Sinodata Co (SZSE:002657) Days Payable : 233.02 (As of Mar. 2024)

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What is Sinodata Co Days Payable?

Sinodata Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥244.0 Mil. Sinodata Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥95.6 Mil. Hence, Sinodata Co's Days Payable for the three months ended in Mar. 2024 was 233.02.

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

SZSE:002657' s Days Payable Range Over the Past 10 Years
Min: 50.43 Med: 90.49 Max: 150.61
Current: 134.01

During the past 13 years, Sinodata Co's highest Days Payable was 150.61. The lowest was 50.43. And the median was 90.49.

SZSE:002657's Days Payable is ranked better than
75.59% of 2536 companies
in the Software industry
Industry Median: 50.42 vs SZSE:002657: 134.01

Sinodata Co's Days Payable increased from Mar. 2023 (126.50) to Mar. 2024 (233.02). It may suggest that Sinodata Co delayed paying its suppliers.

Sinodata Co Days Payable Historical Data

The historical data trend for Sinodata 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.

* Premium members only.

Sinodata Co Days Payable Chart

Sinodata Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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85.56

95.19

106.94

138.19

150.61

Sinodata 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															126.50	156.69	130.67	91.23	233.02

Competitive Comparison of Sinodata Co's Days Payable

For the Software - Application subindustry, Sinodata 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.

Sinodata Co's Days Payable Distribution in the Software Industry

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

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

Sinodata 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.

Sinodata 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
=	( (386.952	+	268.717)	/	2 )	/	794.512	*	365
=	327.8345					/	794.512	*	365
=	150.61

Sinodata 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
=	( (268.717	+	219.358)	/	2 )	/	95.564	*	365 / 4
=	244.0375					/	95.564	*	365 / 4
=	233.02

Sinodata Co Days Payable Related Terms

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Sinodata Co (SZSE:002657) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinodata Co Ltd (SZSE:002657) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

College Road, Haidian District, Building 39, 10th Floor, Beijing, CHN, 100191

Website

http://www.sinodata.net.cn

Sinodata Co Ltd is a software and information service company. The firm is mainly engaged in the design and development of the software applications and platforms for banking and other financial institutions. The company focuses on the internet banking cloud platform, financial asset trading platform, supply chain financial service platform, an e-commerce platform, and mobile payment operations.

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