Changjiu Holdings (HKSE:06959) Days Payable : 27.96 (As of Dec. 2023)

View and export this data going back to 2024. Start your Free Trial

What is Changjiu Holdings Days Payable?

Changjiu Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$30.7 Mil. Changjiu Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$200.2 Mil. Hence, Changjiu Holdings's Days Payable for the six months ended in Dec. 2023 was 27.96.

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

HKSE:06959' s Days Payable Range Over the Past 10 Years
Min: 28.87 Med: 31.52 Max: 35.91
Current: 28.87

During the past 4 years, Changjiu Holdings's highest Days Payable was 35.91. The lowest was 28.87. And the median was 31.52.

HKSE:06959's Days Payable is ranked worse than
68.61% of 2536 companies
in the Software industry
Industry Median: 50.42 vs HKSE:06959: 28.87

Changjiu Holdings's Days Payable declined from Dec. 2022 (30.53) to Dec. 2023 (27.96). It may suggest that Changjiu Holdings accelerated paying its suppliers.

Changjiu Holdings Days Payable Historical Data

The historical data trend for Changjiu 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.

* Premium members only.

Changjiu Holdings Days Payable Chart

Changjiu Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

35.91

31.13

31.90

29.84

Changjiu Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	31.86	30.53	28.82	27.96

Competitive Comparison of Changjiu Holdings's Days Payable

For the Software - Application subindustry, Changjiu 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.

Changjiu Holdings's Days Payable Distribution in the Software Industry

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

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

Changjiu 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.

Changjiu 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
=	( (31.834	+	32.377)	/	2 )	/	392.757	*	365
=	32.1055					/	392.757	*	365
=	29.84

Changjiu 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
=	( (28.972	+	32.377)	/	2 )	/	200.221	*	365 / 2
=	30.6745					/	200.221	*	365 / 2
=	27.96

Changjiu Holdings Days Payable Related Terms

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

Changjiu Holdings (HKSE:06959) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Changjiu Holdings Ltd (HKSE:06959) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 99 Shigezhuang Road, Changjiu Building, Chaoyang, Beijing, CHN

Website

Changjiu Holdings Ltd provides pledged vehicle monitoring services and automobile dealership operation management services in China. It offers pledged vehicle monitoring services primarily to (i) financial institutions that provide secured financing to automobile dealerships for their purchase of vehicles; and (ii) automobile dealerships with pledged vehicles.

Changjiu Holdings (HKSE:06959) Headlines

No Headlines