China Information Technology Development (HKSE:08178) Days Payable : 0.00 (As of Dec. 2023)

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What is China Information Technology Development Days Payable?

China Information Technology Development's average Accounts Payable for the three months ended in Dec. 2023 was HK$3.46 Mil. China Information Technology Development's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$-8.53 Mil.

The historical rank and industry rank for China Information Technology Development's Days Payable or its related term are showing as below:

HKSE:08178' s Days Payable Range Over the Past 10 Years
Min: 45.95 Med: 83 Max: 216.37
Current: 117.24

During the past 13 years, China Information Technology Development's highest Days Payable was 216.37. The lowest was 45.95. And the median was 83.00.

HKSE:08178's Days Payable is ranked better than
72.98% of 2531 companies
in the Software industry
Industry Median: 50.16 vs HKSE:08178: 117.24

China Information Technology Development's Days Payable declined from Dec. 2022 (153.43) to Dec. 2023 (0.00). It may suggest that China Information Technology Development accelerated paying its suppliers.

China Information Technology Development Days Payable Historical Data

The historical data trend for China Information Technology Development'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 Information Technology Development Days Payable Chart

China Information Technology Development Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.59

83.82

45.95

72.69

94.17

China Information Technology Development Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															153.43	38.80	311.31	145.90	-

Competitive Comparison of China Information Technology Development's Days Payable

For the Information Technology Services subindustry, China Information Technology Development'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 Information Technology Development's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, China Information Technology Development's Days Payable distribution charts can be found below:

* The bar in red indicates where China Information Technology Development's Days Payable falls into.

China Information Technology Development 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 Information Technology Development'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
=	( (10.302	+	3.455)	/	2 )	/	26.66	*	365
=	6.8785					/	26.66	*	365
=	94.17

China Information Technology Development'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	3.455)	/	1 )	/	-8.529	*	365 / 4
=	3.455					/	-8.529	*	365 / 4
=	N/A

China Information Technology Development Days Payable Related Terms

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China Information Technology Development (HKSE:08178) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » China Information Technology Development Ltd (HKSE:08178) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

392 Kwun Tong Road, Unit 3308, 33rd Floor, Millennium City 6, Kwun Tong, Hong Kong, HKG

Website

https://www.citd.com.hk

China Information Technology Development Ltd is an investment holding company. Along with its subsidiaries, the company is engaged in the provision of system integration and related support services, provision of IT infrastructure solutions and maintenance services, money lending, and securities trading. It operates in the segments of Provision of IT solutions and maintenance, Money lending, Securities trading, and Rental of properties. It generates key revenue from the IT solutions and maintenance segment. It has a business presence in the PRC and Hong Kong, of which a majority of revenue is derived from Hong Kong.

Executives

Zhang Rong	2101 Beneficial owner
Lee Ying Chiu Herbert	2201 Interest of corporation controlled by you
Choi Hing Lin Lori	2202 Interest of your spouse
Lam Shu Chung	2101 Beneficial owner
Tang Keung	2101 Beneficial owner
Valuable Fortune Limited	2101 Beneficial owner
Lee Yat Lung Andrew	2201 Interest of corporation controlled by you

China Information Technology Development (HKSE:08178) Headlines

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