Bingo Software Co (SHSE:688227) Days Payable : 292.63 (As of Mar. 2024)

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What is Bingo Software Co Days Payable?

Bingo Software Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥115.8 Mil. Bingo Software Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥36.1 Mil. Hence, Bingo Software Co's Days Payable for the three months ended in Mar. 2024 was 292.63.

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

SHSE:688227' s Days Payable Range Over the Past 10 Years
Min: 78.64 Med: 117.63 Max: 167.43
Current: 100.77

During the past 7 years, Bingo Software Co's highest Days Payable was 167.43. The lowest was 78.64. And the median was 117.63.

SHSE:688227's Days Payable is ranked better than
69.3% of 2531 companies
in the Software industry
Industry Median: 50.13 vs SHSE:688227: 100.77

Bingo Software Co's Days Payable increased from Mar. 2023 (281.52) to Mar. 2024 (292.63). It may suggest that Bingo Software Co delayed paying its suppliers.

Bingo Software Co Days Payable Historical Data

The historical data trend for Bingo Software 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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Bingo Software Co Days Payable Chart

Bingo Software Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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126.32

78.64

104.64

117.63

124.63

Bingo Software Co Quarterly Data
	Mar19	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															281.52	136.32	165.07	45.54	292.63

Competitive Comparison of Bingo Software Co's Days Payable

For the Software - Infrastructure subindustry, Bingo Software 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.

Bingo Software Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Bingo Software Co's Days Payable falls into.

Bingo Software 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.

Bingo Software 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
=	( (103.457	+	126.126)	/	2 )	/	336.192	*	365
=	114.7915					/	336.192	*	365
=	124.63

Bingo Software 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
=	( (126.126	+	105.442)	/	2 )	/	36.104	*	365 / 4
=	115.784					/	36.104	*	365 / 4
=	292.63

Bingo Software Co Days Payable Related Terms

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Bingo Software Co (SHSE:688227) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Bingo Software Co Ltd (SHSE:688227) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 17, Software Road, Building G1, Gaotang Software Industry Base, Tianhe District, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.bingosoft.net

Bingo Software Co Ltd is a cloud computing and industry information service provider. It holds cloud computing-centric basic products such as BingoCloudOS, BingoFuse, BingoInsight, BingoLink and others. The types of products and services include cloud product sales, cloud leasing services, cloud solutions and industry information services.

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