Shenzhen Fortune Trend Technology Co (SHSE:688318) Days Payable

: 35.83 (As of Dec. 2023)

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Shenzhen Fortune Trend Technology Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥6.7 Mil. Shenzhen Fortune Trend Technology Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥17.1 Mil. Hence, Shenzhen Fortune Trend Technology Co's Days Payable for the three months ended in Dec. 2023 was 35.83.

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

SHSE:688318' s Days Payable Range Over the Past 10 Years
Min: 1.65 Med: 7.53 Max: 43.68
Current: 19.24

During the past 13 years, Shenzhen Fortune Trend Technology Co's highest Days Payable was 43.68. The lowest was 1.65. And the median was 7.53.

SHSE:688318's Days Payable is ranked worse than
80.7% of 2523 companies
in the Software industry
Industry Median: 51.48 vs SHSE:688318: 19.24

Shenzhen Fortune Trend Technology Co's Days Payable increased from Dec. 2022 (9.05) to Dec. 2023 (35.83). It may suggest that Shenzhen Fortune Trend Technology Co delayed paying its suppliers.

Shenzhen Fortune Trend Technology Co Days Payable Historical Data

The historical data trend for Shenzhen Fortune Trend 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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Shenzhen Fortune Trend Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1.65

5.86

13.14

13.83

43.68

Shenzhen Fortune Trend 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															9.05	10.66	4.10	0.77	35.83

Competitive Comparison

For the Software - Application subindustry, Shenzhen Fortune Trend 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.

Shenzhen Fortune Trend Technology Co Days Payable Distribution

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

* The bar in red indicates where Shenzhen Fortune Trend Technology Co's Days Payable falls into.

Shenzhen Fortune Trend 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.

Shenzhen Fortune Trend 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
=	( (1.859	+	13.273)	/	2 )	/	63.216	*	365
=	7.566					/	63.216	*	365
=	43.68

Shenzhen Fortune Trend 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
=	( (0.145	+	13.273)	/	2 )	/	17.086	*	365 / 4
=	6.709					/	17.086	*	365 / 4
=	35.83

Shenzhen Fortune Trend Technology Co Days Payable Related Terms

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Shenzhen Fortune Trend Technology Co (SHSE:688318) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shenzhen Fortune Trend Technology Co Ltd (SHSE:688318) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 10 Kaifeng Road, Meilin Street, Room 808, 8th Floor, Huachao Building, Meilin Community, Guangdong, Futian District, Shenzhen, CHN, 518049

Website

https://www.tdx.com.cn

Shenzhen Fortune Trend Technology Co Ltd is engaged in research and development of securities analysis systems and computer communication systems. It provides securities investment analysis system for securities institutions and investors under the brand Tongdaxin. Tongdaxin's well-known online trading products are: China Merchants Securities Zhiyuan One Account, Guoxin Securities Golden Sun Edition, CITIC Securities Zhixin All-rounder, GF Securities Financial Terminal, Galaxy Securities Neptune, Guotai Junan Securities Fuyi, among others.

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