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China Information Technology, Inc. (NAS:CNIT)
Days Payable
0.00 (As of Dec. 2013)

China Information Technology, Inc.'s payable for the three months ended in Dec. 2013 was $0.00 Mil. China Information Technology, Inc.'s revenue for the three months ended in Dec. 2013 was $0.00 Mil.

China Information Technology, Inc.'s days payable declined from Jun. 2012 (350.00) to Dec. 2013 (0.00). It may suggest that China Information Technology, Inc. accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

China Information Technology, Inc.'s Days Payable for the fiscal year that ended in Dec. 2013 is calculated as

Days Payable=Payable/Revenue*Days in Period
=22.479/76.145*365
=107.75

China Information Technology, Inc.'s Days Payable for the quarter that ended in Dec. 2013 is calculated as:

Days Payable=Payable/Revenue*Days in Period
=0/0*91
=

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

China Information Technology, Inc. Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13
DaysPayable 0.0011.650.0037.0454.71132.6095.5473.72101.21107.75

China Information Technology, Inc. Quarterly Data

Mar11Jun11Sep11Dec11Mar12Jun12Sep12Dec12Jun13Dec13
DaysPayable 166.38130.83158.0867.39277.69350.00201.6374.160.000.00
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