Shaanxi Tirain Science and Technology Co (BJSE:430564) Days Payable : 344.57 (As of Mar. 2024)

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What is Shaanxi Tirain Science and Technology Co Days Payable?

Shaanxi Tirain Science and Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥37.4 Mil. Shaanxi Tirain Science and Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥9.9 Mil. Hence, Shaanxi Tirain Science and Technology Co's Days Payable for the three months ended in Mar. 2024 was 344.57.

The historical rank and industry rank for Shaanxi Tirain Science and Technology Co's Days Payable or its related term are showing as below:

BJSE:430564' s Days Payable Range Over the Past 10 Years
Min: 47.92 Med: 76.68 Max: 134.71
Current: 99.02

During the past 13 years, Shaanxi Tirain Science and Technology Co's highest Days Payable was 134.71. The lowest was 47.92. And the median was 76.68.

BJSE:430564's Days Payable is ranked better than
69.2% of 2526 companies
in the Software industry
Industry Median: 49.695 vs BJSE:430564: 99.02

Shaanxi Tirain Science and Technology Co's Days Payable declined from Mar. 2023 (505.53) to Mar. 2024 (344.57). It may suggest that Shaanxi Tirain Science and Technology Co accelerated paying its suppliers.

Shaanxi Tirain Science and Technology Co Days Payable Historical Data

The historical data trend for Shaanxi Tirain Science and 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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Shaanxi Tirain Science and Technology Co Days Payable Chart

Shaanxi Tirain Science and Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.66

49.29

47.92

74.58

134.71

Shaanxi Tirain Science and Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Mar20	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															505.53	63.58	178.85	61.81	344.57

Competitive Comparison of Shaanxi Tirain Science and Technology Co's Days Payable

For the Software - Application subindustry, Shaanxi Tirain Science and 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.

Shaanxi Tirain Science and Technology Co's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Shaanxi Tirain Science and Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shaanxi Tirain Science and Technology Co's Days Payable falls into.

Shaanxi Tirain Science and 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.

Shaanxi Tirain Science and 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
=	( (42.209	+	42.983)	/	2 )	/	115.415	*	365
=	42.596					/	115.415	*	365
=	134.71

Shaanxi Tirain Science and Technology 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
=	( (42.983	+	31.829)	/	2 )	/	9.906	*	365 / 4
=	37.406					/	9.906	*	365 / 4
=	344.57

Shaanxi Tirain Science and Technology Co Days Payable Related Terms

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Shaanxi Tirain Science and Technology Co (BJSE:430564) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Shaanxi Tirain Science and Technology Co Ltd (BJSE:430564) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 58, Middle Section of Yanta North Road, Floor 15, Area A, Bairui Plaza, Beilin District, Shaanxi Province, Xi'an City, CHN, 710054

Website

http://www.trgis.com

Shaanxi Tirain Science and Technology Co Ltd offers remote sensing and surveying and mapping geographic information data services and spatial information system development and application integration services. Its product comprise of Information Modeling Platform, Space-time information service cloud platform, and Digital Twin City Platform.

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