ArcherMind Technology (Nanjing) Co (SZSE:300598) Days Payable : 37.92 (As of Mar. 2024)

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What is ArcherMind Technology (Nanjing) Co Days Payable?

ArcherMind Technology (Nanjing) Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥149 Mil. ArcherMind Technology (Nanjing) Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥359 Mil. Hence, ArcherMind Technology (Nanjing) Co's Days Payable for the three months ended in Mar. 2024 was 37.92.

The historical rank and industry rank for ArcherMind Technology (Nanjing) Co's Days Payable or its related term are showing as below:

SZSE:300598' s Days Payable Range Over the Past 10 Years
Min: 12.48 Med: 24.28 Max: 54
Current: 47.64

During the past 13 years, ArcherMind Technology (Nanjing) Co's highest Days Payable was 54.00. The lowest was 12.48. And the median was 24.28.

SZSE:300598's Days Payable is ranked worse than
51.72% of 2531 companies
in the Software industry
Industry Median: 50.13 vs SZSE:300598: 47.64

ArcherMind Technology (Nanjing) Co's Days Payable declined from Mar. 2023 (69.75) to Mar. 2024 (37.92). It may suggest that ArcherMind Technology (Nanjing) Co accelerated paying its suppliers.

ArcherMind Technology (Nanjing) Co Days Payable Historical Data

The historical data trend for ArcherMind Technology (Nanjing) 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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ArcherMind Technology (Nanjing) Co Days Payable Chart

ArcherMind Technology (Nanjing) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.76

39.57

35.98

50.18

54.00

ArcherMind Technology (Nanjing) 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															69.75	55.04	59.41	41.48	37.92

Competitive Comparison of ArcherMind Technology (Nanjing) Co's Days Payable

For the Information Technology Services subindustry, ArcherMind Technology (Nanjing) 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.

ArcherMind Technology (Nanjing) Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, ArcherMind Technology (Nanjing) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where ArcherMind Technology (Nanjing) Co's Days Payable falls into.

ArcherMind Technology (Nanjing) 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.

ArcherMind Technology (Nanjing) 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
=	( (292.031	+	166.891)	/	2 )	/	1550.885	*	365
=	229.461					/	1550.885	*	365
=	54.00

ArcherMind Technology (Nanjing) 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
=	( (166.891	+	131.601)	/	2 )	/	359.138	*	365 / 4
=	149.246					/	359.138	*	365 / 4
=	37.92

ArcherMind Technology (Nanjing) Co Days Payable Related Terms

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ArcherMind Technology (Nanjing) Co (SZSE:300598) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ArcherMind Technology (Nanjing) Co Ltd (SZSE:300598) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 19 Ningshuang Road, Yuhuatai District, Building B, Nanjing, Jiangsu, Nanjing, CHN, 210012

Website

https://www.archermind.com

ArcherMind Technology (Nanjing) Co Ltd is a China-based company engaged in offering software research, development, and consulting service in the fields of mobile devices and internet software. It provides solutions in the fields of Intelligent terminals, Smart automotive, Internet of Things (IoT) and Mobile internet. In Intelligent terminals, the company provides solutions for smartphone, tablet and virtual reality. Smart automotive comprise solutions such as digital cluster, automotive infotainment, intelligent cloud mirror, and smart cockpit. IoT solutions offer solutions for healthcare, home, kitchen and bath, whereas Mobile internet involves finance solutions. The company has a business presence around the world.

Executives

Wang Kun	Directors, executives
Wang Jin Feng	Directors, executives
Huang Hai Yan	Directors, executives
Liu He Yi	Director
Liu Yong	Independent director

ArcherMind Technology (Nanjing) Co (SZSE:300598) Headlines

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