Cheshi Technology (HKSE:01490) Days Payable : 72.14 (As of Dec. 2023)

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What is Cheshi Technology Days Payable?

Cheshi Technology's average Accounts Payable for the six months ended in Dec. 2023 was HK$7.6 Mil. Cheshi Technology's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$19.1 Mil. Hence, Cheshi Technology's Days Payable for the six months ended in Dec. 2023 was 72.14.

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

HKSE:01490' s Days Payable Range Over the Past 10 Years
Min: 15.11 Med: 66.54 Max: 104.54
Current: 61.71

During the past 7 years, Cheshi Technology's highest Days Payable was 104.54. The lowest was 15.11. And the median was 66.54.

HKSE:01490's Days Payable is ranked worse than
57.71% of 934 companies
in the Media - Diversified industry
Industry Median: 80.24 vs HKSE:01490: 61.71

Cheshi Technology's Days Payable increased from Dec. 2022 (45.36) to Dec. 2023 (72.14). It may suggest that Cheshi Technology delayed paying its suppliers.

Cheshi Technology Days Payable Historical Data

The historical data trend for Cheshi Technology'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.

Cheshi Technology Days Payable Chart

Cheshi Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.54

53.63

15.11

38.44

94.39

Cheshi Technology Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial								16.76	45.36	63.31	72.14	75.23

Competitive Comparison of Cheshi Technology's Days Payable

For the Advertising Agencies subindustry, Cheshi Technology'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.

Cheshi Technology's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Cheshi Technology's Days Payable distribution charts can be found below:

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

Cheshi Technology 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.

Cheshi Technology'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
=	( (8.049	+	10.943)	/	2 )	/	36.722	*	365
=	9.496					/	36.722	*	365
=	94.39

Cheshi Technology'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
=	( (4.168	+	10.943)	/	2 )	/	19.115	*	365 / 2
=	7.5555					/	19.115	*	365 / 2
=	72.14

Cheshi Technology Days Payable Related Terms

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Cheshi Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Cheshi Technology Inc (HKSE:01490) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 5 Jingshun Road, Block C, Shuguang Tower, Room 401, Chaoyang District, Beijing, CHN, 100028

Website

https://www.cheshi.com

Cheshi Technology Inc is an investment holding company that is engaged in the advertising service of automobiles in the People's Republic of China. It offers automobile content produced by an in-house content team and distributed across the group's proprietary. It operates in two segments: Online Advertising Services, which provides automobile-related advertising services, and publication of automobile-related articles and videos, both of which are published on the Group's online platform and Transaction Facilitation Services. Nearly all of its revenue comes from the Online Advertising segment. Geographically, it operates only in China.

Executives

Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee
Ma Yuanyuan	2202 Interest of your spouse
Xc Group Limited	2101 Beneficial owner
Xu Chong	2201 Interest of corporation controlled by you

Cheshi Technology Headlines

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