The9 (FRA:FZK0) Days Payable : 16.15 (As of Dec. 2023)

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What is The9 Days Payable?

The9's average Accounts Payable for the six months ended in Dec. 2023 was €1.21 Mil. The9's Cost of Goods Sold for the six months ended in Dec. 2023 was €13.64 Mil. Hence, The9's Days Payable for the six months ended in Dec. 2023 was 16.15.

The historical rank and industry rank for The9's Days Payable or its related term are showing as below:

FRA:FZK0' s Days Payable Range Over the Past 10 Years
Min: 14.57 Med: 270.89 Max: 15906.7
Current: 14.98

During the past 13 years, The9's highest Days Payable was 15906.70. The lowest was 14.57. And the median was 270.89.

FRA:FZK0's Days Payable is ranked worse than
79.65% of 516 companies
in the Capital Markets industry
Industry Median: 113.805 vs FRA:FZK0: 14.98

The9's Days Payable declined from Dec. 2022 (32.66) to Dec. 2023 (16.15). It may suggest that The9 accelerated paying its suppliers.

The9 Days Payable Historical Data

The historical data trend for The9'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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The9 Days Payable Chart

The9 Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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10,359.00

16,621.67

149.86

56.50

14.76

The9 Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															200.05	111.05	32.66	14.38	16.15

Competitive Comparison of The9's Days Payable

For the Capital Markets subindustry, The9'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.

The9's Days Payable Distribution in the Capital Markets Industry

For the Capital Markets industry and Financial Services sector, The9's Days Payable distribution charts can be found below:

* The bar in red indicates where The9's Days Payable falls into.

The9 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.

The9'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
=	( (0.968	+	1.233)	/	2 )	/	27.214	*	365
=	1.1005					/	27.214	*	365
=	14.76

The9'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
=	( (1.18	+	1.233)	/	2 )	/	13.637	*	365 / 2
=	1.2065					/	13.637	*	365 / 2
=	16.15

The9 Days Payable Related Terms

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The9 Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » The9 Ltd (FRA:FZK0) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NCTY:USA

Address

17 Floor, No. 130 Wu Song Road, Hong Kou District, Shanghai, CHN, 200080

Website

https://www.the9.com

The9 Ltd operates a cryptocurrency mining business. It provides computing power, or hash rate, to a Bitcoin mining pool and is entitled to receive a fractional share of Bitcoin award from the Bitcoin mining pool in return. The company generates its revenues from customers in Greater China and other areas.

The9 Headlines

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