Asiainfo Security Technologies Co (SHSE:688225) Days Payable : 182.86 (As of Jun. 2024)

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What is Asiainfo Security Technologies Co Days Payable?

Asiainfo Security Technologies Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥305 Mil. Asiainfo Security Technologies Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥152 Mil. Hence, Asiainfo Security Technologies Co's Days Payable for the three months ended in Jun. 2024 was 182.86.

The historical rank and industry rank for Asiainfo Security Technologies Co's Days Payable or its related term are showing as below:

SHSE:688225' s Days Payable Range Over the Past 10 Years
Min: 25.33 Med: 40.63 Max: 122.66
Current: 110.83

During the past 7 years, Asiainfo Security Technologies Co's highest Days Payable was 122.66. The lowest was 25.33. And the median was 40.63.

SHSE:688225's Days Payable is ranked better than
72.71% of 2554 companies
in the Software industry
Industry Median: 49.265 vs SHSE:688225: 110.83

Asiainfo Security Technologies Co's Days Payable increased from Jun. 2023 (123.71) to Jun. 2024 (182.86). It may suggest that Asiainfo Security Technologies Co delayed paying its suppliers.

Asiainfo Security Technologies Co Days Payable Historical Data

The historical data trend for Asiainfo Security Technologies 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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Asiainfo Security Technologies Co Days Payable Chart

Asiainfo Security Technologies Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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26.25

40.63

58.45

91.51

122.66

Asiainfo Security Technologies Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															123.71	84.35	65.88	200.53	182.86

Competitive Comparison of Asiainfo Security Technologies Co's Days Payable

For the Information Technology Services subindustry, Asiainfo Security Technologies 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.

Asiainfo Security Technologies Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Asiainfo Security Technologies Co's Days Payable falls into.

Asiainfo Security Technologies 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.

Asiainfo Security Technologies 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
=	( (245.207	+	318.724)	/	2 )	/	839.068	*	365
=	281.9655					/	839.068	*	365
=	122.66

Asiainfo Security Technologies 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: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (322.946	+	287.13)	/	2 )	/	152.222	*	365 / 4
=	305.038					/	152.222	*	365 / 4
=	182.86

Asiainfo Security Technologies Co Days Payable Related Terms

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Asiainfo Security Technologies Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Asiainfo Security Technologies Co Ltd (SHSE:688225) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 98, Huashen Avenue, Building 01, Yuhuatai District, Jiangsu Province, Nanjing, CHN, 100089

Website

https://www.asiainfo-sec.com

Asiainfo Security Technologies Co Ltd is a leader in China's network security software field, and a network security company that knows the Internet and the cloud in the industry.

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