Geovis Technology Co (SHSE:688568) Days Payable : 507.00 (As of Mar. 2024)

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What is Geovis Technology Co Days Payable?

Geovis Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,208 Mil. Geovis Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥217 Mil. Hence, Geovis Technology Co's Days Payable for the three months ended in Mar. 2024 was 507.00.

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

SHSE:688568' s Days Payable Range Over the Past 10 Years
Min: 76.79 Med: 208.68 Max: 287.91
Current: 262.67

During the past 8 years, Geovis Technology Co's highest Days Payable was 287.91. The lowest was 76.79. And the median was 208.68.

SHSE:688568's Days Payable is ranked better than
86.84% of 2531 companies
in the Software industry
Industry Median: 50.13 vs SHSE:688568: 262.67

Geovis Technology Co's Days Payable declined from Mar. 2023 (565.89) to Mar. 2024 (507.00). It may suggest that Geovis Technology Co accelerated paying its suppliers.

Geovis Technology Co Days Payable Historical Data

The historical data trend for Geovis 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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Geovis Technology Co Days Payable Chart

Geovis Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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215.58

208.36

208.99

264.86

287.91

Geovis Technology Co 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															565.89	339.10	219.86	171.38	507.00

Competitive Comparison of Geovis Technology Co's Days Payable

For the Software - Application subindustry, Geovis 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.

Geovis Technology Co's Days Payable Distribution in the Software Industry

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

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

Geovis 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.

Geovis 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
=	( (806.397	+	1244.038)	/	2 )	/	1299.725	*	365
=	1025.2175					/	1299.725	*	365
=	287.91

Geovis 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
=	( (1244.038	+	1172.114)	/	2 )	/	217.431	*	365 / 4
=	1208.076					/	217.431	*	365 / 4
=	507.00

Geovis Technology Co Days Payable Related Terms

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Geovis Technology Co (SHSE:688568) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Geovis Technology Co Ltd (SHSE:688568) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 2 Airport East Road, Linkong Economic Core District, No. 1, 5 and 7 of No. 1A-4 Industrial Park, Shunyi District, Beijing, CHN, 101399

Website

http://www.geovis.com.cn

Geovis Technology Co Ltd is engaged in provision of digital earth products and technology development services. The technology of remote sensing, geographic information system, satellite positioning and navigation, virtual reality, and other independent research and development of the company digital earth products have a position in the domestic digital earth industry. The company provides software sales and data services, technology development services, digital earth integrated machines and system integration with GEOVIS digital earth products as the core for users in the government, enterprises and special fields.

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