Sinosoft Technology Group (HKSE:01297) Days Payable : 134.43 (As of Jun. 2023)

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What is Sinosoft Technology Group Days Payable?

Sinosoft Technology Group's average Accounts Payable for the six months ended in Jun. 2023 was HK$87.7 Mil. Sinosoft Technology Group's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$119.1 Mil. Hence, Sinosoft Technology Group's Days Payable for the six months ended in Jun. 2023 was 134.43.

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

HKSE:01297' s Days Payable Range Over the Past 10 Years
Min: 69.01 Med: 103.58 Max: 155.37
Current: 69.01

During the past 11 years, Sinosoft Technology Group's highest Days Payable was 155.37. The lowest was 69.01. And the median was 103.58.

HKSE:01297's Days Payable is not ranked
in the Software industry.
Industry Median: 50.54 vs HKSE:01297: 69.01

Sinosoft Technology Group's Days Payable increased from Jun. 2022 (104.01) to Jun. 2023 (134.43). It may suggest that Sinosoft Technology Group delayed paying its suppliers.

Sinosoft Technology Group Days Payable Historical Data

The historical data trend for Sinosoft Technology Group'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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Sinosoft Technology Group Days Payable Chart

Sinosoft Technology Group Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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121.66

155.37

120.52

80.55

77.96

Sinosoft Technology Group Semi-Annual Data
	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															105.47	56.20	104.01	48.67	134.43

Competitive Comparison of Sinosoft Technology Group's Days Payable

For the Software - Application subindustry, Sinosoft Technology Group'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.

Sinosoft Technology Group's Days Payable Distribution in the Software Industry

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

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

Sinosoft Technology Group 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.

Sinosoft Technology Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (102.88	+	97.02)	/	2 )	/	467.957	*	365
=	99.95					/	467.957	*	365
=	77.96

Sinosoft Technology Group's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (97.02	+	78.376)	/	2 )	/	119.059	*	365 / 2
=	87.698					/	119.059	*	365 / 2
=	134.43

Sinosoft Technology Group Days Payable Related Terms

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Sinosoft Technology Group (HKSE:01297) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Sinosoft Technology Group Ltd (HKSE:01297) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 26 Tianpu Road, Jiangpu Street, Pukou District, Jiangsu, Nanjing City, CHN

Website

https://www.sinosoft-technology.com

Sinosoft Technology Group Ltd is a Hong Kong-based provider of application software products and solutions. The firm's operations are organized in two segments: Government big data software and related services, Low carbon & ecology software and related services.

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