Huitongda Network Co (HKSE:09878) Days Payable : 76.55 (As of Dec. 2023)

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What is Huitongda Network Co Days Payable?

Huitongda Network Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$17,254 Mil. Huitongda Network Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$41,137 Mil. Hence, Huitongda Network Co's Days Payable for the six months ended in Dec. 2023 was 76.55.

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

HKSE:09878' s Days Payable Range Over the Past 10 Years
Min: 68.18 Med: 71.82 Max: 91.02
Current: 71.66

During the past 6 years, Huitongda Network Co's highest Days Payable was 91.02. The lowest was 68.18. And the median was 71.82.

HKSE:09878's Days Payable is ranked better than
60.06% of 2531 companies
in the Software industry
Industry Median: 50.36 vs HKSE:09878: 71.66

Huitongda Network Co's Days Payable increased from Dec. 2022 (72.20) to Dec. 2023 (76.55). It may suggest that Huitongda Network Co delayed paying its suppliers.

Huitongda Network Co Days Payable Historical Data

The historical data trend for Huitongda Network 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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Huitongda Network Co Days Payable Chart

Huitongda Network Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

68.18

73.30

72.76

70.88

70.77

Huitongda Network Co Semi-Annual Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				75.85	71.35	72.20	68.13	76.55

Competitive Comparison of Huitongda Network Co's Days Payable

For the Software - Application subindustry, Huitongda Network 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.

Huitongda Network Co's Days Payable Distribution in the Software Industry

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

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

Huitongda Network 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.

Huitongda Network 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
=	( (16830.434	+	16971.115)	/	2 )	/	87166.298	*	365
=	16900.7745					/	87166.298	*	365
=	70.77

Huitongda Network Co'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
=	( (17537.5	+	16971.115)	/	2 )	/	41136.512	*	365 / 2
=	17254.3075					/	41136.512	*	365 / 2
=	76.55

Huitongda Network Co Days Payable Related Terms

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Huitongda Network Co (HKSE:09878) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Huitongda Network Co Ltd (HKSE:09878) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

50 Zhongling Street, Huitongda Building, Jiangsu Province, Nanjing, CHN

Website

https://www.htd.cn

Huitongda Network Co Ltd is a transaction and service platform serving corporate customers in China's retail industry, and is committed to providing high-quality goods and services for China's sinking market. In addition, Huitongda also provides store SaaS and merchant solutions to retail stores and channel cooperation customers in the industrial value chain by virtue of its digital capabilities, and provides a stable one-stop supply chain to member retail stores, including providing rich and diverse services on the platform.

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