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UBXG (U-BX Technology) Days Payable : 9.81 (As of Jun. 2024)


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What is U-BX Technology Days Payable?

U-BX Technology's average Accounts Payable for the six months ended in Jun. 2024 was $1.19 Mil. U-BX Technology's Cost of Goods Sold for the six months ended in Jun. 2024 was $22.20 Mil. Hence, U-BX Technology's Days Payable for the six months ended in Jun. 2024 was 9.81.

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

UBXG' s Days Payable Range Over the Past 10 Years
Min: 0.01   Med: 4.25   Max: 7.11
Current: 7.08

During the past 5 years, U-BX Technology's highest Days Payable was 7.11. The lowest was 0.01. And the median was 4.25.

UBXG's Days Payable is ranked worse than
94.67% of 2514 companies
in the Software industry
Industry Median: 50.4 vs UBXG: 7.08

U-BX Technology's Days Payable increased from Jun. 2023 (2.81) to Jun. 2024 (9.81). It may suggest that U-BX Technology delayed paying its suppliers.

U-BX Technology Days Payable Historical Data

The historical data trend for U-BX 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.

U-BX Technology Days Payable Chart

U-BX Technology Annual Data
Trend Jun20 Jun21 Jun22 Jun23 Jun24
Days Payable
0.01 4.25 7.11 2.26 4.63

U-BX Technology Semi-Annual Data
Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24
Days Payable Get a 7-Day Free Trial Premium Member Only 39.62 - 2.81 7.13 9.81

Competitive Comparison of U-BX Technology's Days Payable

For the Software - Infrastructure subindustry, U-BX 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.

U-BX Technology's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where U-BX Technology's Days Payable falls into.


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U-BX 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.

U-BX Technology's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

Days Payable (A: Jun. 2024 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Jun. 2023 ) + Accounts Payable (A: Jun. 2024 )) / count ) / Cost of Goods Sold (A: Jun. 2024 )*Days in Period
=( (0.574 + 0.718) / 2 ) / 50.906*365
=0.646 / 50.906*365
=4.63

U-BX 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
=( (1.669 + 0.718) / 2 ) / 22.201*365 / 2
=1.1935 / 22.201*365 / 2
=9.81

* 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.

U-BX Technology Days Payable Related Terms

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U-BX Technology Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Software » U-BX Technology Ltd (NAS:UBXG) » Definitions » Days Payable
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Traded in Other Exchanges
N/A
Address
No. 1 Linkong Er Road, Zhongguan Science and Technology Park, Shunyi District, Beijing, CHN
Website
https://www.u-bx.com
U-BX Technology Ltd is focused on providing value-added services using artificial intelligence-driven technology to businesses within the insurance industry, including insurance carriers and brokers. It helps institutional clients obtain visibility on various social media platforms and generate revenue based on consumers' clicks, views, or its clients' promotion time through those channels. The company derives a majority of its revenue by providing digital promotion services to its clients and also engages in providing risk assessment services, and value-added bundled benefits. It has developed an algorithm named Magic Mirror, to calculate payout risks for insurance carriers to underwrite auto insurance coverage. Geographically, all of the company's revenue is derived from Mainland China.