Flowing Cloud Technology (HKSE:06610) Days Payable : 41.58 (As of Jun. 2024)

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What is Flowing Cloud Technology Days Payable?

Flowing Cloud Technology's average Accounts Payable for the six months ended in Jun. 2024 was HK$79 Mil. Flowing Cloud Technology's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$347 Mil. Hence, Flowing Cloud Technology's Days Payable for the six months ended in Jun. 2024 was 41.58.

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

HKSE:06610' s Days Payable Range Over the Past 10 Years
Min: 31.82 Med: 38.4 Max: 94.32
Current: 39.88

During the past 5 years, Flowing Cloud Technology's highest Days Payable was 94.32. The lowest was 31.82. And the median was 38.40.

HKSE:06610's Days Payable is ranked worse than
56.72% of 2523 companies
in the Software industry
Industry Median: 48.75 vs HKSE:06610: 39.88

Flowing Cloud Technology's Days Payable increased from Jun. 2023 (38.81) to Jun. 2024 (41.58). It may suggest that Flowing Cloud Technology delayed paying its suppliers.

Flowing Cloud Technology Days Payable Historical Data

The historical data trend for Flowing Cloud Technology'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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Flowing Cloud Technology Days Payable Chart

Flowing Cloud Technology Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

94.32

68.76

38.40

31.89

31.82

Flowing Cloud Technology Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			25.93	36.04	38.81	36.21	41.58

Competitive Comparison of Flowing Cloud Technology's Days Payable

For the Software - Application subindustry, Flowing Cloud Technology'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.

Flowing Cloud Technology's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Flowing Cloud Technology's Days Payable falls into.

Flowing Cloud Technology 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.

Flowing Cloud Technology'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
=	( (80.883	+	76.271)	/	2 )	/	901.281	*	365
=	78.577					/	901.281	*	365
=	31.82

Flowing Cloud Technology'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
=	( (76.271	+	82.081)	/	2 )	/	347.48	*	365 / 2
=	79.176					/	347.48	*	365 / 2
=	41.58

Flowing Cloud Technology Days Payable Related Terms

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Flowing Cloud Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Flowing Cloud Technology Ltd (HKSE:06610) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Guangqulu No. 3, Shop 8, Jingyuan Art Center, Chaoyang District, Beijing, CHN

Website

https://www.flowingcloud.com

Flowing Cloud Technology Ltd is a supplier of the Metaverse scene application tier in China. It is a leading smart marketing technology service provider in China. It uses AR/VR engine, AI behavior algorithm, cloud computing and other technical capabilities to empower the business development of enterprises in various vertical industries such as e-commerce, education, and cultural tourism.

Executives

Brainstorming Cafe Limited	2101 Beneficial owner
Cyber Warrior Holdings Limited	2201 Interest of corporation controlled by you
Lyh. Ltd.	2201 Interest of corporation controlled by you
Vistra Trust (singapore) Pte. Limited	2301 Trustee
Wanglei Co., Ltd.	2201 Interest of corporation controlled by you
Wang Lei	2201 Interest of corporation controlled by you
Feng Da Sha	2202 Interest of your spouse
Zhang Zi Mo	2202 Interest of your spouse
Li Yan Hao	2201 Interest of corporation controlled by you
Bei Jing Tong Chuang Zhi Ming Ke Ji He Huo Qi Ye You Xian He Huo	2101 Beneficial owner
Shan Dong Tong Chuang Xin Xing Zhi Lian Chuang Ye Tou Zi He Huo Qi Ye You Xian He Huo	2201 Interest of corporation controlled by you

Flowing Cloud Technology Headlines

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