Digital China Group Co (SZSE:000034) Days Payable : 41.24 (As of Mar. 2024)

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What is Digital China Group Co Days Payable?

Digital China Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥12,624 Mil. Digital China Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥27,933 Mil. Hence, Digital China Group Co's Days Payable for the three months ended in Mar. 2024 was 41.24.

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

SZSE:000034' s Days Payable Range Over the Past 10 Years
Min: 29.49 Med: 38.35 Max: 43.54
Current: 37.31

During the past 13 years, Digital China Group Co's highest Days Payable was 43.54. The lowest was 29.49. And the median was 38.35.

SZSE:000034's Days Payable is ranked worse than
59.54% of 2536 companies
in the Software industry
Industry Median: 50.1 vs SZSE:000034: 37.31

Digital China Group Co's Days Payable declined from Mar. 2023 (43.92) to Mar. 2024 (41.24). It may suggest that Digital China Group Co accelerated paying its suppliers.

Digital China Group Co Days Payable Historical Data

The historical data trend for Digital China Group 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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Digital China Group Co Days Payable Chart

Digital China Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.44

40.10

36.49

43.54

40.72

Digital China Group 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															43.92	39.25	37.19	31.37	41.24

Competitive Comparison of Digital China Group Co's Days Payable

For the Information Technology Services subindustry, Digital China Group 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.

Digital China Group Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Digital China Group Co's Days Payable falls into.

Digital China Group 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.

Digital China Group 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
=	( (13026.96	+	12600.458)	/	2 )	/	114854.012	*	365
=	12813.709					/	114854.012	*	365
=	40.72

Digital China Group 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
=	( (12600.458	+	12647.036)	/	2 )	/	27932.522	*	365 / 4
=	12623.747					/	27932.522	*	365 / 4
=	41.24

Digital China Group Co Days Payable Related Terms

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Digital China Group Co (SZSE:000034) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digital China Group Co Ltd (SZSE:000034) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 8 Kefa Road, Yuehai Street, Building E1, Floor 11, Building 1, Financial Base, Nanshan District, Guangdong Province, Shenzhen, CHN, 100085

Website

http://www.digitalchina.com

Digital China Group Co Ltd is a China-based integrated IT service provider. It is engaged in the business activity of providing services which include product marketing, capital logistics, localized technical support, large data services and cloud computing infrastructure.

Executives

Yang Ming Lang	Executives
Liu Xin	Secretary Dong
Lv Jing	Executives
Xin Xin	Director
Lu Ming	Executives
Chen Zhen Kun	Executives
Li Yan	Executives
Han Zhi Min	Executives
Ye Hai Qiang	Executives
Hao Jun Cheng	Executives
Zhou Li Da	Executives
Wang Xiao Yan	Director
Wu Hao	Executives
Tang Kai	Executives
Wang Ji Ye	Secretary Dong

Digital China Group Co (SZSE:000034) Headlines

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