WCT (Wellchange Holdings Co) Days Payable : 65.56 (As of Jun. 2024)

View and export this data going back to 2024. Start your Free Trial

What is Wellchange Holdings Co Days Payable?

Wellchange Holdings Co's average Accounts Payable for the six months ended in Jun. 2024 was $0.07 Mil. Wellchange Holdings Co's Cost of Goods Sold for the six months ended in Jun. 2024 was $0.21 Mil. Hence, Wellchange Holdings Co's Days Payable for the six months ended in Jun. 2024 was 65.56.

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

WCT' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 55.58
Current: 55.58

During the past 3 years, Wellchange Holdings Co's highest Days Payable was 55.58. The lowest was 0.00. And the median was 0.00.

WCT's Days Payable is ranked better than
53.19% of 2523 companies
in the Software industry
Industry Median: 50.93 vs WCT: 55.58

Wellchange Holdings Co's Days Payable increased from Jun. 2023 (0.00) to Jun. 2024 (65.56). It may suggest that Wellchange Holdings Co delayed paying its suppliers.

Wellchange Holdings Co Days Payable Historical Data

The historical data trend for Wellchange Holdings 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.

* Premium members only.

Wellchange Holdings Co Days Payable Chart

Wellchange Holdings Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

Wellchange Holdings Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24
Days Payable	Get a 7-Day Free Trial			-	-	-	-	65.56

Competitive Comparison of Wellchange Holdings Co's Days Payable

For the Software - Application subindustry, Wellchange Holdings 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.

Wellchange Holdings Co's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where Wellchange Holdings Co's Days Payable falls into.

Save Embed

;

Save Embed

;

Wellchange Holdings 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.

Wellchange Holdings 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
=	( (0	+	0)	/	1 )	/	0.548	*	365
=	0					/	0.548	*	365
=	0.00

Wellchange Holdings Co'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
=	( (0	+	0.074)	/	1 )	/	0.206	*	365 / 2
=	0.074					/	0.206	*	365 / 2
=	65.56

Wellchange Holdings Co Days Payable Related Terms

Thank you for viewing the detailed overview of Wellchange Holdings Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Wellchange Holdings Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Wellchange Holdings Co Ltd (NAS:WCT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

10 Cheung Yue Street, Unit E, 11/F, Billion Plaza II, Cheung Sha Wan, Kowloon, Hong Kong, HKG

Website

https://www.wchingtech.com

Wellchange Holdings Co Ltd is an enterprise software solution services provider. It provides software solutions, cloud-based software-as-a-service (SaaS) platforms, and white-label software design and development services.