TSYHF (TravelSky Technology) Days Payable : 217.91 (As of Jun. 2024)

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What is TravelSky Technology Days Payable?

TravelSky Technology's average Accounts Payable for the six months ended in Jun. 2024 was $318 Mil. TravelSky Technology's Cost of Goods Sold for the six months ended in Jun. 2024 was $267 Mil. Hence, TravelSky Technology's Days Payable for the six months ended in Jun. 2024 was 217.91.

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

TSYHF' s Days Payable Range Over the Past 10 Years
Min: 71.44 Med: 173.7 Max: 1411.37
Current: 192.45

During the past 13 years, TravelSky Technology's highest Days Payable was 1411.37. The lowest was 71.44. And the median was 173.70.

TSYHF's Days Payable is ranked better than
82.68% of 2557 companies
in the Software industry
Industry Median: 51.21 vs TSYHF: 192.45

TravelSky Technology's Days Payable declined from Jun. 2023 (227.83) to Jun. 2024 (217.91). It may suggest that TravelSky Technology accelerated paying its suppliers.

TravelSky Technology Days Payable Historical Data

The historical data trend for TravelSky Technology'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.

* Premium members only.

TravelSky Technology Days Payable Chart

TravelSky Technology Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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1,364.48

1,410.10

1,247.24

189.58

TravelSky Technology Semi-Annual Data
	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial															-	227.83	-	217.91	173.98

Competitive Comparison of TravelSky Technology's Days Payable

For the Information Technology Services subindustry, TravelSky Technology'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.

TravelSky Technology's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where TravelSky Technology's Days Payable falls into.

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TravelSky Technology 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.

TravelSky Technology'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
=	( (313.192	+	314.495)	/	2 )	/	91.845	*	365
=	313.8435					/	91.845	*	365
=	1,247.24

TravelSky Technology'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: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (314.495	+	321.92)	/	2 )	/	266.501	*	365 / 2
=	318.2075					/	266.501	*	365 / 2
=	217.91

TravelSky Technology Days Payable Related Terms

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TravelSky Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » TravelSky Technology Ltd (OTCPK:TSYHF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TSYHY:USA 00696:Hong Kong TVL:Germany TVL:Germany

Address

TravelSky High-Tech Industrial Park, Houshayu Town, Shunyi District, Beijing, CHN, 101318

Website

https://www.travelskyir.com

TravelSky Technology Ltd provides information technology solutions for aviation and travel companies in China. The company develops commercial airlines, airports, air travel products, and is a services supplier to travel agencies, corporate clients, travelers, and cargo shippers--to conduct electronic transactions and manage travel-related information. The core businesses of the company include aviation information technology services, distribution of information technology services, and clearing & accounting & settlement services for the aviation industry. Aviation information technology service revenue contributes approximately half the company's total revenue.

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