China Literature (HKSE:00772) Days Payable : 100.09 (As of Dec. 2023)

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What is China Literature Days Payable?

China Literature's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,177 Mil. China Literature's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,146 Mil. Hence, China Literature's Days Payable for the six months ended in Dec. 2023 was 100.09.

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

HKSE:00772' s Days Payable Range Over the Past 10 Years
Min: 80.02 Med: 95.48 Max: 312.36
Current: 113.01

During the past 10 years, China Literature's highest Days Payable was 312.36. The lowest was 80.02. And the median was 95.48.

HKSE:00772's Days Payable is ranked better than
65.67% of 434 companies
in the Interactive Media industry
Industry Median: 60.975 vs HKSE:00772: 113.01

China Literature's Days Payable declined from Dec. 2022 (135.21) to Dec. 2023 (100.09). It may suggest that China Literature accelerated paying its suppliers.

China Literature Days Payable Historical Data

The historical data trend for China Literature'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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China Literature Days Payable Chart

China Literature Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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85.27

84.95

95.71

123.85

117.75

China Literature Semi-Annual Data
	Dec14	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial													99.25	111.26	135.21	122.96	100.09

Competitive Comparison of China Literature's Days Payable

For the Internet Content & Information subindustry, China Literature'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.

China Literature's Days Payable Distribution in the Interactive Media Industry

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

* The bar in red indicates where China Literature's Days Payable falls into.

China Literature 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.

China Literature'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
=	( (1344.383	+	1224.72)	/	2 )	/	3981.707	*	365
=	1284.5515					/	3981.707	*	365
=	117.75

China Literature'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
=	( (1129.263	+	1224.72)	/	2 )	/	2146.058	*	365 / 2
=	1176.9915					/	2146.058	*	365 / 2
=	100.09

China Literature Days Payable Related Terms

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China Literature (HKSE:00772) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » China Literature Ltd (HKSE:00772) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHLLF:USA C2X:Germany

Address

No. 5169 Binjiang Avenue, N3 Lujiazui Binjiang Center, Pudong New Area, Shanghai, CHN, 200135

Website

https://ir.yuewen.com

China Literature Ltd is an investment holding company. The company along with its subsidiaries provides online reading services, copyright commercialization, writer cultivation and brokerage, and operation of text work reading. It generates its revenue from Online reading through self-owned platform products. it operates in two segments: Online business and Intellectual property operations and others. The Online business segment that derives the majority of revenue comprises online paid reading, online advertising, and game publishing. The Intellectual property operations and others segment includes licensing and distribution of film and television properties, copyrights licensing, sales of adaptation rights and scripts, sales of physical books, in-house online games operations.

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