CETC Cyberspace Security Technology Co (SZSE:002268) Days Payable : 369.23 (As of Sep. 2023)

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What is CETC Cyberspace Security Technology Co Days Payable?

CETC Cyberspace Security Technology Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥1,279 Mil. CETC Cyberspace Security Technology Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥316 Mil. Hence, CETC Cyberspace Security Technology Co's Days Payable for the three months ended in Sep. 2023 was 369.23.

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

SZSE:002268' s Days Payable Range Over the Past 10 Years
Min: 161.32 Med: 235.1 Max: 327.6
Current: 263.95

During the past 13 years, CETC Cyberspace Security Technology Co's highest Days Payable was 327.60. The lowest was 161.32. And the median was 235.10.

SZSE:002268's Days Payable is ranked better than
91.57% of 925 companies
in the Business Services industry
Industry Median: 47.39 vs SZSE:002268: 263.95

CETC Cyberspace Security Technology Co's Days Payable increased from Sep. 2022 (217.21) to Sep. 2023 (369.23). It may suggest that CETC Cyberspace Security Technology Co delayed paying its suppliers.

CETC Cyberspace Security Technology Co Days Payable Historical Data

The historical data trend for CETC Cyberspace Security 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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CETC Cyberspace Security Technology Co Days Payable Chart

CETC Cyberspace Security Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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327.60

290.39

274.47

239.77

230.43

CETC Cyberspace Security Technology Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															217.21	144.59	659.12	261.25	369.23

Competitive Comparison of CETC Cyberspace Security Technology Co's Days Payable

For the Security & Protection Services subindustry, CETC Cyberspace Security 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.

CETC Cyberspace Security Technology Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, CETC Cyberspace Security Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where CETC Cyberspace Security Technology Co's Days Payable falls into.

CETC Cyberspace Security 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.

CETC Cyberspace Security Technology Co'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
=	( (1216.821	+	1531.942)	/	2 )	/	2177.021	*	365
=	1374.3815					/	2177.021	*	365
=	230.43

CETC Cyberspace Security Technology Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (1299.184	+	1257.857)	/	2 )	/	315.972	*	365 / 4
=	1278.5205					/	315.972	*	365 / 4
=	369.23

CETC Cyberspace Security Technology Co Days Payable Related Terms

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CETC Cyberspace Security Technology Co (SZSE:002268) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » CETC Cyberspace Security Technology Co Ltd (SZSE:002268) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 333, Yunhua Road, High-Tech Industrial Dvelopment Zone, Sichuan, Chengdu, CHN, 610095

Website

http://www.westone.com.cn

CETC Cyberspace Security Technology Co Ltd is a China-based company that offers security-related products and services. It provides professional and autonomous network information security solutions, products, and services. It offers password products, network security products, and security information systems. The group is committed to building a life-cycle security solution from chip to system for a party and government users.

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