Shanghai Suochen Information Technology Co (SHSE:688507) Days Payable : 454.05 (As of Mar. 2024)

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What is Shanghai Suochen Information Technology Co Days Payable?

Shanghai Suochen Information Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥89.2 Mil. Shanghai Suochen Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥17.9 Mil. Hence, Shanghai Suochen Information Technology Co's Days Payable for the three months ended in Mar. 2024 was 454.05.

The historical rank and industry rank for Shanghai Suochen Information Technology Co's Days Payable or its related term are showing as below:

SHSE:688507' s Days Payable Range Over the Past 10 Years
Min: 171.14 Med: 195.58 Max: 329.08
Current: 183.18

During the past 5 years, Shanghai Suochen Information Technology Co's highest Days Payable was 329.08. The lowest was 171.14. And the median was 195.58.

SHSE:688507's Days Payable is ranked better than
82.07% of 2532 companies
in the Software industry
Industry Median: 50.275 vs SHSE:688507: 183.18

Shanghai Suochen Information Technology Co's Days Payable declined from Mar. 2023 (1,066.07) to Mar. 2024 (454.05). It may suggest that Shanghai Suochen Information Technology Co accelerated paying its suppliers.

Shanghai Suochen Information Technology Co Days Payable Historical Data

The historical data trend for Shanghai Suochen Information Technology 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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Shanghai Suochen Information Technology Co Days Payable Chart

Shanghai Suochen Information Technology Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

181.52

270.48

171.14

195.58

329.08

Shanghai Suochen Information Technology Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								1,066.07	572.83	399.23	76.47	454.05

Competitive Comparison of Shanghai Suochen Information Technology Co's Days Payable

For the Software - Application subindustry, Shanghai Suochen Information Technology 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.

Shanghai Suochen Information Technology Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Shanghai Suochen Information Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Suochen Information Technology Co's Days Payable falls into.

Shanghai Suochen Information Technology 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.

Shanghai Suochen Information Technology 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
=	( (79.661	+	96.906)	/	2 )	/	97.919	*	365
=	88.2835					/	97.919	*	365
=	329.08

Shanghai Suochen Information Technology 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
=	( (96.906	+	81.44)	/	2 )	/	17.921	*	365 / 4
=	89.173					/	17.921	*	365 / 4
=	454.05

Shanghai Suochen Information Technology Co Days Payable Related Terms

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Shanghai Suochen Information Technology Co (SHSE:688507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shanghai Suochen Information Technology Co Ltd (SHSE:688507) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 27, Xinjinqiao Road, 2F, Building No. 13, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201206

Website

http://www.demxs.com

Shanghai Suochen Information Technology Co Ltd takes simulation to lead the future, achieve customer innovation as its corporate vision, and develops engineering simulation software and related solutions independently. Suochen Technology is a high-tech enterprise focusing on CAE software R&D, sales and service. Computer Aided Engineering (CAE) refers to the use of computer software to simulate the working status and behavior of products/engineering projects based on physical models in the product/engineering design stage to predict their functional availability, reliability, efficiency and safety. performance, etc., to achieve product/engineering design optimization, to ensure that the product/project achieves the expected function and meets various performance indicators.

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