Strait Innovation Internet Co (SZSE:300300) Days Payable : 1,368.57 (As of Mar. 2024)

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What is Strait Innovation Internet Co Days Payable?

Strait Innovation Internet Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥388.4 Mil. Strait Innovation Internet Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥25.9 Mil. Hence, Strait Innovation Internet Co's Days Payable for the three months ended in Mar. 2024 was 1,368.57.

The historical rank and industry rank for Strait Innovation Internet Co's Days Payable or its related term are showing as below:

SZSE:300300' s Days Payable Range Over the Past 10 Years
Min: 153.97 Med: 333.59 Max: 1059.33
Current: 1024.3

During the past 13 years, Strait Innovation Internet Co's highest Days Payable was 1059.33. The lowest was 153.97. And the median was 333.59.

SZSE:300300's Days Payable is ranked better than
95.96% of 2525 companies
in the Software industry
Industry Median: 50.46 vs SZSE:300300: 1024.30

Strait Innovation Internet Co's Days Payable declined from Mar. 2023 (1,435.59) to Mar. 2024 (1,368.57). It may suggest that Strait Innovation Internet Co accelerated paying its suppliers.

Strait Innovation Internet Co Days Payable Historical Data

The historical data trend for Strait Innovation Internet 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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Strait Innovation Internet Co Days Payable Chart

Strait Innovation Internet Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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300.69

379.69

306.55

793.91

1,059.33

Strait Innovation Internet 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															1,435.59	721.46	1,915.22	805.39	1,368.57

Competitive Comparison of Strait Innovation Internet Co's Days Payable

For the Information Technology Services subindustry, Strait Innovation Internet 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.

Strait Innovation Internet Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Strait Innovation Internet Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Strait Innovation Internet Co's Days Payable falls into.

Strait Innovation Internet 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.

Strait Innovation Internet Co'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
=	( (383.627	+	400.465)	/	2 )	/	135.082	*	365
=	392.046					/	135.082	*	365
=	1,059.33

Strait Innovation Internet 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
=	( (400.465	+	376.43)	/	2 )	/	25.9	*	365 / 4
=	388.4475					/	25.9	*	365 / 4
=	1,368.57

Strait Innovation Internet Co Days Payable Related Terms

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Strait Innovation Internet Co (SZSE:300300) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Strait Innovation Internet Co Ltd (SZSE:300300) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

No.181 Tianmushan Road, 6th Floor, Skyline Building, Xihu District, Zhejiang Province, Hangzhou, CHN, 310063

Website

http://www.hxcx.com.cn

Strait Innovation Internet Co Ltd is a provider of technical services, technology development, technology consulting, technology exchange, technology transfer, technology promotion; software development; information technology consulting services; data processing services; information system integration services; foreign contracting projects; computer software and hardware and auxiliary equipment wholesale.

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