Inesa Intelligent Tech (SHSE:600602) Days Payable : 90.23 (As of Mar. 2024)

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What is Inesa Intelligent Tech Days Payable?

Inesa Intelligent Tech's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,151 Mil. Inesa Intelligent Tech's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,164 Mil. Hence, Inesa Intelligent Tech's Days Payable for the three months ended in Mar. 2024 was 90.23.

The historical rank and industry rank for Inesa Intelligent Tech's Days Payable or its related term are showing as below:

SHSE:600602' s Days Payable Range Over the Past 10 Years
Min: 44.67 Med: 84.31 Max: 97.12
Current: 81.6

During the past 13 years, Inesa Intelligent Tech's highest Days Payable was 97.12. The lowest was 44.67. And the median was 84.31.

SHSE:600602's Days Payable is ranked better than
63.43% of 2532 companies
in the Software industry
Industry Median: 50.275 vs SHSE:600602: 81.60

Inesa Intelligent Tech's Days Payable declined from Mar. 2023 (91.48) to Mar. 2024 (90.23). It may suggest that Inesa Intelligent Tech accelerated paying its suppliers.

Inesa Intelligent Tech Days Payable Historical Data

The historical data trend for Inesa Intelligent Tech'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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Inesa Intelligent Tech Days Payable Chart

Inesa Intelligent Tech Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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84.07

94.95

82.31

84.55

97.12

Inesa Intelligent Tech Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															91.48	74.92	88.19	83.30	90.23

Competitive Comparison of Inesa Intelligent Tech's Days Payable

For the Software - Infrastructure subindustry, Inesa Intelligent Tech'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.

Inesa Intelligent Tech's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Inesa Intelligent Tech's Days Payable distribution charts can be found below:

* The bar in red indicates where Inesa Intelligent Tech's Days Payable falls into.

Inesa Intelligent Tech 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.

Inesa Intelligent Tech'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
=	( (867.285	+	1430.072)	/	2 )	/	4316.849	*	365
=	1148.6785					/	4316.849	*	365
=	97.12

Inesa Intelligent Tech's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (1430.072	+	872.793)	/	2 )	/	1164.478	*	365 / 4
=	1151.4325					/	1164.478	*	365 / 4
=	90.23

Inesa Intelligent Tech Days Payable Related Terms

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Inesa Intelligent Tech (SHSE:600602) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Inesa Intelligent Tech Inc (SHSE:600602) » Definitions » Days Payable

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Traded in Other Exchanges

900901:China

Address

No. 200 Zhang Heng Road, Zhangjiang Hi-Tech Park, Building 1, 2nd Floor, Pudong New Area, Shanghai, CHN

Website

http://www.inesa-it.com

Inesa Intelligent Tech Inc is an information technology company. It is a cloud computing and big data, business intelligence solutions and products for the core business of specialized information technology services company.

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