Global Infotech Co (SZSE:300465) Days Payable : 32.01 (As of Mar. 2024)

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What is Global Infotech Co Days Payable?

Global Infotech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥52 Mil. Global Infotech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥148 Mil. Hence, Global Infotech Co's Days Payable for the three months ended in Mar. 2024 was 32.01.

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

SZSE:300465' s Days Payable Range Over the Past 10 Years
Min: 20.18 Med: 50.25 Max: 96.21
Current: 20.18

During the past 13 years, Global Infotech Co's highest Days Payable was 96.21. The lowest was 20.18. And the median was 50.25.

SZSE:300465's Days Payable is ranked worse than
79.34% of 2531 companies
in the Software industry
Industry Median: 50.16 vs SZSE:300465: 20.18

Global Infotech Co's Days Payable declined from Mar. 2023 (36.52) to Mar. 2024 (32.01). It may suggest that Global Infotech Co accelerated paying its suppliers.

Global Infotech Co Days Payable Historical Data

The historical data trend for Global Infotech 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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Global Infotech Co Days Payable Chart

Global Infotech Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.53

96.21

63.03

28.99

20.84

Global Infotech 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															36.52	24.64	23.19	10.83	32.01

Competitive Comparison of Global Infotech Co's Days Payable

For the Software - Application subindustry, Global Infotech 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.

Global Infotech Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Global Infotech Co's Days Payable falls into.

Global Infotech 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.

Global Infotech 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
=	( (77.557	+	53.127)	/	2 )	/	1144.383	*	365
=	65.342					/	1144.383	*	365
=	20.84

Global Infotech 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
=	( (53.127	+	50.422)	/	2 )	/	147.585	*	365 / 4
=	51.7745					/	147.585	*	365 / 4
=	32.01

Global Infotech Co Days Payable Related Terms

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Global Infotech Co (SZSE:300465) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Global Infotech Co Ltd (SZSE:300465) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Liang Ma Qiao Road, No. 32 High Lan Building, 16th floor, Chaoyang District, Beijing, CHN

Website

http://www.git.com.cn

Global Infotech Co Ltd is one of the leading financial information software product and integrated service provider in China. The products and solutions include - EasyLoan Credit Management System, EasyIBS new core business system, Credit asset classification system, Fund transfer pricing overall plan, Point management system, EasyCard Bank Card System, and others.

Executives

Wang Ting	Supervisors
Zheng Xiang Yun	Securities Affairs Representative
Yang Xiao Bin	Executives

Global Infotech Co (SZSE:300465) Headlines

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