Beijing Abt Networks Co (SHSE:688168) Days Payable : 357.63 (As of Mar. 2024)

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What is Beijing Abt Networks Co Days Payable?

Beijing Abt Networks Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥82.0 Mil. Beijing Abt Networks Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥20.9 Mil. Hence, Beijing Abt Networks Co's Days Payable for the three months ended in Mar. 2024 was 357.63.

The historical rank and industry rank for Beijing Abt Networks Co's Days Payable or its related term are showing as below:

SHSE:688168' s Days Payable Range Over the Past 10 Years
Min: 49.7 Med: 73.66 Max: 114.11
Current: 95.04

During the past 7 years, Beijing Abt Networks Co's highest Days Payable was 114.11. The lowest was 49.70. And the median was 73.66.

SHSE:688168's Days Payable is ranked better than
67.48% of 2534 companies
in the Software industry
Industry Median: 50.345 vs SHSE:688168: 95.04

Beijing Abt Networks Co's Days Payable increased from Mar. 2023 (123.33) to Mar. 2024 (357.63). It may suggest that Beijing Abt Networks Co delayed paying its suppliers.

Beijing Abt Networks Co Days Payable Historical Data

The historical data trend for Beijing Abt Networks 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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Beijing Abt Networks Co Days Payable Chart

Beijing Abt Networks Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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73.35

81.43

114.11

73.66

49.70

Beijing Abt Networks Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															123.33	88.26	66.58	55.84	357.63

Competitive Comparison of Beijing Abt Networks Co's Days Payable

For the Software - Application subindustry, Beijing Abt Networks 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.

Beijing Abt Networks Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Beijing Abt Networks Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Beijing Abt Networks Co's Days Payable falls into.

Beijing Abt Networks 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.

Beijing Abt Networks Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (27.782	+	26.87)	/	2 )	/	200.696	*	365
=	27.326					/	200.696	*	365
=	49.70

Beijing Abt Networks Co'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
=	( (93.04	+	70.99)	/	2 )	/	20.926	*	365 / 4
=	82.015					/	20.926	*	365 / 4
=	357.63

Beijing Abt Networks Co Days Payable Related Terms

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Beijing Abt Networks Co (SHSE:688168) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Abt Networks Co Ltd (SHSE:688168) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Dongbinhe Road, Room C0310, Building 6, Deshengmen, Xicheng District, Beijing, CHN, 100053

Website

http://www.abtnetworks.com

Beijing Abt Networks Co Ltd is engaged in the research, development, sales and related technical services for network security core software products.

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