Beijing Hanyi Innovation Technology Co (SZSE:301270) Days Payable : 442.30 (As of Mar. 2024)

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What is Beijing Hanyi Innovation Technology Co Days Payable?

Beijing Hanyi Innovation Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥46.0 Mil. Beijing Hanyi Innovation Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥9.5 Mil. Hence, Beijing Hanyi Innovation Technology Co's Days Payable for the three months ended in Mar. 2024 was 442.30.

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

SZSE:301270' s Days Payable Range Over the Past 10 Years
Min: 138.56 Med: 224.12 Max: 359.47
Current: 342.89

During the past 7 years, Beijing Hanyi Innovation Technology Co's highest Days Payable was 359.47. The lowest was 138.56. And the median was 224.12.

SZSE:301270's Days Payable is ranked better than
90.22% of 2535 companies
in the Software industry
Industry Median: 49.81 vs SZSE:301270: 342.89

Beijing Hanyi Innovation Technology Co's Days Payable declined from Mar. 2023 (460.71) to Mar. 2024 (442.30). It may suggest that Beijing Hanyi Innovation Technology Co accelerated paying its suppliers.

Beijing Hanyi Innovation Technology Co Days Payable Historical Data

The historical data trend for Beijing Hanyi Innovation 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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Beijing Hanyi Innovation Technology Co Days Payable Chart

Beijing Hanyi Innovation Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

143.34

288.86

359.47

352.64

Beijing Hanyi Innovation Technology Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													460.71	356.75	366.72	268.92	442.30

Competitive Comparison of Beijing Hanyi Innovation Technology Co's Days Payable

For the Software - Application subindustry, Beijing Hanyi Innovation 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.

Beijing Hanyi Innovation Technology Co's Days Payable Distribution in the Software Industry

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

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

Beijing Hanyi Innovation 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.

Beijing Hanyi Innovation 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
=	( (35.553	+	48.521)	/	2 )	/	43.511	*	365
=	42.037					/	43.511	*	365
=	352.64

Beijing Hanyi Innovation 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
=	( (48.521	+	43.488)	/	2 )	/	9.491	*	365 / 4
=	46.0045					/	9.491	*	365 / 4
=	442.30

Beijing Hanyi Innovation Technology Co Days Payable Related Terms

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Beijing Hanyi Innovation Technology Co (SZSE:301270) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Hanyi Innovation Technology Co Ltd (SZSE:301270) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Courtyard 2, Cuiwei Road, Room 201, 2nd Floor, Building 2, District 5, Haidian District, Beijing, CHN, 100036

Website

http://www.hanyi.com.cn

Beijing Hanyi Innovation Technology Co Ltd is a company specializing in font design, font library product development, Chinese character information technology research, and Chinese character application solutions, with core independent intellectual property rights.

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