China ITS (Holdings) Co (HKSE:01900) Days Payable : 209.27 (As of Dec. 2023)

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What is China ITS (Holdings) Co Days Payable?

China ITS (Holdings) Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$396.6 Mil. China ITS (Holdings) Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$345.9 Mil. Hence, China ITS (Holdings) Co's Days Payable for the six months ended in Dec. 2023 was 209.27.

The historical rank and industry rank for China ITS (Holdings) Co's Days Payable or its related term are showing as below:

HKSE:01900' s Days Payable Range Over the Past 10 Years
Min: 165.44 Med: 256.99 Max: 365.52
Current: 240.75

During the past 13 years, China ITS (Holdings) Co's highest Days Payable was 365.52. The lowest was 165.44. And the median was 256.99.

HKSE:01900's Days Payable is ranked better than
85.62% of 2532 companies
in the Software industry
Industry Median: 50.275 vs HKSE:01900: 240.75

China ITS (Holdings) Co's Days Payable increased from Dec. 2022 (151.60) to Dec. 2023 (209.27). It may suggest that China ITS (Holdings) Co delayed paying its suppliers.

China ITS (Holdings) Co Days Payable Historical Data

The historical data trend for China ITS (Holdings) 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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China ITS (Holdings) Co Days Payable Chart

China ITS (Holdings) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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232.65

165.44

233.08

259.27

260.27

China ITS (Holdings) Co 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															184.78	390.46	151.60	263.80	209.27

Competitive Comparison of China ITS (Holdings) Co's Days Payable

For the Information Technology Services subindustry, China ITS (Holdings) 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.

China ITS (Holdings) Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, China ITS (Holdings) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China ITS (Holdings) Co's Days Payable falls into.

China ITS (Holdings) 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.

China ITS (Holdings) 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
=	( (344.56	+	475.493)	/	2 )	/	575.011	*	365
=	410.0265					/	575.011	*	365
=	260.27

China ITS (Holdings) 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
=	( (317.778	+	475.493)	/	2 )	/	345.902	*	365 / 2
=	396.6355					/	345.902	*	365 / 2
=	209.27

China ITS (Holdings) Co Days Payable Related Terms

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China ITS (Holdings) Co (HKSE:01900) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China ITS (Holdings) Co Ltd (HKSE:01900) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuxianqiao North Road, Building 204, No. A10, Chaoyang District, Beijing, CHN, 100015

Website

http://www.its.cn

China ITS (Holdings) Co Ltd and its subsidiaries are mainly a provider of products, specialized solutions, and services related to infrastructure technology in the railway and electric power sectors. The operating business segments are Railway business which is engaged in the provision of products and specialized solutions mainly including railway communication products and energy-base products. The Electric power business segment is engaged in the provision of products and specialized solutions related to electric power equipment for customers in the electric power infrastructure construction area. Geographically, the company operates in China and Myanmar.

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