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Lichen China (Lichen China) Days Payable : 1.26 (As of Dec. 2023)


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What is Lichen China Days Payable?

Lichen China's average Accounts Payable for the six months ended in Dec. 2023 was $0.06 Mil. Lichen China's Cost of Goods Sold for the six months ended in Dec. 2023 was $9.34 Mil. Hence, Lichen China's Days Payable for the six months ended in Dec. 2023 was 1.26.

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

LICN' s Days Payable Range Over the Past 10 Years
Min: 2.29   Med: 2.91   Max: 3.81
Current: 2.29

During the past 4 years, Lichen China's highest Days Payable was 3.81. The lowest was 2.29. And the median was 2.91.

LICN's Days Payable is ranked worse than
97.29% of 922 companies
in the Business Services industry
Industry Median: 47.445 vs LICN: 2.29

Lichen China's Days Payable declined from Dec. 2022 (3.94) to Dec. 2023 (1.26). It may suggest that Lichen China accelerated paying its suppliers.

Lichen China Days Payable Historical Data

The historical data trend for Lichen China'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.

* Premium members only.

Lichen China Days Payable Chart

Lichen China Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Days Payable
2.93 2.88 3.81 2.62

Lichen China Semi-Annual Data
Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23
Days Payable Get a 7-Day Free Trial 2.76 4.80 3.94 3.43 1.26

Competitive Comparison of Lichen China's Days Payable

For the Specialty Business Services subindustry, Lichen China'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.

Lichen China's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Lichen China's Days Payable distribution charts can be found below:

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


Lichen China 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.

Lichen China'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
=( (0.161 + 0.061) / 2 ) / 15.439*365
=0.111 / 15.439*365
=2.62

Lichen China'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
=( (0.068 + 0.061) / 2 ) / 9.341*365 / 2
=0.0645 / 9.341*365 / 2
=1.26

* 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.

Lichen China Days Payable Related Terms

Thank you for viewing the detailed overview of Lichen China's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Lichen China (Lichen China) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Lichen China Ltd (NAS:LICN) » Definitions » Days Payable
Comparable Companies
TISI SGRP WHLM SFRX NTIP GPAK GPOX ADMQ SMX ELVG LSE:REL TSX:TRI CTAS CPRT XAMS:WKL GPN XPAR:SW LSE:RTO ASX:BXB TSX:RBA
Traded in Other Exchanges
N/A
Address
888 Century Avenue Meiling Street, Tower 3, Jinjiang Wanda Plaza Commercial Complex, B2306, Block B, Fujian Province, Jinjiang, CHN, 362000
Website
https://www.lichenzx.com
Lichen China Ltd is a holding company. The company, along with its subsidiaries provides financial and taxation solution services; education support services; and software and maintenance services. The company generates Majority revenue from Financial and taxation solution services.