Edensoft Holdings (HKSE:01147) Days Payable : 72.44 (As of Dec. 2023)

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What is Edensoft Holdings Days Payable?

Edensoft Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$128.1 Mil. Edensoft Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$322.7 Mil. Hence, Edensoft Holdings's Days Payable for the six months ended in Dec. 2023 was 72.44.

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

HKSE:01147' s Days Payable Range Over the Past 10 Years
Min: 45.52 Med: 63.3 Max: 105.2
Current: 53.1

During the past 8 years, Edensoft Holdings's highest Days Payable was 105.20. The lowest was 45.52. And the median was 63.30.

HKSE:01147's Days Payable is ranked better than
51.15% of 2526 companies
in the Software industry
Industry Median: 50.42 vs HKSE:01147: 53.10

Edensoft Holdings's Days Payable increased from Dec. 2022 (62.32) to Dec. 2023 (72.44). It may suggest that Edensoft Holdings delayed paying its suppliers.

Edensoft Holdings Days Payable Historical Data

The historical data trend for Edensoft 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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Edensoft Holdings Days Payable Chart

Edensoft Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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45.52

64.40

67.95

63.97

56.55

Edensoft Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								90.01	64.19	62.32	36.63	72.44

Competitive Comparison of Edensoft Holdings's Days Payable

For the Information Technology Services subindustry, Edensoft 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.

Edensoft Holdings's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Edensoft Holdings's Days Payable distribution charts can be found below:

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

Edensoft 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.

Edensoft 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
=	( (85.726	+	157.004)	/	2 )	/	783.353	*	365
=	121.365					/	783.353	*	365
=	56.55

Edensoft 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
=	( (99.175	+	157.004)	/	2 )	/	322.697	*	365 / 2
=	128.0895					/	322.697	*	365 / 2
=	72.44

Edensoft Holdings Days Payable Related Terms

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Edensoft Holdings (HKSE:01147) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Edensoft Holdings Ltd (HKSE:01147) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hua Fu Street, 1006 Shennan Road, West, 2nd Floor, Building A, Futian Technology Square, Shenzhen International Innovation Center, Futian District, Shenzhen, CHN

Website

https://www.edensoft.com.cn

Edensoft Holdings Ltd is engaged in provision of IT infrastructure services, IT implementation and supporting services and cloud services in the PRC. Its segment includes IT infrastructure services; IT implementation and supporting services; and Cloud services. It derives key revenue from the IT infrastructure services segment that assess customers' needs and their existing IT environment and providing IT infrastructure services by advising them on the suitable hardware and software products that their IT environment would require, and procuring the relevant hardware and software products from IT products vendors and installing these IT products in customers' IT environment. It operates in Mainland China and Hong Kong, of which prime revenue is derived from Mainland China.

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