Beijing United Information Technology Co (SHSE:603613) Days Payable : 18.26 (As of Mar. 2024)

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What is Beijing United Information Technology Co Days Payable?

Beijing United Information Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,128 Mil. Beijing United Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥15,628 Mil. Hence, Beijing United Information Technology Co's Days Payable for the three months ended in Mar. 2024 was 18.26.

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

SHSE:603613' s Days Payable Range Over the Past 10 Years
Min: 2.69 Med: 18.62 Max: 33.14
Current: 19.79

During the past 12 years, Beijing United Information Technology Co's highest Days Payable was 33.14. The lowest was 2.69. And the median was 18.62.

SHSE:603613's Days Payable is ranked worse than
79.68% of 2535 companies
in the Software industry
Industry Median: 49.81 vs SHSE:603613: 19.79

Beijing United Information Technology Co's Days Payable declined from Mar. 2023 (22.45) to Mar. 2024 (18.26). It may suggest that Beijing United Information Technology Co accelerated paying its suppliers.

Beijing United Information Technology Co Days Payable Historical Data

The historical data trend for Beijing United Information 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 United Information Technology Co Days Payable Chart

Beijing United Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

16.73

27.92

20.50

27.47

24.50

Beijing United Information Technology Co Quarterly Data
	Jun19	Sep19	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															22.45	24.91	16.43	19.11	18.26

Competitive Comparison of Beijing United Information Technology Co's Days Payable

For the Information Technology Services subindustry, Beijing United Information 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 United Information Technology Co's Days Payable Distribution in the Software Industry

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

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

Beijing United Information 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 United Information 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
=	( (3329.506	+	3084.224)	/	2 )	/	47767.703	*	365
=	3206.865					/	47767.703	*	365
=	24.50

Beijing United Information 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
=	( (3084.224	+	3171.682)	/	2 )	/	15628.358	*	365 / 4
=	3127.953					/	15628.358	*	365 / 4
=	18.26

Beijing United Information Technology Co Days Payable Related Terms

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Beijing United Information Technology Co (SHSE:603613) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing United Information Technology Co Ltd (SHSE:603613) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1, Shangdi Information Road, Building 703, Building 1, Haidian District, Beijing, CHN

Website

http://www.ueiibi.com

Beijing United Information Technology Co Ltd operates business to business e-commerce platform. The company provides online commodity trading, commercial information services and Internet technology for industrial products and raw materials for related industries.It also provides online commodity trading services for upstream and downstream industries such as coating chemicals, sanitary products and glass, including self-operated e-commerce, third-party e-commerce and SaaS services.

Executives

Liu Quan	Director
Liu Jun Zhai	Director
Wang Ting	Director
Liu Yuan	Director
Pan Yong	Directors, senior managers
Tian Tao	Directors, senior managers
Liu Rui	Supervisors
Qian Xiao Jun	Directors, senior managers

Beijing United Information Technology Co (SHSE:603613) Headlines

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