Beijing Kingsoft Office Software (SHSE:688111) Days Payable : 212.02 (As of Mar. 2024)

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What is Beijing Kingsoft Office Software Days Payable?

Beijing Kingsoft Office Software's average Accounts Payable for the three months ended in Mar. 2024 was ¥433 Mil. Beijing Kingsoft Office Software's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥186 Mil. Hence, Beijing Kingsoft Office Software's Days Payable for the three months ended in Mar. 2024 was 212.02.

The historical rank and industry rank for Beijing Kingsoft Office Software's Days Payable or its related term are showing as below:

SHSE:688111' s Days Payable Range Over the Past 10 Years
Min: 89.98 Med: 121.85 Max: 207.01
Current: 197.29

During the past 10 years, Beijing Kingsoft Office Software's highest Days Payable was 207.01. The lowest was 89.98. And the median was 121.85.

SHSE:688111's Days Payable is ranked better than
83.41% of 2525 companies
in the Software industry
Industry Median: 50.55 vs SHSE:688111: 197.29

Beijing Kingsoft Office Software's Days Payable declined from Mar. 2023 (216.64) to Mar. 2024 (212.02). It may suggest that Beijing Kingsoft Office Software accelerated paying its suppliers.

Beijing Kingsoft Office Software Days Payable Historical Data

The historical data trend for Beijing Kingsoft Office Software'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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Beijing Kingsoft Office Software Days Payable Chart

Beijing Kingsoft Office Software Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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104.18

131.64

149.87

162.33

207.01

Beijing Kingsoft Office Software 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															216.64	196.52	197.47	186.77	212.02

Competitive Comparison of Beijing Kingsoft Office Software's Days Payable

For the Software - Application subindustry, Beijing Kingsoft Office Software'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.

Beijing Kingsoft Office Software's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Beijing Kingsoft Office Software's Days Payable falls into.

Beijing Kingsoft Office Software 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.

Beijing Kingsoft Office Software'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
=	( (306.305	+	453.485)	/	2 )	/	669.84	*	365
=	379.895					/	669.84	*	365
=	207.01

Beijing Kingsoft Office Software'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
=	( (453.485	+	412.007)	/	2 )	/	186.246	*	365 / 4
=	432.746					/	186.246	*	365 / 4
=	212.02

Beijing Kingsoft Office Software Days Payable Related Terms

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Beijing Kingsoft Office Software (SHSE:688111) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Beijing Kingsoft Office Software Inc (SHSE:688111) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No.33 Xiaoying West Road, Jinshan Software Building, Haidian District, Beijing, CHN, 100085

Website

http://www.kingsoft.com

Beijing Kingsoft Office Software Inc is engaged in designing, development and sale of WPS Office software products and services. Its product portfolio includes WPS Office Pro 2016, WPS mobile office platform, WPS Office Personal Edition, WPS Office Mobile, and Kingsoft Power Enterprise Edition.

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