Chenqi Technology (HKSE:09680) Days Payable : 13.61 (As of Jun. 2024)

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What is Chenqi Technology Days Payable?

Chenqi Technology's average Accounts Payable for the six months ended in Jun. 2024 was HK$86 Mil. Chenqi Technology's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$1,151 Mil. Hence, Chenqi Technology's Days Payable for the six months ended in Jun. 2024 was 13.61.

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

HKSE:09680' s Days Payable Range Over the Past 10 Years
Min: 10.85 Med: 13.98 Max: 15.32
Current: 11.05

During the past 4 years, Chenqi Technology's highest Days Payable was 15.32. The lowest was 10.85. And the median was 13.98.

HKSE:09680's Days Payable is ranked worse than
87.92% of 919 companies
in the Business Services industry
Industry Median: 46.44 vs HKSE:09680: 11.05

Chenqi Technology's Days Payable increased from Jun. 2023 (11.00) to Jun. 2024 (13.61). It may suggest that Chenqi Technology delayed paying its suppliers.

Chenqi Technology Days Payable Historical Data

The historical data trend for Chenqi 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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Chenqi Technology Days Payable Chart

Chenqi Technology Annual Data

Trend

Dec21

Dec22

Dec23

Dec24

Days Payable

15.32

13.98

10.85

10.73

Chenqi Technology Semi-Annual Data
	Dec21	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial			-	11.00	10.74	13.61	9.42

Competitive Comparison of Chenqi Technology's Days Payable

For the Rental & Leasing Services subindustry, Chenqi 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.

Chenqi Technology's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Chenqi Technology's Days Payable distribution charts can be found below:

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

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Chenqi 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.

Chenqi 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
=	( (64.848	+	85.499)	/	2 )	/	2528.279	*	365
=	75.1735					/	2528.279	*	365
=	10.85

Chenqi 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
=	( (85.499	+	86.205)	/	2 )	/	1151.361	*	365 / 2
=	85.852					/	1151.361	*	365 / 2
=	13.61

Chenqi Technology Days Payable Related Terms

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Chenqi Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Chenqi Technology Ltd (HKSE:09680) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Kaitai Avenue, No. 30-4, Huangpu District, Guangdong Province, Guangzhou, CHN

Website

https://www.ruqimobility.com

Chenqi Technology Ltd a mobility service company in China primarily offering ride-hailing services. It serve and connect various participants of the mobility industry including the riders, drivers, automobile OEMs, vehicle service providers and autonomous driving solution providers, The company operates three reportable segments: Mobility services business, Technology services business and Fleet sale and maintenance business. Key revenue is generated from Mobility services business which includes provision of ride-hailing services, Robotaxi services, hitch services and other related services.

Executives

Tencent Holdings Limited
Tencent Mobility Limited
Guangzhou Automobile Industry Group Co., Ltd.	2201 Interest of corporation controlled by you
China Lounge Investments Limited	2101 Beneficial owner
Guangzhou Automobile Group Co., Ltd.	2201 Interest of corporation controlled by you
Didi Global Inc.	2201 Interest of corporation controlled by you
Hongkong Pony Ai Limited	2101 Beneficial owner
Peng Jun	2201 Interest of corporation controlled by you
Pony Ai Inc.	2201 Interest of corporation controlled by you

Chenqi Technology Headlines

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