Crypto Flow Technology (HKSE:08198) Days Payable : 56.70 (As of Dec. 2023)

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What is Crypto Flow Technology Days Payable?

Crypto Flow Technology's average Accounts Payable for the three months ended in Dec. 2023 was HK$3.03 Mil. Crypto Flow Technology's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$4.87 Mil. Hence, Crypto Flow Technology's Days Payable for the three months ended in Dec. 2023 was 56.70.

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

HKSE:08198' s Days Payable Range Over the Past 10 Years
Min: 15.42 Med: 112.44 Max: 883.37
Current: 45.17

During the past 13 years, Crypto Flow Technology's highest Days Payable was 883.37. The lowest was 15.42. And the median was 112.44.

HKSE:08198's Days Payable is ranked worse than
53.22% of 2531 companies
in the Software industry
Industry Median: 50.16 vs HKSE:08198: 45.17

Crypto Flow Technology's Days Payable increased from Dec. 2022 (17.82) to Dec. 2023 (56.70). It may suggest that Crypto Flow Technology delayed paying its suppliers.

Crypto Flow Technology Days Payable Historical Data

The historical data trend for Crypto Flow Technology'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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Crypto Flow Technology Days Payable Chart

Crypto Flow Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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113.47

15.42

254.60

24.90

67.73

Crypto Flow Technology 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															17.82	27.47	0.06	0.06	56.70

Competitive Comparison of Crypto Flow Technology's Days Payable

For the Information Technology Services subindustry, Crypto Flow Technology'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.

Crypto Flow Technology's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Crypto Flow Technology's Days Payable falls into.

Crypto Flow Technology 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.

Crypto Flow Technology'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
=	( (0.476	+	3.026)	/	2 )	/	9.436	*	365
=	1.751					/	9.436	*	365
=	67.73

Crypto Flow Technology'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	+	3.026)	/	1 )	/	4.87	*	365 / 4
=	3.026					/	4.87	*	365 / 4
=	56.70

Crypto Flow Technology Days Payable Related Terms

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Crypto Flow Technology (HKSE:08198) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Crypto Flow Technology Ltd (HKSE:08198) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Unit 3506, 35th Floor, Tower One, Lippo Centre, 89 Queensway, Hong Kong, HKG

Website

http://www.cryptoflowhk.com

Crypto Flow Technology Ltd is engaged in the provision of data analysis and storage services Big Data Centre Services, Data processors leasing services, Data Processors Leasing Services, and Money lending business in Hong Kong. It operates in three segments Provision of Big Data Centre Services, Data Centre Services, and Money lending business. It generates maximum revenue from Big Data Centre Services. It operates in Mainland China and Hong Kong, and the majority of its revenue comes from Hong Kong.

Executives

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Wang Heng	2201 Interest of corporation controlled by you
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Law Man San Vincent	2201 Interest of corporation controlled by you
Yuan Ping
Manful Kingdom Limited	2101 Beneficial owner
Fu Jie Pin	2201 Interest of corporation controlled by you
Xia Bing	2202 Interest of your spouse

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