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Intchains Group (Intchains Group) Days Payable : 4.03 (As of Mar. 2024)


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What is Intchains Group Days Payable?

Intchains Group's average Accounts Payable for the three months ended in Mar. 2024 was $0.09 Mil. Intchains Group's Cost of Goods Sold for the three months ended in Mar. 2024 was $2.12 Mil. Hence, Intchains Group's Days Payable for the three months ended in Mar. 2024 was 4.03.

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

ICG' s Days Payable Range Over the Past 10 Years
Min: 3.53   Med: 10.62   Max: 21.2
Current: 3.53

During the past 5 years, Intchains Group's highest Days Payable was 21.20. The lowest was 3.53. And the median was 10.62.

ICG's Days Payable is ranked worse than
99.27% of 965 companies
in the Semiconductors industry
Industry Median: 51.74 vs ICG: 3.53

Intchains Group's Days Payable declined from Mar. 2023 (13.82) to Mar. 2024 (4.03). It may suggest that Intchains Group accelerated paying its suppliers.

Intchains Group Days Payable Historical Data

The historical data trend for Intchains Group'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.

* Premium members only.

Intchains Group Days Payable Chart

Intchains Group Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Days Payable
- 9.72 11.52 21.20 7.89

Intchains Group Quarterly Data
Dec19 Dec20 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 13.82 3.17 3.38 1.11 4.03

Competitive Comparison of Intchains Group's Days Payable

For the Semiconductors subindustry, Intchains Group'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.

Intchains Group's Days Payable Distribution in the Semiconductors Industry

For the Semiconductors industry and Technology sector, Intchains Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Intchains Group's Days Payable falls into.


Intchains Group 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.

Intchains Group'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
=( (0.416 + 0.027) / 2 ) / 10.245*365
=0.2215 / 10.245*365
=7.89

Intchains Group's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

Days Payable (Q: Mar. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2023 ) + Accounts Payable (Q: Mar. 2024 )) / count ) / Cost of Goods Sold (Q: Mar. 2024 )*Days in Period
=( (0.027 + 0.16) / 2 ) / 2.119*365 / 4
=0.0935 / 2.119*365 / 4
=4.03

* 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.

Intchains Group Days Payable Related Terms

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Intchains Group (Intchains Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Semiconductors » Intchains Group Ltd (NAS:ICG) » Definitions » Days Payable
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Traded in Other Exchanges
N/A
Address
No.333 Haiyang No.1 Road, 9th Floor, A Block, Lingang Science and Technology Park, Pudong New Area, Shanghai, CHN, 201306
Website
https://www.intchains.com
Intchains Group Ltd provides integrated solutions consisting of high-performance ASIC chips and ancillary software and hardware for blockchain applications. Its ASIC chips are designed for several key blockchain algorithms including Blake2bsha3, sha512MD160, Cryptonight V4, Eaglesong, and Blake2s. The company has built a proprietary technology platform named Xihe Platform, which allows the development of a wide range of ASIC chips with high efficiency and scalability. It designs its ASIC chips in-house, which enables it to leverage proprietary silicon data to deliver products reflecting the latest technological developments.