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China Information Technology Inc  (NAS:CNIT) Days Payable: 356.70 (As of Jun. 2017)

China Information Technology Inc's payable for the six months ended in Jun. 2017 was $6.45 Mil. China Information Technology Inc's Cost of Goods Sold for the six months ended in Jun. 2017 was $3.30 Mil. Hence, China Information Technology Inc's days payable for the six months ended in Jun. 2017 was 356.70.

NAS:CNIT' s Days Payable Range Over the Past 10 Years
Min: 84.56   Max: 397.15
Current: 264.98

84.56
397.15

During the past 12 years, China Information Technology Inc's highest Days Payable was 397.15. The lowest was 84.56. And the median was 132.27.

NAS:CNIT's Days Payable is ranked higher than
94% of the 1405 Companies
in the Global industry.

( Industry Median: 42.91 vs. NAS:CNIT: 264.98 )

China Information Technology Inc's days payable declined from Jun. 2016 (491.69) to Jun. 2017 (356.70). It may suggest that China Information Technology Inc accelerated paying its suppliers.


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

China Information Technology Inc Annual Data

Dec07 Dec08 Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 112.42 142.11 122.42 397.15 287.56

China Information Technology Inc Semi-Annual Data

Dec07 Jun08 Dec08 Jun09 Dec09 Jun10 Dec10 Jun11 Dec11 Jun12 Dec12 Jun13 Dec13 Jun14 Dec14 Jun15 Dec15 Jun16 Dec16 Jun17
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,289.52 389.64 491.69 195.90 356.70

Competitive Comparison
* 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.


Calculation

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

China Information Technology Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=5.993/7.607*365
=287.56

China Information Technology Inc's Days Payable for the quarter that ended in Jun. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=6.448/3.299*365 / 2
=356.70

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


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