iSoftstone Information Technology (Group) Co (SZSE:301236) Days Payable : 19.42 (As of Mar. 2024)

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What is iSoftstone Information Technology (Group) Co Days Payable?

iSoftstone Information Technology (Group) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,036 Mil. iSoftstone Information Technology (Group) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥4,866 Mil. Hence, iSoftstone Information Technology (Group) Co's Days Payable for the three months ended in Mar. 2024 was 19.42.

The historical rank and industry rank for iSoftstone Information Technology (Group) Co's Days Payable or its related term are showing as below:

SZSE:301236' s Days Payable Range Over the Past 10 Years
Min: 2.83 Med: 4.35 Max: 11.31
Current: 11.31

During the past 7 years, iSoftstone Information Technology (Group) Co's highest Days Payable was 11.31. The lowest was 2.83. And the median was 4.35.

SZSE:301236's Days Payable is ranked worse than
90.34% of 2525 companies
in the Software industry
Industry Median: 50.46 vs SZSE:301236: 11.31

iSoftstone Information Technology (Group) Co's Days Payable increased from Mar. 2023 (3.35) to Mar. 2024 (19.42). It may suggest that iSoftstone Information Technology (Group) Co delayed paying its suppliers.

iSoftstone Information Technology (Group) Co Days Payable Historical Data

The historical data trend for iSoftstone Information Technology (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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iSoftstone Information Technology (Group) Co Days Payable Chart

iSoftstone Information Technology (Group) Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

6.02

3.32

2.83

3.13

4.35

iSoftstone Information Technology (Group) Co Quarterly Data
	Dec17	Dec18	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial														3.35	2.96	3.17	3.81	19.42

Competitive Comparison of iSoftstone Information Technology (Group) Co's Days Payable

For the Information Technology Services subindustry, iSoftstone Information Technology (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.

iSoftstone Information Technology (Group) Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, iSoftstone Information Technology (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where iSoftstone Information Technology (Group) Co's Days Payable falls into.

iSoftstone Information Technology (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.

iSoftstone Information Technology (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
=	( (138.554	+	199.439)	/	2 )	/	14194.499	*	365
=	168.9965					/	14194.499	*	365
=	4.35

iSoftstone Information Technology (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
=	( (199.439	+	1871.963)	/	2 )	/	4866.476	*	365 / 4
=	1035.701					/	4866.476	*	365 / 4
=	19.42

iSoftstone Information Technology (Group) Co Days Payable Related Terms

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iSoftstone Information Technology (Group) Co (SZSE:301236) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » iSoftstone Information Technology (Group) Co Ltd (SZSE:301236) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 10, Northwest Wangdong Road, Room 502, 5th Floor, Building 16, East District, Haidian District, Beijing, CHN, 100193

Website

https://www.isoftstone.com

iSoftstone Information Technology (Group) Co Ltd is engaged in providing end-to-end software and digital technology services and digital operations services.

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