Guotai Epoint Sofware Co (SHSE:688232) Days Payable : 311.05 (As of Mar. 2024)

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What is Guotai Epoint Sofware Co Days Payable?

Guotai Epoint Sofware Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥316 Mil. Guotai Epoint Sofware Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥93 Mil. Hence, Guotai Epoint Sofware Co's Days Payable for the three months ended in Mar. 2024 was 311.05.

The historical rank and industry rank for Guotai Epoint Sofware Co's Days Payable or its related term are showing as below:

SHSE:688232' s Days Payable Range Over the Past 10 Years
Min: 75.66 Med: 90.1 Max: 121.06
Current: 119.45

During the past 7 years, Guotai Epoint Sofware Co's highest Days Payable was 121.06. The lowest was 75.66. And the median was 90.10.

SHSE:688232's Days Payable is ranked better than
73.13% of 2531 companies
in the Software industry
Industry Median: 50.13 vs SHSE:688232: 119.45

Guotai Epoint Sofware Co's Days Payable increased from Mar. 2023 (192.84) to Mar. 2024 (311.05). It may suggest that Guotai Epoint Sofware Co delayed paying its suppliers.

Guotai Epoint Sofware Co Days Payable Historical Data

The historical data trend for Guotai Epoint Sofware Co'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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Guotai Epoint Sofware Co Days Payable Chart

Guotai Epoint Sofware Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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82.59

75.66

96.81

121.06

Guotai Epoint Sofware Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														192.84	112.73	164.86	69.67	311.05

Competitive Comparison of Guotai Epoint Sofware Co's Days Payable

For the Software - Application subindustry, Guotai Epoint Sofware Co'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.

Guotai Epoint Sofware Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Guotai Epoint Sofware Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Guotai Epoint Sofware Co's Days Payable falls into.

Guotai Epoint Sofware Co 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.

Guotai Epoint Sofware Co'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
=	( (282.352	+	342.676)	/	2 )	/	942.258	*	365
=	312.514					/	942.258	*	365
=	121.06

Guotai Epoint Sofware Co'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
=	( (342.676	+	288.651)	/	2 )	/	92.603	*	365 / 4
=	315.6635					/	92.603	*	365 / 4
=	311.05

Guotai Epoint Sofware Co Days Payable Related Terms

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Guotai Epoint Sofware Co (SHSE:688232) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Guotai Epoint Sofware Co Ltd (SHSE:688232) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Changxing Road, Zhangjiagang Economic Development Zone, Jiangsu Province, Zhangjiagang, Suzhou, CHN, 215600

Website

https://www.epoint.com

Guotai Epoint Sofware Co Ltd provides software-centric smart overall solutions for the three sub-fields of smart recruitment, smart government and digital construction in smart cities.

Executives

Jiang Xiao Feng

Supervisors

Guotai Epoint Sofware Co (SHSE:688232) Headlines

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