OneConnect Financial Technology Co (OneConnect Financial Technology Co) Days Payable : 202.99 (As of Dec. 2023)

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What is OneConnect Financial Technology Co Days Payable?

OneConnect Financial Technology Co's average Accounts Payable for the three months ended in Dec. 2023 was $176.5 Mil. OneConnect Financial Technology Co's Cost of Goods Sold for the three months ended in Dec. 2023 was $79.3 Mil. Hence, OneConnect Financial Technology Co's Days Payable for the three months ended in Dec. 2023 was 202.99.

The historical rank and industry rank for OneConnect Financial Technology Co's Days Payable or its related term are showing as below:

OCFT' s Days Payable Range Over the Past 10 Years
Min: 78.27 Med: 109.72 Max: 202.6
Current: 202.6

During the past 7 years, OneConnect Financial Technology Co's highest Days Payable was 202.60. The lowest was 78.27. And the median was 109.72.

OCFT's Days Payable is ranked better than
83.8% of 2519 companies
in the Software industry
Industry Median: 50.96 vs OCFT: 202.60

OneConnect Financial Technology Co's Days Payable increased from Dec. 2022 (195.69) to Dec. 2023 (202.99). It may suggest that OneConnect Financial Technology Co delayed paying its suppliers.

OneConnect Financial Technology Co Days Payable Historical Data

The historical data trend for OneConnect Financial Technology Co'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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OneConnect Financial Technology Co Days Payable Chart

OneConnect Financial Technology Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.27

109.72

135.27

126.41

80.18

OneConnect Financial Technology Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															195.69	263.21	233.14	231.69	202.99

Competitive Comparison of OneConnect Financial Technology Co's Days Payable

For the Software - Application subindustry, OneConnect Financial Technology Co'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.

OneConnect Financial Technology Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, OneConnect Financial Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where OneConnect Financial Technology Co's Days Payable falls into.

OneConnect Financial Technology Co 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.

OneConnect Financial Technology Co'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
=	( (108.097	+	34.531)	/	2 )	/	324.655	*	365
=	71.314					/	324.655	*	365
=	80.18

OneConnect Financial Technology Co'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (318.452	+	34.531)	/	2 )	/	79.339	*	365 / 4
=	176.4915					/	79.339	*	365 / 4
=	202.99

OneConnect Financial Technology Co Days Payable Related Terms

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OneConnect Financial Technology Co (OneConnect Financial Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » OneConnect Financial Technology Co Ltd (NYSE:OCFT) » Definitions » Days Payable

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06638:Hong Kong

Address

No.1 Tairan 7th Road, 10-14th Floor, Block A, Platinum Towers, Futian District, Shenzhen, CHN

Website

https://www.ocft.com

OneConnect Financial Technology Co Ltd is a provider of technology platforms. Its platform provides cloud-native technology solutions that integrate financial services with market technology. The company offers technology applications and technology-enabled business services to financial institutions in China. Its technology solutions cover multiple verticals in the financial services industry, including banking, insurance and asset management, across the full scope of their businesses from sales and marketing and risk management to customer services and operations, as well as technology infrastructures such as data management and cloud services. The firm operates in two segments namely Technology Solutions which is the key revenue driver and Virtual Bank Business.