Glory View Technology Co (SZSE:301396) Days Payable : 1,116.54 (As of Mar. 2024)

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What is Glory View Technology Co Days Payable?

Glory View Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥417.2 Mil. Glory View Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥34.1 Mil. Hence, Glory View Technology Co's Days Payable for the three months ended in Mar. 2024 was 1,116.54.

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

SZSE:301396' s Days Payable Range Over the Past 10 Years
Min: 142.46 Med: 171.67 Max: 252.37
Current: 199.84

During the past 6 years, Glory View Technology Co's highest Days Payable was 252.37. The lowest was 142.46. And the median was 171.67.

SZSE:301396's Days Payable is ranked better than
83.93% of 2526 companies
in the Software industry
Industry Median: 49.695 vs SZSE:301396: 199.84

Glory View Technology Co's Days Payable increased from Mar. 2023 (481.90) to Mar. 2024 (1,116.54). It may suggest that Glory View Technology Co delayed paying its suppliers.

Glory View Technology Co Days Payable Historical Data

The historical data trend for Glory View 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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Glory View Technology Co Days Payable Chart

Glory View Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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171.67

163.17

197.15

252.37

Glory View Technology Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial										481.90	139.74	208.02	126.00	1,116.54

Competitive Comparison of Glory View Technology Co's Days Payable

For the Software - Application subindustry, Glory View 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.

Glory View Technology Co's Days Payable Distribution in the Software Industry

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

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

Glory View 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.

Glory View 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
=	( (324.381	+	487.723)	/	2 )	/	587.271	*	365
=	406.052					/	587.271	*	365
=	252.37

Glory View 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
=	( (487.723	+	346.651)	/	2 )	/	34.095	*	365 / 4
=	417.187					/	34.095	*	365 / 4
=	1,116.54

Glory View Technology Co Days Payable Related Terms

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Glory View Technology Co (SZSE:301396) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Glory View Technology Co Ltd (SZSE:301396) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 162, Science Avenue, Units 701 and 702, 7th Floor, District B2, Guangzhou High-tech Industrial Development Zone, Guangdong Province, Guangzhou, CHN, 510663

Website

http://www.gloryview.com

Glory View Technology Co Ltd is engaged in providing smart city solutions including smart medical care, smart education, smart community, smart buildings, smart government affairs, and smart parks in the three major areas of smart people's livelihood, urban comprehensive management, and smart parks.

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