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China Information Technology Inc (NAS:CNIT)
Days Payable
184.73 (As of Jun. 2014)

China Information Technology Inc's payable for the six months ended in Jun. 2014 was $18.42 Mil. China Information Technology Inc's cost of goods sold for the six months ended in Jun. 2014 was $18.20 Mil. Hence, China Information Technology Inc's days payable for the six months ended in Jun. 2014 was 184.73.

China Information Technology Inc's days payable increased from Jun. 2013 (98.19) to Jun. 2014 (184.73). It may suggest that China Information Technology Inc delayed 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/Cost of Goods Sold*Days in Period
=17.858/58.87*365
=110.72

China Information Technology Inc's Days Payable for the quarter that ended in Jun. 2014 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=18.419/18.197*365 / 2
=184.73

* 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 0.000.000.0088.3984.56237.93147.8598.84112.42110.72

China Information Technology Inc Semi-Annual Data

Dec10Mar11Jun11Sep11Dec11Jun12Dec12Jun13Dec13Jun14
DaysPayable 173.89588.94172.28170.39157.87150.900.0098.19111.33184.73
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