Taoping (Taoping) Days Payable : 13.85 (As of Dec. 2023)

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What is Taoping Days Payable?

Taoping's average Accounts Payable for the six months ended in Dec. 2023 was $1.49 Mil. Taoping's Cost of Goods Sold for the six months ended in Dec. 2023 was $19.58 Mil. Hence, Taoping's Days Payable for the six months ended in Dec. 2023 was 13.85.

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

TAOP' s Days Payable Range Over the Past 10 Years
Min: 19.11 Med: 310.62 Max: 707
Current: 21.48

During the past 13 years, Taoping's highest Days Payable was 707.00. The lowest was 19.11. And the median was 310.62.

TAOP's Days Payable is ranked worse than
77.34% of 2524 companies
in the Software industry
Industry Median: 50.7 vs TAOP: 21.48

Taoping's Days Payable declined from Dec. 2022 (52.54) to Dec. 2023 (13.85). It may suggest that Taoping accelerated paying its suppliers.

Taoping Days Payable Historical Data

The historical data trend for Taoping'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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Taoping Days Payable Chart

Taoping Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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619.90

707.00

334.41

114.50

19.11

Taoping Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															252.87	254.81	52.54	39.59	13.85

Competitive Comparison of Taoping's Days Payable

For the Software - Infrastructure subindustry, Taoping'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.

Taoping's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Taoping's Days Payable falls into.

Taoping 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.

Taoping'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
=	( (2.287	+	0.832)	/	2 )	/	29.784	*	365
=	1.5595					/	29.784	*	365
=	19.11

Taoping's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.14	+	0.832)	/	2 )	/	19.581	*	365 / 2
=	1.486					/	19.581	*	365 / 2
=	13.85

Taoping Days Payable Related Terms

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Taoping (Taoping) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Taoping Inc (NAS:TAOP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Everbright Bank Building, 21st Floor, Zhuzilin, Futian District, Guangdong, Shenzhen, CHN, 518040

Website

https://www.taop.com

Taoping Inc is a provider of cloud-app technologies for smart city IoT platforms, digital advertising delivery, and other internet-based information distribution systems in China. Its operating segment includes Cloud-based Technology (CBT), Blockchain Technology (BT), and Traditional Information Technology (TIT). It generates maximum revenue from the CBT segment. CBT segment includes cloud-based products and services offered to customers in the private sector including new media, healthcare, education, and residential community management.