MicroCloud Hologram (MicroCloud Hologram) Days Payable : 195.92 (As of Jun. 2023)

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What is MicroCloud Hologram Days Payable?

MicroCloud Hologram's average Accounts Payable for the three months ended in Jun. 2023 was $8.82 Mil. MicroCloud Hologram's Cost of Goods Sold for the three months ended in Jun. 2023 was $4.11 Mil. Hence, MicroCloud Hologram's Days Payable for the three months ended in Jun. 2023 was 195.92.

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

HOLO' s Days Payable Range Over the Past 10 Years
Min: 77.69 Med: 121.66 Max: 366.3
Current: 91.48

During the past 5 years, MicroCloud Hologram's highest Days Payable was 366.30. The lowest was 77.69. And the median was 121.66.

HOLO's Days Payable is ranked better than
66.67% of 2421 companies
in the Hardware industry
Industry Median: 67.93 vs HOLO: 91.48

MicroCloud Hologram's Days Payable increased from Jun. 2022 (149.65) to Jun. 2023 (195.92). It may suggest that MicroCloud Hologram delayed paying its suppliers.

MicroCloud Hologram Days Payable Historical Data

The historical data trend for MicroCloud Hologram'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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MicroCloud Hologram Days Payable Chart

MicroCloud Hologram Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

366.30

121.66

165.88

77.69

90.33

MicroCloud Hologram Quarterly Data
	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial										46.51	159.10	298.71	195.92	-

Competitive Comparison of MicroCloud Hologram's Days Payable

For the Electronic Components subindustry, MicroCloud Hologram'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.

MicroCloud Hologram's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MicroCloud Hologram's Days Payable distribution charts can be found below:

* The bar in red indicates where MicroCloud Hologram's Days Payable falls into.

MicroCloud Hologram 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.

MicroCloud Hologram'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
=	( (8.779	+	0.184)	/	2 )	/	18.108	*	365
=	4.4815					/	18.108	*	365
=	90.33

MicroCloud Hologram's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (8.839	+	8.797)	/	2 )	/	4.107	*	365 / 4
=	8.818					/	4.107	*	365 / 4
=	195.92

MicroCloud Hologram Days Payable Related Terms

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MicroCloud Hologram (MicroCloud Hologram) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MicroCloud Hologram Inc (NAS:HOLO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yuexing Sixth Road, Zhongkenaneng Building, Room 302, Building A, Nanshan District, Shenzhen, CHN, 518000

Website

MicroCloud Hologram Inc, through its subsidiaries, is mainly engaged in holographic Technology. It includes Holographic solutions, Holographic technology services. The company also provides holographic digital twin technology services for customers and has built a holographic digital twin technology resource library.

Executives

Belief Bi	director	ROOM 302, BUILDING A, ZHONGKENANENG ,, YUEXING SIXTH ROAD, NANSHAN DISTRICT,, SHENZHEN F4 518063
Maggie Wang	director	ROOM 302, BUILDING A, ZHONGKENANENG ,, YUEXING SIXTH ROAD, NANSHAN DISTRICT,, SHENZHEN F4 518063
Guohui Kang	director, officer: CEO	ROOM 302, BUILDING A ZHONGKENANENG, YUEXING SIXTH ROAD, SHENZHEN NANSHAN DISTRICT F4 518063
Wei Peng	director, 10 percent owner	ROOM 302, BUILDING A ZHONGKENANENG, YUEXING SIXTH ROAD, SHENZHEN NANSHAN DISTRICT F4 518063
Tiger Initiative Investment Ltd	10 percent owner	SERTUS CHAMBERS, P.O. BOX 905, QUASTISKY BUILDING, ROAD TOWN, TORTOLA D8 VG1110
Bei Zhen	officer: CFO	GOVERNORS SQUARE, SUITE #5-204, ,23 LIME TREE BAY AVENUE, P.O. BOX 2547, GRAND CAYMAN E9 KY1-1104
Mi Zhou	director	GOVERNORS SQUARE, SUITE #5-204, 23 LIME TREE BAY AVENUE, P.O. BOX 2547, GRAND CAYMAN E9 KY1-1104
Best Road Holdings Ltd	10 percent owner	SERTUS CHAMBERS, P.O. BOX 905, QUASTISKY BUILDING, ROAD TOWN, TORTOLA D8 VG1110
Han Qin	director	GOVERNORS SQUARE, SUITE #5-204, 23 LIME TREE BAY AVENUE, P.O. BOX 2547, GRAND CAYMAN E9 KY1-1104
Jianbo Zhou	officer: CTO	ROOM 302, BUILDING A ZHONGKENANENG, YUEXING SIXTH ROAD, SHENZHEN NANSHAN DISTRICT F4 518063
Guolong Qi	officer: COO	ROOM 302, BUILDING A ZHONGKENANENG, YUEXING SIXTH ROAD, SHENZHEN NANSHAN DISTRICT F4 518063
Greenland Asset Management Corp	10 percent owner	WEST WING, YONGDA INTERNATIONAL TOWER, NO. 2277 LONGYANG ROAD, PUDONG SHANGHAI F4 100006
Xu Zhang	director	100 PARK AVENUE, NEW YORK NY 10017
Hai Lin	director	100 PARK AVENUE, NEW YORK NY 10017
Shaosen Cheng	director, officer: Chief Executive Officer	100 PARK AVENUE, NEW YORK NY 10017