Empyrean Technology Co (SZSE:301269) Days Payable : 343.21 (As of Mar. 2024)

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What is Empyrean Technology Co Days Payable?

Empyrean Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥27 Mil. Empyrean Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7 Mil. Hence, Empyrean Technology Co's Days Payable for the three months ended in Mar. 2024 was 343.21.

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

SZSE:301269' s Days Payable Range Over the Past 10 Years
Min: 70.49 Med: 303.95 Max: 483.07
Current: 152.62

During the past 6 years, Empyrean Technology Co's highest Days Payable was 483.07. The lowest was 70.49. And the median was 303.95.

SZSE:301269's Days Payable is ranked better than
78.23% of 2531 companies
in the Software industry
Industry Median: 50.16 vs SZSE:301269: 152.62

Empyrean Technology Co's Days Payable declined from Mar. 2023 (537.59) to Mar. 2024 (343.21). It may suggest that Empyrean Technology Co accelerated paying its suppliers.

Empyrean Technology Co Days Payable Historical Data

The historical data trend for Empyrean 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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Empyrean Technology Co Days Payable Chart

Empyrean Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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313.52

400.15

483.07

294.37

182.33

Empyrean Technology Co Quarterly Data
	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial												537.59	194.32	108.38	122.42	343.21

Competitive Comparison of Empyrean Technology Co's Days Payable

For the Software - Application subindustry, Empyrean 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.

Empyrean Technology Co's Days Payable Distribution in the Software Industry

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

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

Empyrean 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.

Empyrean 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
=	( (25.556	+	37.189)	/	2 )	/	62.802	*	365
=	31.3725					/	62.802	*	365
=	182.33

Empyrean 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
=	( (37.189	+	17.68)	/	2 )	/	7.294	*	365 / 4
=	27.4345					/	7.294	*	365 / 4
=	343.21

Empyrean Technology Co Days Payable Related Terms

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Empyrean Technology Co (SZSE:301269) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Empyrean Technology Co Ltd (SZSE:301269) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 2, Lize Middle 2nd Road, 2nd Floor, Block A, Chaoyang District, Beijing, CHN, 100102

Website

https://www.empyrean.com.cn

Empyrean Technology Co Ltd is engaged in the EDA tool software development, sales and related services for integrated circuit design and manufacturing.

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