360 Ludashi Holdings (HKSE:03601) Days Payable : 30.78 (As of Dec. 2023)

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What is 360 Ludashi Holdings Days Payable?

360 Ludashi Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$78.1 Mil. 360 Ludashi Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$463.3 Mil. Hence, 360 Ludashi Holdings's Days Payable for the six months ended in Dec. 2023 was 30.78.

The historical rank and industry rank for 360 Ludashi Holdings's Days Payable or its related term are showing as below:

HKSE:03601' s Days Payable Range Over the Past 10 Years
Min: 17.66 Med: 39.36 Max: 69.35
Current: 31.76

During the past 8 years, 360 Ludashi Holdings's highest Days Payable was 69.35. The lowest was 17.66. And the median was 39.36.

HKSE:03601's Days Payable is ranked worse than
67.82% of 432 companies
in the Interactive Media industry
Industry Median: 60.97 vs HKSE:03601: 31.76

360 Ludashi Holdings's Days Payable declined from Dec. 2022 (45.21) to Dec. 2023 (30.78). It may suggest that 360 Ludashi Holdings accelerated paying its suppliers.

360 Ludashi Holdings Days Payable Historical Data

The historical data trend for 360 Ludashi Holdings'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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360 Ludashi Holdings Days Payable Chart

360 Ludashi Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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28.82

40.31

38.40

43.68

26.64

360 Ludashi Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								70.23	41.48	45.21	41.77	30.78

Competitive Comparison of 360 Ludashi Holdings's Days Payable

For the Internet Content & Information subindustry, 360 Ludashi Holdings'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.

360 Ludashi Holdings's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, 360 Ludashi Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where 360 Ludashi Holdings's Days Payable falls into.

360 Ludashi Holdings 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.

360 Ludashi Holdings'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
=	( (22.353	+	77.516)	/	2 )	/	684.213	*	365
=	49.9345					/	684.213	*	365
=	26.64

360 Ludashi Holdings'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
=	( (78.75	+	77.516)	/	2 )	/	463.321	*	365 / 2
=	78.133					/	463.321	*	365 / 2
=	30.78

360 Ludashi Holdings Days Payable Related Terms

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360 Ludashi Holdings (HKSE:03601) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » 360 Ludashi Holdings Ltd (HKSE:03601) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1268 Tianfu Avenue, 11th Floor, 11-24 Tianfu Software Site E1, High-tech Zone, Sichuan Province, Chengdu, CHN, 610041

Website

https://www.ludashi.com

360 Ludashi Holdings Ltd is a hardware and system benchmarking and monitoring solutions provider for PC and mobile devices in China. It is principally engaged in the online traffic monetization, electronic devices sales, provision of online advertising services, online game business, sales of smart accessories, certified pre-owned and factory smartphones and certified pre-owned and factory other electronic devices in the PRC. It derives a majority of revenue from online advertising services.

360 Ludashi Holdings (HKSE:03601) Headlines

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