Ruihe Data Technology Holdings (HKSE:03680) Days Payable : 52.85 (As of Dec. 2023)

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What is Ruihe Data Technology Holdings Days Payable?

Ruihe Data Technology Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$71.3 Mil. Ruihe Data Technology Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$246.1 Mil. Hence, Ruihe Data Technology Holdings's Days Payable for the six months ended in Dec. 2023 was 52.85.

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

HKSE:03680' s Days Payable Range Over the Past 10 Years
Min: 16.54 Med: 75.61 Max: 100.6
Current: 78.2

During the past 8 years, Ruihe Data Technology Holdings's highest Days Payable was 100.60. The lowest was 16.54. And the median was 75.61.

HKSE:03680's Days Payable is ranked better than
62.47% of 2531 companies
in the Software industry
Industry Median: 50.16 vs HKSE:03680: 78.20

Ruihe Data Technology Holdings's Days Payable declined from Dec. 2022 (74.44) to Dec. 2023 (52.85). It may suggest that Ruihe Data Technology Holdings accelerated paying its suppliers.

Ruihe Data Technology Holdings Days Payable Historical Data

The historical data trend for Ruihe Data Technology Holdings'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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Ruihe Data Technology Holdings Days Payable Chart

Ruihe Data Technology Holdings Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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58.84

92.37

97.58

100.60

95.27

Ruihe Data Technology Holdings Semi-Annual Data
	Dec16	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial								67.77	94.28	74.44	109.13	52.85

Competitive Comparison of Ruihe Data Technology Holdings's Days Payable

For the Information Technology Services subindustry, Ruihe Data Technology Holdings'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.

Ruihe Data Technology Holdings's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Ruihe Data Technology Holdings's Days Payable falls into.

Ruihe Data Technology Holdings 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.

Ruihe Data Technology Holdings'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
=	( (82.994	+	100.184)	/	2 )	/	350.903	*	365
=	91.589					/	350.903	*	365
=	95.27

Ruihe Data Technology Holdings'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
=	( (42.353	+	100.184)	/	2 )	/	246.093	*	365 / 2
=	71.2685					/	246.093	*	365 / 2
=	52.85

Ruihe Data Technology Holdings Days Payable Related Terms

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Ruihe Data Technology Holdings (HKSE:03680) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Ruihe Data Technology Holdings Ltd (HKSE:03680) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Cangqian Street, Room 4101, 41st Floor, Building 2, Euro-American Financial City, Yuhang District, Zhejiang Province, Hangzhou, CHN

Website

https://www.datamargin.com

Ruihe Data Technology Holdings Ltd formerly Suoxinda Holdings Ltd is engaged in the provision of data solutions, sales of hardware and software, and related services as an integrated service, as well as information technology maintenance and support services. It derives maximum revenue from Data solutions.

Executives

Xue Shouguang	2201 Interest of corporation controlled by you
Mindas Touch Global Limited	2101 Beneficial owner
Shen Zhen Shi Gao Sheng Da Lv You Qi Che Fu Wu You Xian Gong Si	2101 Beneficial owner
Wang Donglin	2201 Interest of corporation controlled by you
Treasure Tree Asia Holdings Co. Ltd	2101 Beneficial owner
Chen Weiping	2202 Interest of your spouse
Wu Xinlan	2202 Interest of your spouse
Chen Zhenping	2101 Beneficial owner
Wang Donglin	2101 Beneficial owner
Ideal Treasure Holdings Limited	2101 Beneficial owner
Wu Xiaohua	2201 Interest of corporation controlled by you
Chi Xianfang	2202 Interest of your spouse
Huatai Securities Co., Ltd.	2201 Interest of corporation controlled by you
Song Hongtao	2101 Beneficial owner
Benefit Ocean Holdings Limited	2101 Beneficial owner

Ruihe Data Technology Holdings (HKSE:03680) Headlines

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