CCID Consulting Co (HKSE:02176) Days Payable : 41.90 (As of Dec. 2023)

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What is CCID Consulting Co Days Payable?

CCID Consulting Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$24.0 Mil. CCID Consulting Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$104.7 Mil. Hence, CCID Consulting Co's Days Payable for the six months ended in Dec. 2023 was 41.90.

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

HKSE:02176' s Days Payable Range Over the Past 10 Years
Min: 5.43 Med: 8.4 Max: 28.24
Current: 28.24

During the past 13 years, CCID Consulting Co's highest Days Payable was 28.24. The lowest was 5.43. And the median was 8.40.

HKSE:02176's Days Payable is ranked worse than
69.07% of 2528 companies
in the Software industry
Industry Median: 50.5 vs HKSE:02176: 28.24

CCID Consulting Co's Days Payable increased from Dec. 2022 (3.30) to Dec. 2023 (41.90). It may suggest that CCID Consulting Co delayed paying its suppliers.

CCID Consulting Co Days Payable Historical Data

The historical data trend for CCID Consulting Co'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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CCID Consulting Co Days Payable Chart

CCID Consulting Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10.31

6.41

5.43

6.46

28.24

CCID Consulting Co 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															3.50	5.69	3.30	4.25	41.90

Competitive Comparison of CCID Consulting Co's Days Payable

For the Information Technology Services subindustry, CCID Consulting Co'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.

CCID Consulting Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where CCID Consulting Co's Days Payable falls into.

CCID Consulting Co 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.

CCID Consulting Co'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
=	( (1.39	+	24.035)	/	2 )	/	164.334	*	365
=	12.7125					/	164.334	*	365
=	28.24

CCID Consulting Co'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
=	( (0	+	24.035)	/	1 )	/	104.687	*	365 / 2
=	24.035					/	104.687	*	365 / 2
=	41.90

CCID Consulting Co Days Payable Related Terms

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CCID Consulting Co (HKSE:02176) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CCID Consulting Co Ltd (HKSE:02176) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CCX:Germany

Address

66 Zizhuyuan Road, 10th Floor, CCID Plaza, Haidian District, Beijing, CHN, 100048

Website

http://www.ccidconsulting.com

CCID Consulting Co Ltd is engaged in the provision of management and strategic consultancy services, market consultancy services, information engineering supervision services, data information design services, training courses services and subscription to information system services, and conference consultation and exhibition services. The company is also engaged in the provision of industry spatial management services which is included in the management and strategic consultancy services segment. The company operates in the PRC.

CCID Consulting Co (HKSE:02176) Headlines

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