Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Days Payable : 64.25 (As of Mar. 2024)

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What is Shanghai DOBE Cultural & Creative Industry Development (Group) Co Days Payable?

Shanghai DOBE Cultural & Creative Industry Development (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥143 Mil. Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥203 Mil. Hence, Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Days Payable for the three months ended in Mar. 2024 was 64.25.

The historical rank and industry rank for Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Days Payable or its related term are showing as below:

SZSE:300947' s Days Payable Range Over the Past 10 Years
Min: 49.41 Med: 117.69 Max: 240.45
Current: 72.14

During the past 8 years, Shanghai DOBE Cultural & Creative Industry Development (Group) Co's highest Days Payable was 240.45. The lowest was 49.41. And the median was 117.69.

SZSE:300947's Days Payable is ranked better than
65.29% of 922 companies
in the Business Services industry
Industry Median: 47.92 vs SZSE:300947: 72.14

Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Days Payable declined from Mar. 2023 (97.82) to Mar. 2024 (64.25). It may suggest that Shanghai DOBE Cultural & Creative Industry Development (Group) Co accelerated paying its suppliers.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Days Payable Historical Data

The historical data trend for Shanghai DOBE Cultural & Creative Industry Development (Group) 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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Shanghai DOBE Cultural & Creative Industry Development (Group) Co Days Payable Chart

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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118.41

76.13

49.41

116.97

84.10

Shanghai DOBE Cultural & Creative Industry Development (Group) 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															97.82	77.26	81.36	75.62	64.25

Competitive Comparison of Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Days Payable

For the Specialty Business Services subindustry, Shanghai DOBE Cultural & Creative Industry Development (Group) 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.

Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai DOBE Cultural & Creative Industry Development (Group) Co's Days Payable falls into.

Shanghai DOBE Cultural & Creative Industry Development (Group) 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.

Shanghai DOBE Cultural & Creative Industry Development (Group) 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
=	( (198.195	+	162.635)	/	2 )	/	782.977	*	365
=	180.415					/	782.977	*	365
=	84.10

Shanghai DOBE Cultural & Creative Industry Development (Group) 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
=	( (162.635	+	122.574)	/	2 )	/	202.528	*	365 / 4
=	142.6045					/	202.528	*	365 / 4
=	64.25

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Days Payable Related Terms

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Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd (SZSE:300947) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.492, Anhua Road, Room 707, Building 1, Changning District, Shanghai, CHN, 200050

Website

http://www.dobechina.com

Shanghai DOBE Cultural & Creative Industry Development (Group) Co Ltd is a professional service provider dedicated towards the development of cultural and technological enterprises. DoBe not only provides enterprises with a comfortable, ecological, and personalized high-quality office environment, but also provides entrepreneurial services, brand promotion, financial consulting, business registration and others.

Executives

Jia Bo

Director

Shanghai DOBE Cultural & Creative Industry Development (Group) Co (SZSE:300947) Headlines

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