Chinasoft International (HKSE:00354) Days Payable : 16.83 (As of Dec. 2023)

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What is Chinasoft International Days Payable?

Chinasoft International's average Accounts Payable for the six months ended in Dec. 2023 was HK$672 Mil. Chinasoft International's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$7,290 Mil. Hence, Chinasoft International's Days Payable for the six months ended in Dec. 2023 was 16.83.

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

HKSE:00354' s Days Payable Range Over the Past 10 Years
Min: 17.76 Med: 30.86 Max: 45.05
Current: 17.76

During the past 13 years, Chinasoft International's highest Days Payable was 45.05. The lowest was 17.76. And the median was 30.86.

HKSE:00354's Days Payable is ranked worse than
82.68% of 2523 companies
in the Software industry
Industry Median: 51.26 vs HKSE:00354: 17.76

Chinasoft International's Days Payable increased from Dec. 2022 (15.48) to Dec. 2023 (16.83). It may suggest that Chinasoft International delayed paying its suppliers.

Chinasoft International Days Payable Historical Data

The historical data trend for Chinasoft International'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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Chinasoft International Days Payable Chart

Chinasoft International Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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24.70

18.67

18.28

17.93

18.50

Chinasoft International Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															15.34	17.35	15.48	17.96	16.83

Competitive Comparison of Chinasoft International's Days Payable

For the Information Technology Services subindustry, Chinasoft International'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.

Chinasoft International's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Chinasoft International's Days Payable falls into.

Chinasoft International 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.

Chinasoft International'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
=	( (748.888	+	705.106)	/	2 )	/	14343.617	*	365
=	726.997					/	14343.617	*	365
=	18.50

Chinasoft International's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (639.247	+	705.106)	/	2 )	/	7289.919	*	365 / 2
=	672.1765					/	7289.919	*	365 / 2
=	16.83

Chinasoft International Days Payable Related Terms

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Chinasoft International (HKSE:00354) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Chinasoft International Ltd (HKSE:00354) » Definitions » Days Payable

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CFTLF:USA

Address

No. 2 Kexuiyuan South Road, North Wing, 12th Floor, Raycom Infotech Park, Tower C, Haidian District, Zhongguancun, Beijing, CHN, 100190

Website

https://www.chinasofti.com

Chinasoft International Ltd is a technology software and information technology service enterprise. It provides end-to-end IT software, solutions, and services to global clients and has extensive experience in consulting, design, implementation, and services in digital applications of new technologies such as cloud computing, artificial intelligence, big data, the Internet of Things, and 5G, fully supporting clients' digital transformation. It has two segments: The Technical professional services group segment provides services that include business and IT consulting, application development, system integration, product engineering, and enterprise management. The Internet IT services group segment provides cloud-based consulting services.

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