Guomai Technologies (SZSE:002093) Days Payable : 231.39 (As of Mar. 2024)

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What is Guomai Technologies Days Payable?

Guomai Technologies's average Accounts Payable for the three months ended in Mar. 2024 was ¥103.0 Mil. Guomai Technologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥40.6 Mil. Hence, Guomai Technologies's Days Payable for the three months ended in Mar. 2024 was 231.39.

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

SZSE:002093' s Days Payable Range Over the Past 10 Years
Min: 81.16 Med: 198.44 Max: 378.79
Current: 183.42

During the past 13 years, Guomai Technologies's highest Days Payable was 378.79. The lowest was 81.16. And the median was 198.44.

SZSE:002093's Days Payable is ranked better than
82.14% of 2531 companies
in the Software industry
Industry Median: 50.16 vs SZSE:002093: 183.42

Guomai Technologies's Days Payable declined from Mar. 2023 (645.58) to Mar. 2024 (231.39). It may suggest that Guomai Technologies accelerated paying its suppliers.

Guomai Technologies Days Payable Historical Data

The historical data trend for Guomai Technologies'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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Guomai Technologies Days Payable Chart

Guomai Technologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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203.50

378.79

366.27

277.70

206.95

Guomai Technologies 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															645.58	347.74	327.20	71.23	231.39

Competitive Comparison of Guomai Technologies's Days Payable

For the Information Technology Services subindustry, Guomai Technologies'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.

Guomai Technologies's Days Payable Distribution in the Software Industry

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

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

Guomai Technologies 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.

Guomai Technologies'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
=	( (212.841	+	105.975)	/	2 )	/	281.15	*	365
=	159.408					/	281.15	*	365
=	206.95

Guomai Technologies'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
=	( (105.975	+	99.943)	/	2 )	/	40.603	*	365 / 4
=	102.959					/	40.603	*	365 / 4
=	231.39

Guomai Technologies Days Payable Related Terms

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Guomai Technologies (SZSE:002093) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Guomai Technologies Inc (SZSE:002093) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 116 Jiangbin East Street, Mawei District, Fuzhou, Fujian, CHN, 350015

Website

http://www.guomaitech.com

Guomai Technologies Inc provides information and communications technology outsourcing services in China.

Executives

Wang Long Cun	Directors, executives
Chen Xue Hua	Directors, executives
Cheng Wei Xi	Directors, Directors, and Executives
Ceng Jian Yi	Supervisors
Zhou Qiang	Supervisors
Zhang Gen Da	Director
Liu Jian Sheng	Executives
Sui Rong Hua	Director
Lv Xiang Xi	Independent director
Jin Da Ming	Executives
Bi Zhen Dong	Director
Cheng Jiong	Executives

Guomai Technologies (SZSE:002093) Headlines

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