IBO Technology Co (HKSE:02708) Days Payable : 730.43 (As of Sep. 2023)

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What is IBO Technology Co Days Payable?

IBO Technology Co's average Accounts Payable for the six months ended in Sep. 2023 was HK$823.6 Mil. IBO Technology Co's Cost of Goods Sold for the six months ended in Sep. 2023 was HK$205.8 Mil. Hence, IBO Technology Co's Days Payable for the six months ended in Sep. 2023 was 730.43.

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

HKSE:02708' s Days Payable Range Over the Past 10 Years
Min: 37.11 Med: 94.38 Max: 354.77
Current: 354.77

During the past 9 years, IBO Technology Co's highest Days Payable was 354.77. The lowest was 37.11. And the median was 94.38.

HKSE:02708's Days Payable is ranked better than
90.77% of 2524 companies
in the Software industry
Industry Median: 49.615 vs HKSE:02708: 354.77

IBO Technology Co's Days Payable increased from Sep. 2022 (372.01) to Sep. 2023 (730.43). It may suggest that IBO Technology Co delayed paying its suppliers.

IBO Technology Co Days Payable Historical Data

The historical data trend for IBO Technology Co'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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IBO Technology Co Days Payable Chart

IBO Technology Co Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Days Payable

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74.26

37.11

94.38

147.89

320.70

IBO Technology Co Semi-Annual Data
	Mar15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial												159.18	89.89	372.01	258.58	730.43

Competitive Comparison of IBO Technology Co's Days Payable

For the Software - Infrastructure subindustry, IBO Technology Co'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.

IBO Technology Co's Days Payable Distribution in the Software Industry

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

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

IBO Technology Co 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.

IBO Technology Co's Days Payable for the fiscal year that ended in Mar. 2023 is calculated as

	Days Payable (A: Mar. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2022 )	+	Accounts Payable (A: Mar. 2023 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2023 )	*	Days in Period
=	( (629.698	+	998.254)	/	2 )	/	926.425	*	365
=	813.976					/	926.425	*	365
=	320.70

IBO Technology Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (998.254	+	649.02)	/	2 )	/	205.788	*	365 / 2
=	823.637					/	205.788	*	365 / 2
=	730.43

IBO Technology Co Days Payable Related Terms

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IBO Technology Co (HKSE:02708) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » IBO Technology Co Ltd (HKSE:02708) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9116 Beihuan Avenue, Level 6, Block A, Fu Wah Technology Building, Nanshan, Shenzhen, CHN

Website

http://www.ibotech.hk

IBO Technology Co Ltd is engaged in providing the Internet of Things (IoT) intelligent terminal product applications and solutions services in the People's Republic of China. The company operates in four segments. Its System integration segment provides coordination, management, and installation services. The Intelligent terminal products sales segment is involved in the sale of intelligent terminal products. Its Software development segment develops customized software. The company's System maintenance services segment renders system maintenance services. The key revenue is derived from the Intelligent terminal products sales segment. The company earns the majority of its revenue is derived from customers located in the PRC.

Executives

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