Sound Group (Sound Group) Days Payable : 13.85 (As of Sep. 2023)

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What is Sound Group Days Payable?

Sound Group's average Accounts Payable for the three months ended in Sep. 2023 was $6.6 Mil. Sound Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $43.5 Mil. Hence, Sound Group's Days Payable for the three months ended in Sep. 2023 was 13.85.

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

SOGP' s Days Payable Range Over the Past 10 Years
Min: 12.59 Med: 26.8 Max: 57.88
Current: 12.59

During the past 6 years, Sound Group's highest Days Payable was 57.88. The lowest was 12.59. And the median was 26.80.

SOGP's Days Payable is ranked worse than
87.56% of 434 companies
in the Interactive Media industry
Industry Median: 61.28 vs SOGP: 12.59

Sound Group's Days Payable declined from Sep. 2022 (13.99) to Sep. 2023 (13.85). It may suggest that Sound Group accelerated paying its suppliers.

Sound Group Days Payable Historical Data

The historical data trend for Sound Group'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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Sound Group Days Payable Chart

Sound Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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42.42

30.17

23.43

19.07

17.68

Sound Group Quarterly Data
	Sep18	Dec18	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															13.99	11.84	12.98	13.58	13.85

Competitive Comparison of Sound Group's Days Payable

For the Internet Content & Information subindustry, Sound Group'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.

Sound Group's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Sound Group's Days Payable distribution charts can be found below:

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

Sound Group 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.

Sound Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (12.685	+	7.722)	/	2 )	/	210.698	*	365
=	10.2035					/	210.698	*	365
=	17.68

Sound Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (7.178	+	6.021)	/	2 )	/	43.479	*	365 / 4
=	6.5995					/	43.479	*	365 / 4
=	13.85

Sound Group Days Payable Related Terms

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Sound Group (Sound Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Sound Group Inc (NAS:SOGP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yangcheng Creative Industry Zone, No. 309 Middle Huangpu Avenue, Tianhe District, Guangzhou, CHN, 510655

Website

https://www.lizhi.fm

Lizhi Inc is engaged in the operation of providing audio entertainment, podcast, advertising, and others in the People's Republic of China. The company aims to bring people closer together through voices through its product portfolios. It offers LIZHI App, an online UGC audio community, an interactive audio entertainment platform, and an online audio platform in China. The group's revenues comprise audio entertainment revenue, podcast, advertising, and other revenue. It derives a majority of its revenue from the People's Republic of China.