Shanda Games (Shanda Games) Days Payable : 37.52 (As of Dec. 2014)

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What is Shanda Games Days Payable?

Shanda Games's average Accounts Payable for the six months ended in Dec. 2014 was $15.6 Mil. Shanda Games's Cost of Goods Sold for the six months ended in Dec. 2014 was $151.9 Mil. Hence, Shanda Games's Days Payable for the six months ended in Dec. 2014 was 18.76.

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

GAME's Days Payable is not ranked ^*
in the Interactive Media industry.
Industry Median: 61.44
* Ranked among companies with meaningful Days Payable only.

Shanda Games's Days Payable increased from Dec. 2012 (27.43) to Dec. 2014 (37.52). It may suggest that Shanda Games delayed paying its suppliers.

Shanda Games Days Payable Historical Data

The historical data trend for Shanda Games'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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Shanda Games Days Payable Chart

Shanda Games Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Days Payable

Get a 7-Day Free Trial

22.39

21.28

27.43

23.10

37.52

Shanda Games Semi-Annual Data
	Dec07	Dec08	Dec09	Dec10	Dec11	Dec12	Dec13	Dec14
Days Payable	Get a 7-Day Free Trial			22.39	21.28	27.43	23.10	37.52

Competitive Comparison of Shanda Games's Days Payable

For the Electronic Gaming & Multimedia subindustry, Shanda Games'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.

Shanda Games's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Shanda Games's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanda Games's Days Payable falls into.

Shanda Games 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.

Shanda Games's Days Payable for the fiscal year that ended in Dec. 2014 is calculated as

	Days Payable (A: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2013 )	+	Accounts Payable (A: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2014 )	*	Days in Period
=	( (14.024	+	17.207)	/	2 )	/	151.906	*	365
=	15.6155					/	151.906	*	365
=	37.52

Shanda Games's Days Payable for the quarter that ended in Dec. 2014 is calculated as:

	Days Payable (Q: Dec. 2014 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2013 )	+	Accounts Payable (Q: Dec. 2014 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2014 )	*	Days in Period
=	( (14.024	+	17.207)	/	2 )	/	151.906	*	365 / 2
=	15.6155					/	151.906	*	365 / 2
=	18.76

Shanda Games Days Payable Related Terms

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Shanda Games (Shanda Games) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Shanda Games Ltd (NAS:GAME) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Website

http://www.shandagames.com

Shanda Games Ltd was incorporated in the Cayman Islands on June 12, 2008. The Company is an online game company in China in terms of the size, diversity of its game portfolio, game revenues and game player base. It completed its initial public offering on September 30, 2009. It develop and source a broad array of game content through multiple channels, including in-house development, licensing, investment, acquisition, joint development and joint operation. As of March 31, 2015, it operated 35 MMO games and 29 mobile games in China and certain overseas markets. The games operated by the Company are: Mir II, BNB, Woool, Legend of Immortals, Age of Wushu, among others. It competes with other online game developers and operators in China, including Tencent Holdings Limited, NetEase, Inc., Changyou.com Limited, Perfect World Co., Ltd., Giant Interactive, Kingsoft, KongZhong Corporation, NetDragon Websoft, Inc. and The9 Limited.