Newland Digital Technology Co (SZSE:000997) Days Payable : 81.84 (As of Mar. 2024)

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What is Newland Digital Technology Co Days Payable?

Newland Digital Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥884 Mil. Newland Digital Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥986 Mil. Hence, Newland Digital Technology Co's Days Payable for the three months ended in Mar. 2024 was 81.84.

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

SZSE:000997' s Days Payable Range Over the Past 10 Years
Min: 61.21 Med: 97.26 Max: 155.11
Current: 62.37

During the past 13 years, Newland Digital Technology Co's highest Days Payable was 155.11. The lowest was 61.21. And the median was 97.26.

SZSE:000997's Days Payable is ranked better than
55.83% of 2538 companies
in the Software industry
Industry Median: 50.19 vs SZSE:000997: 62.37

Newland Digital Technology Co's Days Payable increased from Mar. 2023 (58.34) to Mar. 2024 (81.84). It may suggest that Newland Digital Technology Co delayed paying its suppliers.

Newland Digital Technology Co Days Payable Historical Data

The historical data trend for Newland Digital Technology 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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Newland Digital Technology Co Days Payable Chart

Newland Digital Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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99.94

75.78

68.75

67.37

61.21

Newland Digital Technology Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															58.34	62.50	55.85	55.23	81.84

Competitive Comparison of Newland Digital Technology Co's Days Payable

For the Software - Application subindustry, Newland Digital Technology 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.

Newland Digital Technology Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Newland Digital Technology Co's Days Payable falls into.

Newland Digital Technology 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.

Newland Digital Technology 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
=	( (758.688	+	910.229)	/	2 )	/	4975.574	*	365
=	834.4585					/	4975.574	*	365
=	61.21

Newland Digital Technology Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (910.229	+	858.571)	/	2 )	/	986.048	*	365 / 4
=	884.4					/	986.048	*	365 / 4
=	81.84

Newland Digital Technology Co Days Payable Related Terms

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Newland Digital Technology Co (SZSE:000997) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Newland Digital Technology Co Ltd (SZSE:000997) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.1 Rujiang West Road, New World Science and Technology Park, Mawei District, Fujian Province, Fuzhou, CHN, 350015

Website

http://www.newlandcomputer.com

Newland Digital Technology Co Ltd, formerly Fujian Newland Computer Co Ltd is an IT products and services provider in China. It provides solutions for barcode recognition, financial payment, mobile and other communications, traffic information and internet finance activities. The company offers barcode recognition technology, POS machines for electronic financial payment, intelligent transportation solutions, cloud computing and big data services, online to offline two-dimensional code marketing services and other solutions. In addition, it provides solutions which integrates software development, hardware manufacturing and system integration in the field of food safety.

Executives

Wang Jing	Director
Liu Qing Tao	Executives
Chen Ji Sheng	Supervisors
Lin Jian	Directors, executives
Lin Jian Ping	Securities Affairs Representative
Wang Xian Fu	Supervisors
Xu Cheng Jian	Supervisors
Hu Gang	Director
Lin Xue Jie	Director
Lin Zheng Rong	Supervisors
Qi Hong	Executives
Sun Ya Li	Directors, executives
Zhang Tie Jun	Director
Xu Zhi Ling	Executives
Chen Xiang Jie	Executives

Newland Digital Technology Co (SZSE:000997) Headlines

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