Bairong (HKSE:06608) Days Payable : 150.68 (As of Jun. 2024)

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What is Bairong Days Payable?

Bairong's average Accounts Payable for the six months ended in Jun. 2024 was HK$315 Mil. Bairong's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$381 Mil. Hence, Bairong's Days Payable for the six months ended in Jun. 2024 was 150.68.

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

HKSE:06608' s Days Payable Range Over the Past 10 Years
Min: 14.26 Med: 55.2 Max: 128.35
Current: 128.35

During the past 7 years, Bairong's highest Days Payable was 128.35. The lowest was 14.26. And the median was 55.20.

HKSE:06608's Days Payable is ranked better than
75.92% of 2554 companies
in the Software industry
Industry Median: 49.15 vs HKSE:06608: 128.35

Bairong's Days Payable increased from Jun. 2023 (94.96) to Jun. 2024 (150.68). It may suggest that Bairong delayed paying its suppliers.

Bairong Days Payable Historical Data

The historical data trend for Bairong'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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Bairong Days Payable Chart

Bairong Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.78

55.20

62.16

85.70

118.25

Bairong Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial							69.76	82.55	94.96	118.86	150.68

Competitive Comparison of Bairong's Days Payable

For the Software - Infrastructure subindustry, Bairong'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.

Bairong's Days Payable Distribution in the Software Industry

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

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

Bairong 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.

Bairong'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
=	( (184.635	+	330.164)	/	2 )	/	794.502	*	365
=	257.3995					/	794.502	*	365
=	118.25

Bairong'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
=	( (330.164	+	299.485)	/	2 )	/	381.305	*	365 / 2
=	314.8245					/	381.305	*	365 / 2
=	150.68

Bairong Days Payable Related Terms

Thank you for viewing the detailed overview of Bairong's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Bairong Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bairong Inc (HKSE:06608) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

6B5:Germany

Address

No.10 Furong Street, 1-3/F, Tower A, Chaoyang District, Beijing, CHN

Website

https://www.brgroup.com

Bairong Inc is an independent AI-powered technology platform in China serving the financial services industry. It is driven by science and technology, and continuously explores the scenarios and applications of cutting-edge technologies such as artificial intelligence, cloud computing, and blockchain in the financial field, empowering financial institutions to innovate and transform digitally, and help financial inclusion.

Executives

Hong Jing	2201 Interest of corporation controlled by you
Zhang Shaofeng	2101 Beneficial owner
Genisage Tech Inc.	2101 Beneficial owner
Genisage Holdings Limited	2201 Interest of corporation controlled by you
Tmf (cayman) Ltd.	2301 Trustee
Zhuhai Gaoling Tiancheng Investment Management Co., Ltd.	2201 Interest of corporation controlled by you
Tianjin Gltc Enterprise Management Consultation, L.p.	2201 Interest of corporation controlled by you
Hh Br-i Holdings Limited	2101 Beneficial owner
China International Capital Corporation Limited	2201 Interest of corporation controlled by you
Shanghai Zhexuan Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Beijing Sequoia Xinyuan Equity Investment Partnership (l.p.)	2201 Interest of corporation controlled by you
Max Elegant Limited	2101 Beneficial owner
Sequoia Capital Equity Investment Management (tianjin) Limited	2201 Interest of corporation controlled by you
Tianjin Sequoia Huanrong Enterprise Management Consulting Center L.p.	2201 Interest of corporation controlled by you
Zhou Kui	2201 Interest of corporation controlled by you

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