Shijihengtong Technology Co (SZSE:301428) Days Payable : 38.89 (As of Mar. 2024)

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What is Shijihengtong Technology Co Days Payable?

Shijihengtong Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥95 Mil. Shijihengtong Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥224 Mil. Hence, Shijihengtong Technology Co's Days Payable for the three months ended in Mar. 2024 was 38.89.

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

SZSE:301428' s Days Payable Range Over the Past 10 Years
Min: 17.31 Med: 45.59 Max: 74.8
Current: 36.36

During the past 11 years, Shijihengtong Technology Co's highest Days Payable was 74.80. The lowest was 17.31. And the median was 45.59.

SZSE:301428's Days Payable is ranked worse than
60.45% of 2531 companies
in the Software industry
Industry Median: 50.16 vs SZSE:301428: 36.36

Shijihengtong Technology Co's Days Payable declined from Mar. 2023 (40.32) to Mar. 2024 (38.89). It may suggest that Shijihengtong Technology Co accelerated paying its suppliers.

Shijihengtong Technology Co Days Payable Historical Data

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

Shijihengtong Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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55.72

74.80

67.99

42.15

43.79

Shijihengtong Technology Co Quarterly Data
	Dec15	Dec16	Jun17	Dec17	Dec18	Dec19	Mar20	Dec20	Mar21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															40.32	33.06	33.42	41.47	38.89

Competitive Comparison of Shijihengtong Technology Co's Days Payable

For the Information Technology Services subindustry, Shijihengtong 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.

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

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

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

Shijihengtong 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.

Shijihengtong 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
=	( (72.566	+	122.647)	/	2 )	/	813.611	*	365
=	97.6065					/	813.611	*	365
=	43.79

Shijihengtong 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
=	( (122.647	+	68.153)	/	2 )	/	223.853	*	365 / 4
=	95.4					/	223.853	*	365 / 4
=	38.89

Shijihengtong Technology Co Days Payable Related Terms

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Shijihengtong Technology Co (SZSE:301428) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shijihengtong Technology Co Ltd (SZSE:301428) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, Nanyuan Science and Education Street, Guiyang National High-tech Industrial Development Zone, Core Area, Guiyang Science and Technology Park, Zhongguancun, Guizhou Province, Guiyang, CHN, 550014

Website

http://www.sjht.com

Shijihengtong Technology Co Ltd is a professional information technology service provider. The company is engaged in the Independent development of technology platform and the construction of service network.

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