NetEase Cloud Music (HKSE:09899) Days Payable : 1.45 (As of Dec. 2024)

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What is NetEase Cloud Music Days Payable?

NetEase Cloud Music's average Accounts Payable for the six months ended in Dec. 2024 was HK$22 Mil. NetEase Cloud Music's Cost of Goods Sold for the six months ended in Dec. 2024 was HK$2,801 Mil. Hence, NetEase Cloud Music's Days Payable for the six months ended in Dec. 2024 was 1.45.

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

HKSE:09899' s Days Payable Range Over the Past 10 Years
Min: 0.01 Med: 0.84 Max: 15.29
Current: 0.96

During the past 7 years, NetEase Cloud Music's highest Days Payable was 15.29. The lowest was 0.01. And the median was 0.84.

HKSE:09899's Days Payable is ranked worse than
99.77% of 433 companies
in the Interactive Media industry
Industry Median: 62.18 vs HKSE:09899: 0.96

NetEase Cloud Music's Days Payable increased from Dec. 2023 (0.01) to Dec. 2024 (1.45). It may suggest that NetEase Cloud Music delayed paying its suppliers.

NetEase Cloud Music Days Payable Historical Data

The historical data trend for NetEase Cloud Music'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.

NetEase Cloud Music Days Payable Chart

NetEase Cloud Music Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

Get a 7-Day Free Trial

3.97

0.04

0.01

0.84

NetEase Cloud Music Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial							0.02	0.01	0.01	0.61	1.45

Competitive Comparison of NetEase Cloud Music's Days Payable

For the Internet Content & Information subindustry, NetEase Cloud Music'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.

NetEase Cloud Music's Days Payable Distribution in the Interactive Media Industry

For the Interactive Media industry and Communication Services sector, NetEase Cloud Music's Days Payable distribution charts can be found below:

* The bar in red indicates where NetEase Cloud Music's Days Payable falls into.

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NetEase Cloud Music 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.

NetEase Cloud Music's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (0.187	+	25.64)	/	2 )	/	5625.174	*	365
=	12.9135					/	5625.174	*	365
=	0.84

NetEase Cloud Music's Days Payable for the quarter that ended in Dec. 2024 is calculated as:

	Days Payable (Q: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2024 )	*	Days in Period
=	( (18.778	+	25.64)	/	2 )	/	2801.435	*	365 / 2
=	22.209					/	2801.435	*	365 / 2
=	1.45

NetEase Cloud Music Days Payable Related Terms

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NetEase Cloud Music Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » NetEase Cloud Music Inc (HKSE:09899) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 353 Benjing Avenue, Room 1201, Block A, Hangzhou International Expo Center, Qianjiang Century City, Xiaoshan District, Zhejiang Province, Hangzhou, CHN

Website

http://ir.music.163.com

Cloud Music is the second-largest online music service provider in China, founded in 2013 by NetEase. NetEase currently holds approximately 58% of Cloud Music's equity stake and controls 90% of its voting power. The platform's business model is similar to its main competitor, Tencent Music, as both offer music streaming services along with social entertainment features like live streaming to engage users and drive additional revenue.

Executives

Ding William Lei
Netease, Inc.
Shining Globe Holding Limited
Tmf (cayman) Ltd.
Alibaba Group Holding Limited	2201 Interest of corporation controlled by you
Taobao China Holding Limited	2101 Beneficial owner
Taobao Holding Limited	2201 Interest of corporation controlled by you
Shining Globe International Limited	2201 Interest of corporation controlled by you
Gic Private Limited	2501 Other
Gic (ventures) Pte. Ltd.	2201 Interest of corporation controlled by you
Gic Special Investments Private Limited	2102 Investment manager

NetEase Cloud Music Headlines

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