Digiwin Software Co (SZSE:300378) Days Payable : 103.02 (As of Mar. 2024)

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What is Digiwin Software Co Days Payable?

Digiwin Software Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥205 Mil. Digiwin Software Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥181 Mil. Hence, Digiwin Software Co's Days Payable for the three months ended in Mar. 2024 was 103.02.

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

SZSE:300378' s Days Payable Range Over the Past 10 Years
Min: 66.34 Med: 123.65 Max: 152.33
Current: 69.86

During the past 13 years, Digiwin Software Co's highest Days Payable was 152.33. The lowest was 66.34. And the median was 123.65.

SZSE:300378's Days Payable is ranked better than
59.15% of 2531 companies
in the Software industry
Industry Median: 50.16 vs SZSE:300378: 69.86

Digiwin Software Co's Days Payable increased from Mar. 2023 (84.40) to Mar. 2024 (103.02). It may suggest that Digiwin Software Co delayed paying its suppliers.

Digiwin Software Co Days Payable Historical Data

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

Digiwin Software Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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134.71

66.34

68.74

73.72

82.34

Digiwin Software 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															84.40	58.49	68.27	64.97	103.02

Competitive Comparison of Digiwin Software Co's Days Payable

For the Software - Infrastructure subindustry, Digiwin 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.

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

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

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

Digiwin 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.

Digiwin 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
=	( (152.727	+	230.158)	/	2 )	/	848.646	*	365
=	191.4425					/	848.646	*	365
=	82.34

Digiwin 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
=	( (230.158	+	179.447)	/	2 )	/	181.404	*	365 / 4
=	204.8025					/	181.404	*	365 / 4
=	103.02

Digiwin Software Co Days Payable Related Terms

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Digiwin Software Co (SZSE:300378) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Digiwin Software Co Ltd (SZSE:300378) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7, Lane 1377, Jiangchang Road, 20th Floor, Jing'an District, Shanghai, CHN, 200072

Website

http://www.digiwin.com.cn

Digiwin Software Co Ltd is a China based software solution provider. It offers complete ERP/ERPII solutions for the enterprises. The company offered T-series products are for large size companies; E-series products are for medium size companies; C-series products are for small companies; and A-series cloud services are for small to micro businesses.

Executives

Ye Zi Zhen	Directors, executives
Sun Ai Bin	Director
Ma Xiao Lin	Securities Affairs Representative
Chen Yi Zhong	Supervisors

Digiwin Software Co (SZSE:300378) Headlines

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