QDM International (QDM International) Days Payable : 247.67 (As of Dec. 2023)

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What is QDM International Days Payable?

QDM International's average Accounts Payable for the three months ended in Dec. 2023 was $1.65 Mil. QDM International's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.61 Mil. Hence, QDM International's Days Payable for the three months ended in Dec. 2023 was 247.67.

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

QDMID' s Days Payable Range Over the Past 10 Years
Min: 14.84 Med: 46.85 Max: 85.62
Current: 85.62

During the past 13 years, QDM International's highest Days Payable was 85.62. The lowest was 14.84. And the median was 46.85.

QDMID's Days Payable is ranked better than
63.27% of 49 companies
in the Insurance industry
Industry Median: 48.44 vs QDMID: 85.62

QDM International's Days Payable increased from Dec. 2022 (65.59) to Dec. 2023 (247.67). It may suggest that QDM International delayed paying its suppliers.

QDM International Days Payable Historical Data

The historical data trend for QDM 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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QDM International Days Payable Chart

QDM International Annual Data

Trend

Dec12

Dec13

Dec14

Dec16

Dec17

Dec18

Dec19

Mar21

Mar22

Mar23

Days Payable

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14.84

52.90

60.58

QDM International 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															65.59	16.11	31.93	166.59	247.67

Competitive Comparison of QDM International's Days Payable

For the Insurance Brokers subindustry, QDM 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.

QDM International's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, QDM International's Days Payable distribution charts can be found below:

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

QDM 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.

QDM International's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (0.015	+	0.223)	/	2 )	/	0.717	*	365
=	0.119					/	0.717	*	365
=	60.58

QDM 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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.398	+	1.897)	/	2 )	/	0.607	*	365 / 4
=	1.6475					/	0.607	*	365 / 4
=	247.67

QDM International Days Payable Related Terms

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QDM International (QDM International) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » QDM International Inc (OTCPK:QDMID) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5 Canton Road, Room 1030B, 10/F, Ocean Centre, Harbour City, Tsim Sha Tsui, Hong Kong, HKG, 200051

Website

https://www.247kiddoc.com

QDM International Inc is an insurance brokerage company operating in Hong Kong. The company sells a wide range of insurance products, consisting of two main categories: life and medical insurance, such as individual life insurance; and general insurance, such as automobile insurance, commercial property insurance, liability insurance, and homeowner insurance. In addition, as a Mandatory Provident Fund Intermediary, it also provides customers with assistance on account opening and related services under the MPF and the Occupational Retirement Schemes Ordinance schemes, both of which are mandatory retirement protection schemes set up for employees who are Hong Kong residents.

Executives

Timothy John Miles	director	PO BOX 30, DUNDEE MI 48131
Huihe Zheng	director, 10 percent owner, officer: Chairman, CEO, and President	T2-702 SOHO TIANSHAN SQUARE,, 1717 TIANSHAN ROAD, CHANGNING DISTRICT, SHANGHAI F4 200051
Huili Shen	director, officer: Secretary	ROOM 707 SOHO T2 TIANSHAN PLAZA, SHANGHAI F4 200051
Robert Brooks	10 percent owner	9 PROSPECT AVENUE, PORT WASHINGTON NY 11050
Kenneth J Scott	director	2156 HURON TRAIL, MAITLAND FL 32751
Brian C Rosenbloom	director, 10 percent owner
Timothy B Shannon	director, officer: CEO/CFO	4279 BURNWOOD TRAIL, DENVER CO 28037

QDM International (QDM International) Headlines

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