WiMi Hologram Cloud (WiMi Hologram Cloud) Days Payable : 35.20 (As of Jun. 2023)

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What is WiMi Hologram Cloud Days Payable?

WiMi Hologram Cloud's average Accounts Payable for the six months ended in Jun. 2023 was $4.95 Mil. WiMi Hologram Cloud's Cost of Goods Sold for the six months ended in Jun. 2023 was $25.66 Mil. Hence, WiMi Hologram Cloud's Days Payable for the six months ended in Jun. 2023 was 35.20.

The historical rank and industry rank for WiMi Hologram Cloud's Days Payable or its related term are showing as below:

WIMI' s Days Payable Range Over the Past 10 Years
Min: 14.56 Med: 54.87 Max: 127.06
Current: 33.43

During the past 6 years, WiMi Hologram Cloud's highest Days Payable was 127.06. The lowest was 14.56. And the median was 54.87.

WIMI's Days Payable is ranked worse than
77.78% of 927 companies
in the Media - Diversified industry
Industry Median: 82.44 vs WIMI: 33.43

WiMi Hologram Cloud's Days Payable increased from Jun. 2022 (15.70) to Jun. 2023 (35.20). It may suggest that WiMi Hologram Cloud delayed paying its suppliers.

WiMi Hologram Cloud Days Payable Historical Data

The historical data trend for WiMi Hologram Cloud'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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WiMi Hologram Cloud Days Payable Chart

WiMi Hologram Cloud Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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127.06

90.34

19.40

14.56

18.91

WiMi Hologram Cloud Semi-Annual Data
	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial							13.50	15.89	15.70	27.69	35.20

Competitive Comparison of WiMi Hologram Cloud's Days Payable

For the Advertising Agencies subindustry, WiMi Hologram Cloud'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.

WiMi Hologram Cloud's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, WiMi Hologram Cloud's Days Payable distribution charts can be found below:

* The bar in red indicates where WiMi Hologram Cloud's Days Payable falls into.

WiMi Hologram Cloud 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.

WiMi Hologram Cloud's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4.389	+	3.627)	/	2 )	/	77.348	*	365
=	4.008					/	77.348	*	365
=	18.91

WiMi Hologram Cloud's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (3.627	+	6.273)	/	2 )	/	25.662	*	365 / 2
=	4.95					/	25.662	*	365 / 2
=	35.20

WiMi Hologram Cloud Days Payable Related Terms

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WiMi Hologram Cloud (WiMi Hologram Cloud) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » WiMi Hologram Cloud Inc (NAS:WIMI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

0BF1:Germany

Address

1st West Dawang Road, Room No.2002, Building A, Wentley Center, Chaoyang, Beijing, CHN, 100020

Website

http://ir.wimiar.com

WiMi Hologram Cloud Inc and its subsidiaries offer augmented reality (AR) based holographic services and products to cater to its customers. Its AR service and product offerings primarily consist of holographic AR advertising services and holographic AR entertainment products. It is also into the semiconductor business, in which the company provides central processing algorithm services and computer chip products to enterprise customers and the sales of comprehensive solutions for central processing algorithms and related services with software and hardware integration. The company reports in three segments: AR advertising, AR entertainment, and Semiconductor. Its geographical segments are Mainland China, Hong Kong, and International.