Newlink Technology (Newlink Technology) Days Payable : 93.04 (As of Dec. 2023)

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What is Newlink Technology Days Payable?

Newlink Technology's average Accounts Payable for the six months ended in Dec. 2023 was $8.25 Mil. Newlink Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was $16.18 Mil. Hence, Newlink Technology's Days Payable for the six months ended in Dec. 2023 was 93.04.

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

NWLTF' s Days Payable Range Over the Past 10 Years
Min: 13.25 Med: 24.65 Max: 83.98
Current: 82.95

During the past 7 years, Newlink Technology's highest Days Payable was 83.98. The lowest was 13.25. And the median was 24.65.

NWLTF's Days Payable is ranked better than
64.08% of 2525 companies
in the Software industry
Industry Median: 50.55 vs NWLTF: 82.95

Newlink Technology's Days Payable increased from Dec. 2022 (30.64) to Dec. 2023 (93.04). It may suggest that Newlink Technology delayed paying its suppliers.

Newlink Technology Days Payable Historical Data

The historical data trend for Newlink Technology'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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Newlink Technology Days Payable Chart

Newlink Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.24

15.48

24.70

34.96

84.05

Newlink Technology Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							14.58	26.55	30.64	69.26	93.04

Competitive Comparison of Newlink Technology's Days Payable

For the Software - Application subindustry, Newlink Technology'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.

Newlink Technology's Days Payable Distribution in the Software Industry

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

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

Newlink Technology 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.

Newlink Technology'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
=	( (3.395	+	10.047)	/	2 )	/	29.187	*	365
=	6.721					/	29.187	*	365
=	84.05

Newlink Technology'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
=	( (6.45	+	10.047)	/	2 )	/	16.179	*	365 / 2
=	8.2485					/	16.179	*	365 / 2
=	93.04

Newlink Technology Days Payable Related Terms

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Newlink Technology (Newlink Technology) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Newlink Technology Inc (OTCPK:NWLTF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

09600:Hong Kong

Address

Xueqing Road, 5th Floor, Tower A, Xueqing Jiachuang Building, Haidian District, Beijing, CHN, 100083

Website

https://www.xnewtech.com

Newlink Technology Inc is an investment holding company that provides IT solutions, technology-driven IT solutions based on self-developed software products. It provides traditional solution services to its customers involved in specific industries, such as finance, medical, transportation, and logistics as well as general industries. Geographically, all business activities are carried out in China.

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