Hangzhou Arcvideo Technology Co (SHSE:688039) Days Payable : 301.87 (As of Mar. 2024)

View and export this data going back to 2019. Start your Free Trial

What is Hangzhou Arcvideo Technology Co Days Payable?

Hangzhou Arcvideo Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥135.8 Mil. Hangzhou Arcvideo Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥41.1 Mil. Hence, Hangzhou Arcvideo Technology Co's Days Payable for the three months ended in Mar. 2024 was 301.87.

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

SHSE:688039' s Days Payable Range Over the Past 10 Years
Min: 67.36 Med: 176.29 Max: 259.59
Current: 224.09

During the past 8 years, Hangzhou Arcvideo Technology Co's highest Days Payable was 259.59. The lowest was 67.36. And the median was 176.29.

SHSE:688039's Days Payable is ranked better than
84.77% of 2534 companies
in the Software industry
Industry Median: 50.345 vs SHSE:688039: 224.09

Hangzhou Arcvideo Technology Co's Days Payable declined from Mar. 2023 (446.15) to Mar. 2024 (301.87). It may suggest that Hangzhou Arcvideo Technology Co accelerated paying its suppliers.

Hangzhou Arcvideo Technology Co Days Payable Historical Data

The historical data trend for Hangzhou Arcvideo Technology 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.

* Premium members only.

Hangzhou Arcvideo Technology Co Days Payable Chart

Hangzhou Arcvideo Technology Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

175.48

177.10

256.06

259.59

244.79

Hangzhou Arcvideo Technology Co 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															446.15	352.35	180.13	171.59	301.87

Competitive Comparison of Hangzhou Arcvideo Technology Co's Days Payable

For the Information Technology Services subindustry, Hangzhou Arcvideo Technology 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.

Hangzhou Arcvideo Technology Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Hangzhou Arcvideo Technology Co's Days Payable falls into.

Hangzhou Arcvideo Technology 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.

Hangzhou Arcvideo Technology 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
=	( (144.647	+	144.216)	/	2 )	/	215.361	*	365
=	144.4315					/	215.361	*	365
=	244.79

Hangzhou Arcvideo Technology Co'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
=	( (144.216	+	127.391)	/	2 )	/	41.051	*	365 / 4
=	135.8035					/	41.051	*	365 / 4
=	301.87

Hangzhou Arcvideo Technology Co Days Payable Related Terms

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

Hangzhou Arcvideo Technology Co (SHSE:688039) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Hangzhou Arcvideo Technology Co Ltd (SHSE:688039) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3 Xidoumen Road, Building A, 16th Floor, Building E, Paradise Software Park, Hangzhou, CHN, 310012

Website

http://www.arcvideo.cn

Hangzhou Arcvideo Technology Co Ltd is engaged in providing large video and intelligent video solutions and video cloud services. The company offers video transcoding, intelligent portrait recognition, full terminal playback, and low-latency video communication And other core algorithm research and application, in China for radio and television media, Internet video, education, public security, justice, social security, government and other large video industries.

Hangzhou Arcvideo Technology Co (SHSE:688039) Headlines

No Headlines