Neusoft (SHSE:600718) Days Payable : 125.33 (As of Mar. 2024)

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What is Neusoft Days Payable?

Neusoft's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,757 Mil. Neusoft's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,279 Mil. Hence, Neusoft's Days Payable for the three months ended in Mar. 2024 was 125.33.

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

SHSE:600718' s Days Payable Range Over the Past 10 Years
Min: 72.05 Med: 84.2 Max: 99.53
Current: 83.42

During the past 13 years, Neusoft's highest Days Payable was 99.53. The lowest was 72.05. And the median was 84.20.

SHSE:600718's Days Payable is ranked better than
64.24% of 2531 companies
in the Software industry
Industry Median: 50.13 vs SHSE:600718: 83.42

Neusoft's Days Payable declined from Mar. 2023 (152.82) to Mar. 2024 (125.33). It may suggest that Neusoft accelerated paying its suppliers.

Neusoft Days Payable Historical Data

The historical data trend for Neusoft'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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Neusoft Days Payable Chart

Neusoft Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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80.19

98.78

99.53

95.86

86.19

Neusoft 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															152.82	110.49	102.93	47.65	125.33

Competitive Comparison of Neusoft's Days Payable

For the Software - Application subindustry, Neusoft'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.

Neusoft's Days Payable Distribution in the Software Industry

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

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

Neusoft 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.

Neusoft'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
=	( (2015.528	+	1758.772)	/	2 )	/	7992.072	*	365
=	1887.15					/	7992.072	*	365
=	86.19

Neusoft'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
=	( (1758.772	+	1754.582)	/	2 )	/	1278.953	*	365 / 4
=	1756.677					/	1278.953	*	365 / 4
=	125.33

Neusoft Days Payable Related Terms

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Neusoft (SHSE:600718) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Neusoft Corp (SHSE:600718) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2 Xinxiu Street, Dongda Software Park, Hunnan New District, Shenyang, Liaoning, CHN, 110179

Website

http://www.neusoft.com.cn

Neusoft Corp provides information technology solutions and services. The company focuses on software technology and provides industry solutions and product engineering solutions, related software products and platforms, and services. It serves the following industries - telecom, energy, finance, government, manufacturing, trade logistics, healthcare, education, transportation, mobile internet, media, and environmental protection. Neusoft offers services like - application development and maintenance, ERP implementation and consulting, testing, performance engineering, software localization and globalization, IT infrastructure, BPO, IT education and training.

Executives

Gai Long Jia	senior management
Wang Jing Xi	senior management
Zhang Xiao Ou	senior management
Wang Yong Feng	Directors, senior managers
Chen Xi Min	Directors, senior managers
Wang Nan	senior management
Xu Hong Li	senior management
Li Jun	senior management
Liu Ji Ren	Director
Diao Ai Li	Supervisors
Yang Wei	Supervisors
Lu Chao Xia	senior management
Zhang Xia	senior management
Jian Guo Dong	senior management
Ge Sheng Liu	Supervisors

Neusoft (SHSE:600718) Headlines

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