Duolun Technology (SHSE:603528) Days Payable : 136.43 (As of Mar. 2024)

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What is Duolun Technology Days Payable?

Duolun Technology's average Accounts Payable for the three months ended in Mar. 2024 was ¥176.7 Mil. Duolun Technology's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥118.2 Mil. Hence, Duolun Technology's Days Payable for the three months ended in Mar. 2024 was 136.43.

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

SHSE:603528' s Days Payable Range Over the Past 10 Years
Min: 135.23 Med: 165.76 Max: 264.96
Current: 180.44

During the past 13 years, Duolun Technology's highest Days Payable was 264.96. The lowest was 135.23. And the median was 165.76.

SHSE:603528's Days Payable is ranked better than
81.97% of 2523 companies
in the Software industry
Industry Median: 49.5 vs SHSE:603528: 180.44

Duolun Technology's Days Payable declined from Mar. 2023 (190.21) to Mar. 2024 (136.43). It may suggest that Duolun Technology accelerated paying its suppliers.

Duolun Technology Days Payable Historical Data

The historical data trend for Duolun 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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Duolun Technology Days Payable Chart

Duolun Technology Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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156.78

174.72

149.74

179.21

197.21

Duolun Technology Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															190.21	249.38	185.90	178.50	136.43

Competitive Comparison of Duolun Technology's Days Payable

For the Software - Application subindustry, Duolun 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.

Duolun Technology's Days Payable Distribution in the Software Industry

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

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

Duolun 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.

Duolun 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
=	( (206.844	+	178.82)	/	2 )	/	356.904	*	365
=	192.832					/	356.904	*	365
=	197.21

Duolun Technology's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (178.82	+	174.627)	/	2 )	/	118.202	*	365 / 4
=	176.7235					/	118.202	*	365 / 4
=	136.43

Duolun Technology Days Payable Related Terms

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Duolun Technology (SHSE:603528) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Duolun Technology Corp Ltd (SHSE:603528) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1555 Tianyin Avenue, Jiangning District, Nanjing, CHN, 211112

Website

http://www.doron.com.cn

Duolun Technology Corp Ltd develops motor vehicle driving training and examination system, vehicle driving simulation training systems, intelligent traffic management application platform, traffic signal control systems and electronic police systems.

Executives

Li Yi	Directors, senior managers
Zhang Tie Min	Directors, senior managers
Zhang Tao	Supervisors
Li Xiao Lin	Supervisors
Song Zhi	Director
Su Feng	Director
Qian Sheng Shan	Directors, senior managers
Li Song	senior management
Li Qian Mu	Director
Zhang Qiu Nan	Director
Lin Chun Hua	senior management

Duolun Technology (SHSE:603528) Headlines

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