Developments and Holdings Group Co Days Payable Chart

Poly Developments and Holdings Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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194.86

294.57

254.62

251.66

210.77

Poly Developments and Holdings Group Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															444.86	169.40	274.15	105.78	361.06

Competitive Comparison of Poly Developments and Holdings Group Co's Days Payable

For the Real Estate - Development subindustry, Poly Developments and Holdings 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.

Poly Developments and Holdings Group Co's Days Payable Distribution in the Real Estate Industry

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

* The bar in red indicates where Poly Developments and Holdings Group Co's Days Payable falls into.

Poly Developments and Holdings 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.

Poly Developments and Holdings 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
=	( (162703.917	+	173733.915)	/	2 )	/	291308.02	*	365
=	168218.916					/	291308.02	*	365
=	210.77

Poly Developments and Holdings Group Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (173733.915	+	146589.512)	/	2 )	/	40477.325	*	365 / 4
=	160161.7135					/	40477.325	*	365 / 4
=	361.06

Poly Developments and Holdings Group Co Days Payable Related Terms

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Poly Developments and Holdings Group Co (SHSE:600048) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » Real Estate » Poly Developments and Holdings Group Co Ltd (SHSE:600048) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 688 Yuejiang Middle Road, Poly International Square North Tower, 30-33 Layer, Haizhu District, Guangdong Province, Guangzhou, CHN, 510308

Website

http://www.polycn.com

Poly Developments and Holdings is a large real estate developer in China. It is ranked number five by sales value among all Chinese developers in 2019. It has over 600 projects across 100 cities. Property development accounts for 95% of earnings, with property investments and finance income contributing the rest. The company is a subsidiary of China Poly Group, a prominent central-government-controlled state-owned enterprise with ties to the military. China Poly Group holds an aggregate controlling stake of 41% in the company.

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