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Borqs Technologies Days Payable

: 368.15 (As of Jun. 2020)
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Borqs Technologies's average Accounts Payable for the six months ended in Jun. 2020 was $19.23 Mil. Borqs Technologies's Cost of Goods Sold for the six months ended in Jun. 2020 was $9.53 Mil. Hence, Borqs Technologies's Days Payable for the six months ended in Jun. 2020 was 368.15.

NAS:BRQS' s Days Payable Range Over the Past 10 Years
Min: 25.9   Med: 45.5   Max: 69.64
Current: 69.64

25.9
69.64

During the past 4 years, Borqs Technologies's highest Days Payable was 69.64. The lowest was 25.90. And the median was 45.50.

NAS:BRQS's Days Payable is ranked higher than
57% of the 2028 Companies
in the Software industry.

( Industry Median: 54.89 vs. NAS:BRQS: 69.64 )

Borqs Technologies's Days Payable increased from Jun. 2019 (176.82) to Jun. 2020 (368.15). It may suggest that Borqs Technologies delayed paying its suppliers.


Borqs Technologies Days Payable Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.

* Premium members only.

Borqs Technologies Annual Data
Jun16 Jun17 Dec18 Dec19
Days Payable 0.00 0.00 25.90 65.10

Borqs Technologies Semi-Annual Data
Dec15 Jun16 Dec16 Jun17 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20
Days Payable Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59.74 59.07 176.82 33.54 368.15

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.


Borqs Technologies Days Payable Distribution

* The bar in red indicates where Borqs Technologies's Days Payable falls into.



Borqs Technologies 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.

Borqs Technologies's Days Payable for the fiscal year that ended in Dec. 2019 is calculated as

Days Payable (A: Dec. 2019 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2018 ) + Accounts Payable (A: Dec. 2019 )) / count ) / Cost of Goods Sold (A: Dec. 2019 )*Days in Period
=( (18.813 + 16.286) / 2 ) / 98.389*365
=17.5495 / 98.389*365
=65.10

Borqs Technologies's Days Payable for the quarter that ended in Jun. 2020 is calculated as:

Days Payable (Q: Jun. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Dec. 2019 ) + Accounts Payable (Q: Jun. 2020 )) / count ) / Cost of Goods Sold (Q: Jun. 2020 )*Days in Period
=( (16.286 + 22.171) / 2 ) / 9.532*365 / 2
=19.2285 / 9.532*365 / 2
=368.15

* All numbers are in millions except for per share data and ratio. All numbers are indicated in the company's associated stock exchange currency.


Borqs Technologies Days Payable Related Terms


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