CLPS (CLPS) Days Payable : 2.63 (As of Dec. 2023)

View and export this data going back to 2018. Start your Free Trial

What is CLPS Days Payable?

CLPS's average Accounts Payable for the six months ended in Dec. 2023 was $0.8 Mil. CLPS's Cost of Goods Sold for the six months ended in Dec. 2023 was $56.0 Mil. Hence, CLPS's Days Payable for the six months ended in Dec. 2023 was 2.63.

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

CLPS' s Days Payable Range Over the Past 10 Years
Min: 1.23 Med: 1.7 Max: 9.88
Current: 2.15

During the past 8 years, CLPS's highest Days Payable was 9.88. The lowest was 1.23. And the median was 1.70.

CLPS's Days Payable is ranked worse than
98.21% of 2519 companies
in the Software industry
Industry Median: 50.96 vs CLPS: 2.15

CLPS's Days Payable increased from Dec. 2022 (1.16) to Dec. 2023 (2.63). It may suggest that CLPS delayed paying its suppliers.

CLPS Days Payable Historical Data

The historical data trend for CLPS'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.

CLPS Days Payable Chart

CLPS Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

7.32

1.46

1.76

1.48

1.63

CLPS Semi-Annual Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial											1.83	1.37	1.16	1.72	2.63

Competitive Comparison of CLPS's Days Payable

For the Information Technology Services subindustry, CLPS'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.

CLPS's Days Payable Distribution in the Software Industry

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

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

CLPS 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.

CLPS's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.344	+	0.69)	/	2 )	/	115.875	*	365
=	0.517					/	115.875	*	365
=	1.63

CLPS's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0.69	+	0.925)	/	2 )	/	56.024	*	365 / 2
=	0.8075					/	56.024	*	365 / 2
=	2.63

CLPS Days Payable Related Terms

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

CLPS (CLPS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » CLPS Inc (NAS:CLPS) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1UK:Germany

Address

c/o Unit 1000, 10th Floor, Millennium City III, 378 Kwun Tong Road, Kwun Tong, Kowloon, Hong Kong, HKG

Website

http://www.clpsglobal.com

CLPS Inc is a holding company. The company through its subsidiaries provides information technology consulting and solutions institutions in banking, insurance, and financial sectors, both in China and globally. Its products are Risk Control Platform, Transaction Acquiring Platform, Debt Collection Platform, Virtual Bank Training Platform, Credit Card System, and other related products. The company generates its revenue from IT consulting service, Customized IT solution service, and other. Generating majority of its revenue from the IT consulting service.