Hithink RoyalFlush Information Network Co (SZSE:300033) Days Payable : 130.61 (As of Mar. 2024)

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What is Hithink RoyalFlush Information Network Co Days Payable?

Hithink RoyalFlush Information Network Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥155 Mil. Hithink RoyalFlush Information Network Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥108 Mil. Hence, Hithink RoyalFlush Information Network Co's Days Payable for the three months ended in Mar. 2024 was 130.61.

The historical rank and industry rank for Hithink RoyalFlush Information Network Co's Days Payable or its related term are showing as below:

SZSE:300033' s Days Payable Range Over the Past 10 Years
Min: 65.64 Med: 93.46 Max: 193.66
Current: 100.81

During the past 13 years, Hithink RoyalFlush Information Network Co's highest Days Payable was 193.66. The lowest was 65.64. And the median was 93.46.

SZSE:300033's Days Payable is ranked better than
69.56% of 2523 companies
in the Software industry
Industry Median: 51.26 vs SZSE:300033: 100.81

Hithink RoyalFlush Information Network Co's Days Payable increased from Mar. 2023 (79.94) to Mar. 2024 (130.61). It may suggest that Hithink RoyalFlush Information Network Co delayed paying its suppliers.

Hithink RoyalFlush Information Network Co Days Payable Historical Data

The historical data trend for Hithink RoyalFlush Information Network 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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Hithink RoyalFlush Information Network Co Days Payable Chart

Hithink RoyalFlush Information Network Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.49

65.64

74.46

93.46

129.17

Hithink RoyalFlush Information Network Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															79.94	76.67	88.95	98.56	130.61

Competitive Comparison of Hithink RoyalFlush Information Network Co's Days Payable

For the Software - Application subindustry, Hithink RoyalFlush Information Network 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.

Hithink RoyalFlush Information Network Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Hithink RoyalFlush Information Network Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hithink RoyalFlush Information Network Co's Days Payable falls into.

Hithink RoyalFlush Information Network 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.

Hithink RoyalFlush Information Network 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
=	( (110.188	+	165.138)	/	2 )	/	389.003	*	365
=	137.663					/	389.003	*	365
=	129.17

Hithink RoyalFlush Information Network Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (165.138	+	144.186)	/	2 )	/	108.054	*	365 / 4
=	154.662					/	108.054	*	365 / 4
=	130.61

Hithink RoyalFlush Information Network Co Days Payable Related Terms

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Hithink RoyalFlush Information Network Co (SZSE:300033) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hithink RoyalFlush Information Network Co Ltd (SZSE:300033) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 18, Tongshun Street, Yuhang District, Hangzhou, Zhejiang, CHN, 310023

Website

http://www.10jqka.com.cn

Hithink RoyalFlush Information Network Co Ltd is engaged in providing Internet financial information service and online financial softwares. The company business includes an online market trading system, mobile financial information service, fund sales, financial big data processing and cloud services. It serves individuals, brokers, funds, private placements, banks, insurance, government, and research Institutional clients.

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