Hydsoft Technology Co (SZSE:301316) Days Payable : 21.28 (As of Mar. 2024)

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What is Hydsoft Technology Co Days Payable?

Hydsoft Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥65 Mil. Hydsoft Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥280 Mil. Hence, Hydsoft Technology Co's Days Payable for the three months ended in Mar. 2024 was 21.28.

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

SZSE:301316' s Days Payable Range Over the Past 10 Years
Min: 4.51 Med: 10.84 Max: 20.96
Current: 16.84

During the past 8 years, Hydsoft Technology Co's highest Days Payable was 20.96. The lowest was 4.51. And the median was 10.84.

SZSE:301316's Days Payable is ranked worse than
83.45% of 2531 companies
in the Software industry
Industry Median: 50.13 vs SZSE:301316: 16.84

Hydsoft Technology Co's Days Payable increased from Mar. 2023 (13.74) to Mar. 2024 (21.28). It may suggest that Hydsoft Technology Co delayed paying its suppliers.

Hydsoft Technology Co Days Payable Historical Data

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

Hydsoft Technology Co Annual Data

Trend

Dec13

Dec14

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14.39

13.75

8.44

10.90

20.96

Hydsoft Technology Co Quarterly Data
	Dec13	Dec14	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial													13.74	12.89	15.31	19.87	21.28

Competitive Comparison of Hydsoft Technology Co's Days Payable

For the Information Technology Services subindustry, Hydsoft 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.

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

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

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

Hydsoft 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.

Hydsoft 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
=	( (39.198	+	78.967)	/	2 )	/	1028.851	*	365
=	59.0825					/	1028.851	*	365
=	20.96

Hydsoft 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
=	( (78.967	+	51.534)	/	2 )	/	279.797	*	365 / 4
=	65.2505					/	279.797	*	365 / 4
=	21.28

Hydsoft Technology Co Days Payable Related Terms

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Hydsoft Technology Co (SZSE:301316) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hydsoft Technology Co Ltd (SZSE:301316) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 11 Liangzhan Road, Renhe Street, Room 309, 3rd Floor, Building 1, Yuhang District, Zhejiang Province, Hangzhou, CHN, 311107

Website

https://www.hydsoft.com

Hydsoft Technology Co Ltd is engaged in providing professional information technology outsourcing services to customers.

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