Qiming Information Technology Co (SZSE:002232) Days Payable : 247.70 (As of Mar. 2025)

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What is Qiming Information Technology Co Days Payable?

Qiming Information Technology Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥337.8 Mil. Qiming Information Technology Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥124.4 Mil. Hence, Qiming Information Technology Co's Days Payable for the three months ended in Mar. 2025 was 247.70.

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

SZSE:002232' s Days Payable Range Over the Past 10 Years
Min: 121.4 Med: 153.72 Max: 219.23
Current: 181.33

During the past 13 years, Qiming Information Technology Co's highest Days Payable was 219.23. The lowest was 121.40. And the median was 153.72.

SZSE:002232's Days Payable is ranked better than
81.33% of 2549 companies
in the Software industry
Industry Median: 51.21 vs SZSE:002232: 181.33

Qiming Information Technology Co's Days Payable declined from Mar. 2024 (309.85) to Mar. 2025 (247.70). It may suggest that Qiming Information Technology Co accelerated paying its suppliers.

Qiming Information Technology Co Days Payable Historical Data

The historical data trend for Qiming Information 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.

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Qiming Information Technology Co Days Payable Chart

Qiming Information Technology Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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147.16

203.11

144.23

180.13

219.23

Qiming Information Technology Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															309.85	350.95	229.07	81.94	247.70

Competitive Comparison of Qiming Information Technology Co's Days Payable

For the Software - Application subindustry, Qiming Information 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.

Qiming Information Technology Co's Days Payable Distribution in the Software Industry

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

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

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Qiming Information 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.

Qiming Information Technology Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (509.701	+	318.58)	/	2 )	/	689.518	*	365
=	414.1405					/	689.518	*	365
=	219.23

Qiming Information Technology Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (318.58	+	356.922)	/	2 )	/	124.425	*	365 / 4
=	337.751					/	124.425	*	365 / 4
=	247.70

Qiming Information Technology Co Days Payable Related Terms

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Qiming Information Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Qiming Information Technology Co Ltd (SZSE:002232) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1009 Lily Street, Changchun Jingyue High-tech Industrial Development Zone, Jilin Province, Changchun, CHN, 130122

Website

http://www.qm.cn

Qiming Information Technology Co Ltd specializes in the research and development, manufacturing and services for automotive industry management software and automotive electronics products.

Executives

Du A Wei	Executives
Wang Qiang	Director
Xie Chun Yu	Executives
Ren Ming	Supervisors
Bai Yu Min	Executives
Zhao Xiao Guo	Executives
Zhao Cheng Cai	Director
Zhang Yi Shan	Director
Cheng Chuan Hai	Directors, executives

Qiming Information Technology Co Headlines

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