Infinities Technology International (Cayman) Holding (HKSE:01961) Days Payable : 139.62 (As of Jun. 2024)

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What is Infinities Technology International (Cayman) Holding Days Payable?

Infinities Technology International (Cayman) Holding's average Accounts Payable for the six months ended in Jun. 2024 was HK$92.9 Mil. Infinities Technology International (Cayman) Holding's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$121.4 Mil. Hence, Infinities Technology International (Cayman) Holding's Days Payable for the six months ended in Jun. 2024 was 139.62.

The historical rank and industry rank for Infinities Technology International (Cayman) Holding's Days Payable or its related term are showing as below:

HKSE:01961' s Days Payable Range Over the Past 10 Years
Min: 27.72 Med: 67.94 Max: 266.63
Current: 162.96

During the past 9 years, Infinities Technology International (Cayman) Holding's highest Days Payable was 266.63. The lowest was 27.72. And the median was 67.94.

HKSE:01961's Days Payable is ranked better than
73.21% of 433 companies
in the Interactive Media industry
Industry Median: 62.18 vs HKSE:01961: 162.96

Infinities Technology International (Cayman) Holding's Days Payable increased from Jun. 2023 (55.83) to Jun. 2024 (139.62). It may suggest that Infinities Technology International (Cayman) Holding delayed paying its suppliers.

Infinities Technology International (Cayman) Holding Days Payable Historical Data

The historical data trend for Infinities Technology International (Cayman) Holding'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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Infinities Technology International (Cayman) Holding Days Payable Chart

Infinities Technology International (Cayman) Holding Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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31.97

27.72

69.67

66.20

153.93

Infinities Technology International (Cayman) Holding Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial										62.52	55.83	93.86	139.62	196.11

Competitive Comparison of Infinities Technology International (Cayman) Holding's Days Payable

For the Electronic Gaming & Multimedia subindustry, Infinities Technology International (Cayman) Holding'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.

Infinities Technology International (Cayman) Holding's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, Infinities Technology International (Cayman) Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Infinities Technology International (Cayman) Holding's Days Payable falls into.

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Infinities Technology International (Cayman) Holding 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.

Infinities Technology International (Cayman) Holding'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
=	( (24.703	+	64.834)	/	2 )	/	246.847	*	365
=	44.7685					/	246.847	*	365
=	66.20

Infinities Technology International (Cayman) Holding's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (64.834	+	120.89)	/	2 )	/	121.382	*	365 / 2
=	92.862					/	121.382	*	365 / 2
=	139.62

Infinities Technology International (Cayman) Holding Days Payable Related Terms

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Infinities Technology International (Cayman) Holding Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Infinities Technology International (Cayman) Holding Ltd (HKSE:01961) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12-1 Keyun Road, Room 606, West Building, Fangyuan E Time, Tianhe District, Guangzhou, CHN

Website

https://www.infinities.com.hk

Infinities Technology International (Cayman) Holding Ltd is engaged in the development and operation of mobile games, the distribution of digital media content and gaming products supply in China and overseas. It operates in Mainland China and Other countries.

Executives

Infinities Technology (cayman) Holding Limited	2201 Interest of corporation controlled by you
An Fenghua	2201 Interest of corporation controlled by you
Infinities B&m Technology Limited	2101 Beneficial owner
Infinities Global Technology Limited Partnership	2101 Beneficial owner
Infinities Worldwide Limited	2201 Interest of corporation controlled by you
Liu Xiaoke	2201 Interest of corporation controlled by you
Wang Le	2201 Interest of corporation controlled by you
More Gain Group Limited	2101 Beneficial owner
Tan Bing	2201 Interest of corporation controlled by you

Infinities Technology International (Cayman) Holding Headlines

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