ChinaEtek Service and Technology Co (SZSE:301208) Days Payable : 206.40 (As of Mar. 2024)

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What is ChinaEtek Service and Technology Co Days Payable?

ChinaEtek Service and Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥256 Mil. ChinaEtek Service and Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥113 Mil. Hence, ChinaEtek Service and Technology Co's Days Payable for the three months ended in Mar. 2024 was 206.40.

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

SZSE:301208' s Days Payable Range Over the Past 10 Years
Min: 50.28 Med: 69.19 Max: 99.19
Current: 86.35

During the past 10 years, ChinaEtek Service and Technology Co's highest Days Payable was 99.19. The lowest was 50.28. And the median was 69.19.

SZSE:301208's Days Payable is ranked better than
64.84% of 2531 companies
in the Software industry
Industry Median: 50.16 vs SZSE:301208: 86.35

ChinaEtek Service and Technology Co's Days Payable increased from Mar. 2023 (140.58) to Mar. 2024 (206.40). It may suggest that ChinaEtek Service and Technology Co delayed paying its suppliers.

ChinaEtek Service and Technology Co Days Payable Historical Data

The historical data trend for ChinaEtek Service and Technology 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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ChinaEtek Service and Technology Co Days Payable Chart

ChinaEtek Service and Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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69.67

81.99

60.92

71.14

99.19

ChinaEtek Service and Technology Co Quarterly Data
	Dec17	Dec18	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															140.58	91.49	89.50	63.42	206.40

Competitive Comparison of ChinaEtek Service and Technology Co's Days Payable

For the Information Technology Services subindustry, ChinaEtek Service and Technology 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.

ChinaEtek Service and Technology Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where ChinaEtek Service and Technology Co's Days Payable falls into.

ChinaEtek Service and Technology 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.

ChinaEtek Service and Technology 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
=	( (241.527	+	329.985)	/	2 )	/	1051.528	*	365
=	285.756					/	1051.528	*	365
=	99.19

ChinaEtek Service and Technology 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
=	( (329.985	+	182.274)	/	2 )	/	113.238	*	365 / 4
=	256.1295					/	113.238	*	365 / 4
=	206.40

ChinaEtek Service and Technology Co Days Payable Related Terms

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ChinaEtek Service and Technology Co (SZSE:301208) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ChinaEtek Service and Technology Co Ltd (SZSE:301208) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 68 Xueyuan South Road, Room 501, Block A, Ji'an Building, Haidian District, Beijing, CHN, 100037

Website

http://www.ce-service.com.cn

ChinaEtek Service and Technology Co Ltd is a comprehensive provider of IT architecture services and products in China. It offers information technology operation and maintenance services, original software and hardware products, independent intelligent operation and maintenance products and operation data analysis services.

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