Wondershare Technology Group Co (SZSE:300624) Days Payable : 47.90 (As of Mar. 2024)

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What is Wondershare Technology Group Co Days Payable?

Wondershare Technology Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥10 Mil. Wondershare Technology Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥20 Mil. Hence, Wondershare Technology Group Co's Days Payable for the three months ended in Mar. 2024 was 47.90.

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

SZSE:300624' s Days Payable Range Over the Past 10 Years
Min: 23.57 Med: 43.63 Max: 96.54
Current: 40.16

During the past 13 years, Wondershare Technology Group Co's highest Days Payable was 96.54. The lowest was 23.57. And the median was 43.63.

SZSE:300624's Days Payable is ranked worse than
56.97% of 2526 companies
in the Software industry
Industry Median: 50.42 vs SZSE:300624: 40.16

Wondershare Technology Group Co's Days Payable increased from Mar. 2023 (33.77) to Mar. 2024 (47.90). It may suggest that Wondershare Technology Group Co delayed paying its suppliers.

Wondershare Technology Group Co Days Payable Historical Data

The historical data trend for Wondershare Technology Group 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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Wondershare Technology Group Co Days Payable Chart

Wondershare Technology Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.71

23.57

28.39

41.71

45.54

Wondershare Technology Group 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															33.77	40.67	48.41	37.15	47.90

Competitive Comparison of Wondershare Technology Group Co's Days Payable

For the Software - Application subindustry, Wondershare Technology Group 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.

Wondershare Technology Group Co's Days Payable Distribution in the Software Industry

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

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

Wondershare Technology Group 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.

Wondershare Technology Group 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
=	( (7.57	+	11.761)	/	2 )	/	77.468	*	365
=	9.6655					/	77.468	*	365
=	45.54

Wondershare Technology Group 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
=	( (11.761	+	8.9)	/	2 )	/	19.68	*	365 / 4
=	10.3305					/	19.68	*	365 / 4
=	47.90

Wondershare Technology Group Co Days Payable Related Terms

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Wondershare Technology Group Co (SZSE:300624) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wondershare Technology Group Co Ltd (SZSE:300624) » Definitions » Days Payable

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Traded in Other Exchanges

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Address

Haidian Road, 14th Software Industry Base 5 D Block, 10th Floor, Nanshan District, Shenzhen, CHN, 850000

Website

http://www.wondershare.cn

Wondershare Technology Group Co Ltd, formerly Wondershare Technology Co Ltd is a China-based company engages in the manufacture and sale of a software application. It offers multimedia, utility, office, mobile, and other software products, as well as featured products. The company's products can be applied to personal computers, tablet PCs, smartphones and other application terminals.

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