NetEase (NetEase) Days Payable

: 7.63 (As of Dec. 2023)

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NetEase's average Accounts Payable for the three months ended in Dec. 2023 was $121 Mil. NetEase's Cost of Goods Sold for the three months ended in Dec. 2023 was $1,445 Mil. Hence, NetEase's Days Payable for the three months ended in Dec. 2023 was 7.63.

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

NTES' s Days Payable Range Over the Past 10 Years
Min: 8.77 Med: 21.78 Max: 49.98
Current: 8.77

During the past 13 years, NetEase's highest Days Payable was 49.98. The lowest was 8.77. And the median was 21.78.

NTES's Days Payable is ranked worse than
90.74% of 432 companies
in the Interactive Media industry
Industry Median: 60.825 vs NTES: 8.77

NetEase's Days Payable declined from Dec. 2022 (8.92) to Dec. 2023 (7.63). It may suggest that NetEase accelerated paying its suppliers.

NetEase Days Payable Historical Data

The historical data trend for NetEase'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.

* Premium members only.

NetEase Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

16.06

11.92

9.39

10.79

10.95

NetEase Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																8.92	10.43	7.60	7.16	7.63

Competitive Comparison

For the Electronic Gaming & Multimedia subindustry, NetEase'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.

NetEase Days Payable Distribution

For the Interactive Media industry and Communication Services sector, NetEase's Days Payable distribution charts can be found below:

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

NetEase 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.

NetEase'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
=	( (216.18	+	123.388)	/	2 )	/	5658.772	*	365
=	169.784					/	5658.772	*	365
=	10.95

NetEase'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (118.299	+	123.388)	/	2 )	/	1444.642	*	365 / 4
=	120.8435					/	1444.642	*	365 / 4
=	7.63

NetEase Days Payable Related Terms

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NetEase (NetEase) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEase Inc (NAS:NTES) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NETTF:USA NTESN:Mexico 09999:Hong Kong 0K6G:UK 4Y01:Germany 4Y01:Germany NEH:Germany NEH:Germany NETE34:Brazil NTES:Austria

Address

No. 599 Wangshang Road, NetEase Building, Binjiang District, Hangzhou, CHN, 310052

Website

https://ir.netease.com

NetEase, which started on an internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, cloud music, media, advertising, email, live streaming, online education, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary).