Qingci Games (HKSE:06633) Days Payable : 50.05 (As of Dec. 2023)

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What is Qingci Games Days Payable?

Qingci Games's average Accounts Payable for the six months ended in Dec. 2023 was HK$71.8 Mil. Qingci Games's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$261.8 Mil. Hence, Qingci Games's Days Payable for the six months ended in Dec. 2023 was 50.05.

The historical rank and industry rank for Qingci Games's Days Payable or its related term are showing as below:

HKSE:06633' s Days Payable Range Over the Past 10 Years
Min: 9.7 Med: 30.49 Max: 52.95
Current: 49.52

During the past 6 years, Qingci Games's highest Days Payable was 52.95. The lowest was 9.70. And the median was 30.49.

HKSE:06633's Days Payable is ranked worse than
55.89% of 433 companies
in the Interactive Media industry
Industry Median: 61.44 vs HKSE:06633: 49.52

Qingci Games's Days Payable declined from Dec. 2022 (63.90) to Dec. 2023 (50.05). It may suggest that Qingci Games accelerated paying its suppliers.

Qingci Games Days Payable Historical Data

The historical data trend for Qingci Games'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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Qingci Games Days Payable Chart

Qingci Games Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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46.77

9.70

11.61

14.35

46.62

Qingci Games Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					39.06	60.09	63.90	52.97	50.05

Competitive Comparison of Qingci Games's Days Payable

For the Electronic Gaming & Multimedia subindustry, Qingci Games'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.

Qingci Games's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Qingci Games's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingci Games's Days Payable falls into.

Qingci Games 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.

Qingci Games'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
=	( (11.254	+	85.95)	/	2 )	/	380.483	*	365
=	48.602					/	380.483	*	365
=	46.62

Qingci Games's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (57.648	+	85.95)	/	2 )	/	261.782	*	365 / 2
=	71.799					/	261.782	*	365 / 2
=	50.05

Qingci Games Days Payable Related Terms

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Qingci Games (HKSE:06633) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Qingci Games Inc (HKSE:06633) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, 4 Wang Hai Road, Xiamen Software Park II, Fujian Province, Xiamen, CHN, 361008

Website

https://www.qcplay.com

Qingci Games Inc is a integrated mobile game developer and publisher in China. It offers mobile games that are designed to provide captivating content as well as distinctive and engaging gameplay experiences to players in mainland China and overseas.

Executives

Keiskei Holding Ltd.
Yang Family Holding Limited
Yang Xu
Xia Men Ji Xiang Gu Quan Tou Zi You Xian Gong Si	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Ucweb Inc.	2201 Interest of corporation controlled by you
Uc Mobile New World Limited	2201 Interest of corporation controlled by you
Uc Mobile International Limited	2201 Interest of corporation controlled by you
Qookka Entertainment Limited	2101 Beneficial owner
Ejoy.com Inc.	2201 Interest of corporation controlled by you
Alibaba Investment Limited	2201 Interest of corporation controlled by you
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Ali Uc Investment Holding Limited	2201 Interest of corporation controlled by you
Intelligence Qc Ltd.	2101 Beneficial owner
Ye Jiting	2201 Interest of corporation controlled by you

Qingci Games (HKSE:06633) Headlines

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