Beijing Paratera Tech (BJSE:839493) Days Payable : 83.68 (As of Mar. 2024)

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What is Beijing Paratera Tech Days Payable?

Beijing Paratera Tech's average Accounts Payable for the three months ended in Mar. 2024 was ¥78.8 Mil. Beijing Paratera Tech's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥85.9 Mil. Hence, Beijing Paratera Tech's Days Payable for the three months ended in Mar. 2024 was 83.68.

The historical rank and industry rank for Beijing Paratera Tech's Days Payable or its related term are showing as below:

BJSE:839493' s Days Payable Range Over the Past 10 Years
Min: 36.36 Med: 65.36 Max: 108.04
Current: 66.98

During the past 10 years, Beijing Paratera Tech's highest Days Payable was 108.04. The lowest was 36.36. And the median was 65.36.

BJSE:839493's Days Payable is ranked better than
58.04% of 2531 companies
in the Software industry
Industry Median: 50.16 vs BJSE:839493: 66.98

Beijing Paratera Tech's Days Payable increased from Mar. 2023 (79.77) to Mar. 2024 (83.68). It may suggest that Beijing Paratera Tech delayed paying its suppliers.

Beijing Paratera Tech Days Payable Historical Data

The historical data trend for Beijing Paratera Tech'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 Paratera Tech Days Payable Chart

Beijing Paratera Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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74.15

108.04

72.16

99.40

87.22

Beijing Paratera Tech Quarterly Data
	Dec18	Jun19	Sep19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															79.77	62.67	66.42	64.86	83.68

Competitive Comparison of Beijing Paratera Tech's Days Payable

For the Software - Infrastructure subindustry, Beijing Paratera Tech'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 Paratera Tech's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Beijing Paratera Tech's Days Payable falls into.

Beijing Paratera Tech 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 Paratera Tech'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
=	( (88.304	+	87.872)	/	2 )	/	368.622	*	365
=	88.088					/	368.622	*	365
=	87.22

Beijing Paratera Tech'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
=	( (87.872	+	69.704)	/	2 )	/	85.918	*	365 / 4
=	78.788					/	85.918	*	365 / 4
=	83.68

Beijing Paratera Tech Days Payable Related Terms

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Beijing Paratera Tech (BJSE:839493) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Paratera Tech Corp Ltd (BJSE:839493) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10 Xibeiwang East Road, Room 101-301, Building 21,3rd Floor, Haidian, Beijing, CHN, 100094

Website

https://www.paratera.com

Beijing Paratera Tech Corp Ltd is a leading domestic supercomputing cloud service and operation service provider, providing supercomputing cloud, industry cloud, intelligence Computing cloud, design simulation cloud and computing resource construction and operation services. As China's national grid service company, a domestic high-tech enterprise, and a dual-software enterprise, Parallel Technology aggregates the computing resources of major supercomputing centers across the country, targeting enterprises and institutions and scientific research institutions in energy, manufacturing, meteorology, scientific research and education, telecommunications, finance, animation, etc. The institute provides supercomputing cloud services.

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