Hebei Raisesun Information Technology Co (BJSE:832171) Days Payable : 1,026.48 (As of Mar. 2024)

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What is Hebei Raisesun Information Technology Co Days Payable?

Hebei Raisesun Information Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥87.4 Mil. Hebei Raisesun Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7.8 Mil. Hence, Hebei Raisesun Information Technology Co's Days Payable for the three months ended in Mar. 2024 was 1,026.48.

The historical rank and industry rank for Hebei Raisesun Information Technology Co's Days Payable or its related term are showing as below:

BJSE:832171' s Days Payable Range Over the Past 10 Years
Min: 16.65 Med: 99.41 Max: 299.13
Current: 271.78

During the past 12 years, Hebei Raisesun Information Technology Co's highest Days Payable was 299.13. The lowest was 16.65. And the median was 99.41.

BJSE:832171's Days Payable is ranked better than
87.61% of 2526 companies
in the Software industry
Industry Median: 49.695 vs BJSE:832171: 271.78

Hebei Raisesun Information Technology Co's Days Payable declined from Mar. 2023 (1,330.73) to Mar. 2024 (1,026.48). It may suggest that Hebei Raisesun Information Technology Co accelerated paying its suppliers.

Hebei Raisesun Information Technology Co Days Payable Historical Data

The historical data trend for Hebei Raisesun Information 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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Hebei Raisesun Information Technology Co Days Payable Chart

Hebei Raisesun Information Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

125.33

247.58

200.54

153.96

299.13

Hebei Raisesun Information Technology Co Quarterly Data
	Jun18	Dec18	Jun19	Dec19	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															1,330.73	205.32	355.68	172.91	1,026.48

Competitive Comparison of Hebei Raisesun Information Technology Co's Days Payable

For the Software - Application subindustry, Hebei Raisesun Information 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.

Hebei Raisesun Information Technology Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Hebei Raisesun Information Technology Co's Days Payable falls into.

Hebei Raisesun Information 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.

Hebei Raisesun Information 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
=	( (82.843	+	92.795)	/	2 )	/	107.156	*	365
=	87.819					/	107.156	*	365
=	299.13

Hebei Raisesun Information 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
=	( (92.795	+	81.993)	/	2 )	/	7.769	*	365 / 4
=	87.394					/	7.769	*	365 / 4
=	1,026.48

Hebei Raisesun Information Technology Co Days Payable Related Terms

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Hebei Raisesun Information Technology Co (BJSE:832171) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hebei Raisesun Information Technology Co Ltd (BJSE:832171) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 128, Youyi Road, Zhisheng Information Building, Langfang Economic and Technological Development Zone, Hebei Province, Langfang, CHN, 065000

Website

http://www.zccninfo.com

Hebei Raisesun Information Technology Co Ltd operates information technology-related businesses. It offers computer software development and transfer; computer system services, information system security integration services; Internet information services, Internet data services and Internet of Things technology services; mobile telecommunications services; network wiring; security technology prevention system design, construction, maintenance; building intelligent engineering Construction and maintenance; and value-added telecommunication services.

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