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FinTech Chain (ASX:FTC) Days Payable : 166.28 (As of Sep. 2024)


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What is FinTech Chain Days Payable?

FinTech Chain's average Accounts Payable for the six months ended in Sep. 2024 was A$3.31 Mil. FinTech Chain's Cost of Goods Sold for the six months ended in Sep. 2024 was A$3.64 Mil. Hence, FinTech Chain's Days Payable for the six months ended in Sep. 2024 was 166.28.

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

ASX:FTC' s Days Payable Range Over the Past 10 Years
Min: 1.51   Med: 35.03   Max: 174.04
Current: 174.04

During the past 12 years, FinTech Chain's highest Days Payable was 174.04. The lowest was 1.51. And the median was 35.03.

ASX:FTC's Days Payable is ranked better than
81.15% of 2536 companies
in the Software industry
Industry Median: 50.575 vs ASX:FTC: 174.04

FinTech Chain's Days Payable increased from Sep. 2023 (136.29) to Sep. 2024 (166.28). It may suggest that FinTech Chain delayed paying its suppliers.

FinTech Chain Days Payable Historical Data

The historical data trend for FinTech Chain'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.

* Premium members only.

FinTech Chain Days Payable Chart

FinTech Chain Annual Data
Trend Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 35.03 111.73 125.33 128.27 123.25

FinTech Chain Semi-Annual Data
Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23 Mar24 Sep24
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 173.30 109.02 136.29 169.13 166.28

Competitive Comparison of FinTech Chain's Days Payable

For the Software - Infrastructure subindustry, FinTech Chain'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.

FinTech Chain's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, FinTech Chain's Days Payable distribution charts can be found below:

* The bar in red indicates where FinTech Chain's Days Payable falls into.


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FinTech Chain 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.

FinTech Chain's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

Days Payable (A: Mar. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Mar. 2023 ) + Accounts Payable (A: Mar. 2024 )) / count ) / Cost of Goods Sold (A: Mar. 2024 )*Days in Period
=( (1.231 + 2.721) / 2 ) / 5.852*365
=1.976 / 5.852*365
=123.25

FinTech Chain's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

Days Payable (Q: Sep. 2024 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2024 ) + Accounts Payable (Q: Sep. 2024 )) / count ) / Cost of Goods Sold (Q: Sep. 2024 )*Days in Period
=( (2.721 + 3.903) / 2 ) / 3.635*365 / 2
=3.312 / 3.635*365 / 2
=166.28

* 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.

FinTech Chain Days Payable Related Terms

Thank you for viewing the detailed overview of FinTech Chain's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

FinTech Chain Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » FinTech Chain Ltd (ASX:FTC) » Definitions » Days Payable
Comparable Companies
ASX:XPN ASX:EAT ASX:ADS ASX:WHK ASX:W2V ASX:PIL ASX:KNO ASX:BEO MSFT ORCL PLTR PANW CRWD FTNT SNPS XAMS:ADYEN NET XYZ ZS IOT
Traded in Other Exchanges
N/A
Address
1701, Block B2, No.15 KeYuan Road, KeXing Science Park, Nanshan District, Shenzhen, CHN, 518000
Website
https://www.ttg.hk
FinTech Chain Ltd is a provider of Integrated Payment Acquiring infrastructure for banks and Industry Application Solutions. The Company's operating activities are attributable to a single operating segment as the revenue is derived from interconnected services of T-LinxTM SaaS platform including SaaS cloud service, SaaS for hardware IoT and SaaS for rights/interests/points/marketing/promotion. Geographically, it derives a majority of its revenue from PRC. It serves banking, catering, department store, community, tourism, and retail industries. Its product portfolio includes Prepaid Cards, Integrated Payment Systems, POS P, BIN-Based Promotion Tools, Transaction E-Authentication, Digital Community Service, T-Linx Cloud Service, T-PAD, TL-008/009, and others.