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China Information Technology Inc (NAS:CNIT)
Days Payable
0.00 (As of Dec. 2015)

China Information Technology Inc's payable for the six months ended in Dec. 2015 was $6.94 Mil. China Information Technology Inc's cost of goods sold for the six months ended in Dec. 2015 was $-3.43 Mil.

CNIT' s Days Payable Range Over the Past 10 Years
Min: 75.42   Max: 397.15
Current: 397.15

75.42
397.15

During the past 11 years, China Information Technology Inc's highest Days Payable was 397.15. The lowest was 75.42. And the median was 110.72.

CNIT's Days Payable is ranked higher than
96% of the 1351 Companies
in the Global Information Technology Services industry.

( Industry Median: 43.98 vs. CNIT: 397.15 )

China Information Technology Inc's days payable declined from Dec. 2014 (173.15) to Dec. 2015 (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. 2015 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.943/6.381*365
=397.15

China Information Technology Inc's Days Payable for the quarter that ended in Dec. 2015 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.943/-3.427*365 / 2
=

* 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

Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
DaysPayable 0.0088.3984.56237.93147.8598.84112.42110.7275.42397.15

China Information Technology Inc Semi-Annual Data

Jun11Dec11Jun12Dec12Jun13Dec13Jun14Dec14Jun15Dec15
DaysPayable 94.0084.72150.9082.3498.19200.31184.73173.15411.390.00
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