Qiniu (HKSE:02567) Days Payable : 77.43 (As of Mar. 2024)

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What is Qiniu Days Payable?

Qiniu's average Accounts Payable for the three months ended in Mar. 2024 was HK$230.7 Mil. Qiniu's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$271.8 Mil. Hence, Qiniu's Days Payable for the three months ended in Mar. 2024 was 77.43.

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

HKSE:02567' s Days Payable Range Over the Past 10 Years
Min: 46 Med: 58.16 Max: 309.72
Current: 309.72

During the past 3 years, Qiniu's highest Days Payable was 309.72. The lowest was 46.00. And the median was 58.16.

HKSE:02567's Days Payable is ranked better than
89.5% of 2523 companies
in the Software industry
Industry Median: 48.75 vs HKSE:02567: 309.72

Qiniu's Days Payable increased from Dec. 2021 (0.00) to Mar. 2024 (77.43). It may suggest that Qiniu delayed paying its suppliers.

Qiniu Days Payable Historical Data

The historical data trend for Qiniu'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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Qiniu Days Payable Chart

Qiniu Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

46.00

58.16

64.95

Qiniu Quarterly Data
	Dec21	Dec22	Mar23	Dec23	Mar24
Days Payable	-	-	59.38	-	77.43

Competitive Comparison of Qiniu's Days Payable

For the Software - Infrastructure subindustry, Qiniu'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.

Qiniu's Days Payable Distribution in the Software Industry

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

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

Qiniu 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.

Qiniu'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
=	( (144.058	+	230.956)	/	2 )	/	1053.746	*	365
=	187.507					/	1053.746	*	365
=	64.95

Qiniu'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
=	( (230.956	+	230.378)	/	2 )	/	271.833	*	365 / 4
=	230.667					/	271.833	*	365 / 4
=	77.43

Qiniu Days Payable Related Terms

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Qiniu Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qiniu Ltd (HKSE:02567) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.66 Boxia Road, Floors 1-4, Building Q, Pudong New District, Shanghai, CHN

Website

http://www.qiniu.ltd

Qiniu Ltd provides audiovisual cloud services in China. Audiovisual cloud services refer to the producing, storing, processing, distributing, analyzing, auditing, retrieving, and recommending unstructured audiovisual content in multi-media formats. PaaS is a computing service model by which cloud service providers offer a suite of hardware and software resources to their users via a platform, enabling the users to focus on writing codes, configuring the service metrics and monitoring of applications without the need to divert time and resources to the development and maintenance of the infrastructure underlying the platform, including maintenance of hardware, updates of operating system, data backup and recovery, internet security, disaster recovery, etc.

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