NISN (NiSun International Enterprise Development Group Co) Days Payable : 31.67 (As of Jun. 2024)

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What is NiSun International Enterprise Development Group Co Days Payable?

NiSun International Enterprise Development Group Co's average Accounts Payable for the six months ended in Jun. 2024 was $30.4 Mil. NiSun International Enterprise Development Group Co's Cost of Goods Sold for the six months ended in Jun. 2024 was $175.3 Mil. Hence, NiSun International Enterprise Development Group Co's Days Payable for the six months ended in Jun. 2024 was 31.67.

The historical rank and industry rank for NiSun International Enterprise Development Group Co's Days Payable or its related term are showing as below:

NISN' s Days Payable Range Over the Past 10 Years
Min: 14.04 Med: 42.7 Max: 14472.25
Current: 28.72

During the past 11 years, NiSun International Enterprise Development Group Co's highest Days Payable was 14472.25. The lowest was 14.04. And the median was 42.70.

NISN's Days Payable is ranked worse than
67.14% of 910 companies
in the Business Services industry
Industry Median: 46.26 vs NISN: 28.72

NiSun International Enterprise Development Group Co's Days Payable declined from Jun. 2023 (66.48) to Jun. 2024 (31.67). It may suggest that NiSun International Enterprise Development Group Co accelerated paying its suppliers.

NiSun International Enterprise Development Group Co Days Payable Historical Data

The historical data trend for NiSun International Enterprise Development Group Co'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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NiSun International Enterprise Development Group Co Days Payable Chart

NiSun International Enterprise Development Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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14,472.25

14.04

62.43

70.29

45.48

NiSun International Enterprise Development Group Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial															41.70	45.35	66.48	31.45	31.67

Competitive Comparison of NiSun International Enterprise Development Group Co's Days Payable

For the Specialty Business Services subindustry, NiSun International Enterprise Development Group Co'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.

NiSun International Enterprise Development Group Co's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, NiSun International Enterprise Development Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where NiSun International Enterprise Development Group Co's Days Payable falls into.

NiSun International Enterprise Development Group Co 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.

NiSun International Enterprise Development Group Co'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
=	( (40.925	+	45.464)	/	2 )	/	346.685	*	365
=	43.1945					/	346.685	*	365
=	45.48

NiSun International Enterprise Development Group Co'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
=	( (45.464	+	15.371)	/	2 )	/	175.285	*	365 / 2
=	30.4175					/	175.285	*	365 / 2
=	31.67

NiSun International Enterprise Development Group Co Days Payable Related Terms

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NiSun International Enterprise Development Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » NiSun International Enterprise Development Group Co Ltd (NAS:NISN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 55 Loushanguan Road, Floor 20-21, New Hongqiao Building, Changning District, Shanghai, CHN

Website

https://www.fintaike.com

NiSun International Enterprise Development Group Co Ltd is a provider of supply chain solutions and integrated financial services. Nisun is dedicated to providing professional supply chain solutions to Chinese and foreign enterprises and financial institutions. Through its subsidiaries, it is engaged in delivering supply chain solutions, and supply chain trading services to its customers across different industries. The company also provides financial solutions to small and mid-sized enterprises within the supply chain ecosystem. Using its fintech platforms, it provides various financing options, including supply chain financing, trade financing, and receivables financing. Geographically, its operations are predominantly focused on markets within the People's Republic of China.

Executives

Apex Trading Group Inc

10 percent owner

181 SPADINA RD., RICHMOND HILL A6 L4B3C5