Quantum Thinking (HKSE:08050) Days Payable : 174.59 (As of Sep. 2023)

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What is Quantum Thinking Days Payable?

Quantum Thinking's average Accounts Payable for the three months ended in Sep. 2023 was HK$9.16 Mil. Quantum Thinking's Cost of Goods Sold for the three months ended in Sep. 2023 was HK$4.79 Mil. Hence, Quantum Thinking's Days Payable for the three months ended in Sep. 2023 was 174.59.

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

HKSE:08050' s Days Payable Range Over the Past 10 Years
Min: 57.27 Med: 363.76 Max: 4309.02
Current: 244.3

During the past 13 years, Quantum Thinking's highest Days Payable was 4309.02. The lowest was 57.27. And the median was 363.76.

HKSE:08050's Days Payable is ranked better than
85.97% of 2531 companies
in the Software industry
Industry Median: 50.13 vs HKSE:08050: 244.30

Quantum Thinking's Days Payable declined from Sep. 2022 (187.52) to Sep. 2023 (174.59). It may suggest that Quantum Thinking accelerated paying its suppliers.

Quantum Thinking Days Payable Historical Data

The historical data trend for Quantum Thinking'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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Quantum Thinking Days Payable Chart

Quantum Thinking Annual Data

Trend

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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4,309.02

483.14

57.27

151.26

367.35

Quantum Thinking Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															187.52	184.93	325.60	446.66	174.59

Competitive Comparison of Quantum Thinking's Days Payable

For the Information Technology Services subindustry, Quantum Thinking'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.

Quantum Thinking's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Quantum Thinking's Days Payable falls into.

Quantum Thinking 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.

Quantum Thinking's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (19.275	+	13.877)	/	2 )	/	16.47	*	365
=	16.576					/	16.47	*	365
=	367.35

Quantum Thinking's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (0	+	9.159)	/	1 )	/	4.787	*	365 / 4
=	9.159					/	4.787	*	365 / 4
=	174.59

Quantum Thinking Days Payable Related Terms

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Quantum Thinking (HKSE:08050) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Quantum Thinking Ltd (HKSE:08050) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

151 Gloucester Road, Room 1403, 13th Floor, Capital Centre, Wanchai, Hong Kong, HKG

Website

http://www.8050hk.com

Quantum Thinking Ltd is a Hong Kong-based investment holding company principally engaged in the hardware-related business. The Company also engaged in the provision of system integration services and other value-added technical consultation services and hardware-related business. It is engaged in the segments of Sales of hardware products and Services segment which involves system development, consultancy, maintenance and other services. The group's operations are mainly located in the PRC.

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