Runjian Co (SZSE:002929) Days Payable : 267.95 (As of Mar. 2024)

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What is Runjian Co Days Payable?

Runjian Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,208 Mil. Runjian Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,774 Mil. Hence, Runjian Co's Days Payable for the three months ended in Mar. 2024 was 267.95.

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

SZSE:002929' s Days Payable Range Over the Past 10 Years
Min: 32.09 Med: 116.55 Max: 261.08
Current: 243.44

During the past 11 years, Runjian Co's highest Days Payable was 261.08. The lowest was 32.09. And the median was 116.55.

SZSE:002929's Days Payable is ranked better than
80.58% of 345 companies
in the Telecommunication Services industry
Industry Median: 102.31 vs SZSE:002929: 243.44

Runjian Co's Days Payable increased from Mar. 2023 (213.80) to Mar. 2024 (267.95). It may suggest that Runjian Co delayed paying its suppliers.

Runjian Co Days Payable Historical Data

The historical data trend for Runjian 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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Runjian Co Days Payable Chart

Runjian Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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135.45

175.98

183.36

223.16

261.08

Runjian 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															213.80	219.76	242.69	263.15	267.95

Competitive Comparison of Runjian Co's Days Payable

For the Telecom Services subindustry, Runjian 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.

Runjian Co's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Runjian Co's Days Payable distribution charts can be found below:

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

Runjian 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.

Runjian 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
=	( (4676.974	+	5686.843)	/	2 )	/	7244.428	*	365
=	5181.9085					/	7244.428	*	365
=	261.08

Runjian 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
=	( (5686.843	+	4728.969)	/	2 )	/	1773.517	*	365 / 4
=	5207.906					/	1773.517	*	365 / 4
=	267.95

Runjian Co Days Payable Related Terms

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Runjian Co (SZSE:002929) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Runjian Co Ltd (SZSE:002929) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 138, Gaopu Road, National Science and Technology Park, Floor 3-5, East Block, Jinghua Information Building, Tianhe District, Guangzhou, CHN

Website

http://www.rjtx.net

Runjian Co Ltd is a high-tech enterprise engaged in information services and system solutions. It is an integrated information technology service provider in China.

Executives

Liang Ji	Director
Xu Wen Jie	Directors, executives
Li Jian Guo	Director
Tang Min	Supervisors

Runjian Co (SZSE:002929) Headlines

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