Switch to:
China Information Technology Inc (NAS:CNIT)
Days Payable
138.15 (As of Dec. 2014)

China Information Technology Inc's payable for the six months ended in Dec. 2014 was $20.81 Mil. China Information Technology Inc's cost of goods sold for the six months ended in Dec. 2014 was $27.49 Mil. Hence, China Information Technology Inc's days payable for the six months ended in Dec. 2014 was 138.15.

China Information Technology Inc's days payable increased from Dec. 2013 (111.33) to Dec. 2014 (138.15). 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. 2014 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=20.811/45.688*365
=166.26

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

Days Payable=Payable/Cost of Goods Sold*Days in Period
=20.811/27.491*365 / 2
=138.15

* 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

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
DaysPayable 0.000.0088.3984.56237.93147.8598.84112.42110.72166.26

China Information Technology Inc Semi-Annual Data

Jun10Dec10Jun11Dec11Jun12Dec12Jun13Dec13Jun14Dec14
DaysPayable 163.690.0094.000.00150.900.0098.19111.33184.73138.15
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GuruFocus Premium Plus Membership

FEEDBACK