Infoline Tec Group Bhd (XKLS:0253) Days Payable : 29.69 (As of Mar. 2024)

View and export this data going back to 2022. Start your Free Trial

What is Infoline Tec Group Bhd Days Payable?

Infoline Tec Group Bhd's average Accounts Payable for the three months ended in Mar. 2024 was RM5.30 Mil. Infoline Tec Group Bhd's Cost of Goods Sold for the three months ended in Mar. 2024 was RM16.29 Mil. Hence, Infoline Tec Group Bhd's Days Payable for the three months ended in Mar. 2024 was 29.69.

The historical rank and industry rank for Infoline Tec Group Bhd's Days Payable or its related term are showing as below:

XKLS:0253' s Days Payable Range Over the Past 10 Years
Min: 29.29 Med: 55.75 Max: 79.83
Current: 43.67

During the past 6 years, Infoline Tec Group Bhd's highest Days Payable was 79.83. The lowest was 29.29. And the median was 55.75.

XKLS:0253's Days Payable is ranked worse than
54.51% of 2526 companies
in the Software industry
Industry Median: 49.695 vs XKLS:0253: 43.67

Infoline Tec Group Bhd's Days Payable declined from Mar. 2023 (34.53) to Mar. 2024 (29.69). It may suggest that Infoline Tec Group Bhd accelerated paying its suppliers.

Infoline Tec Group Bhd Days Payable Historical Data

The historical data trend for Infoline Tec Group Bhd'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.

Infoline Tec Group Bhd Days Payable Chart

Infoline Tec Group Bhd Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

67.34

79.83

78.08

29.29

33.11

Infoline Tec Group Bhd Quarterly Data
	Dec18	Dec19	Dec20	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								34.53	53.48	76.89	38.32	29.69

Competitive Comparison of Infoline Tec Group Bhd's Days Payable

For the Software - Infrastructure subindustry, Infoline Tec Group Bhd'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.

Infoline Tec Group Bhd's Days Payable Distribution in the Software Industry

For the Software industry and Technology sector, Infoline Tec Group Bhd's Days Payable distribution charts can be found below:

* The bar in red indicates where Infoline Tec Group Bhd's Days Payable falls into.

Infoline Tec Group Bhd 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.

Infoline Tec Group Bhd'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
=	( (1.957	+	4.246)	/	2 )	/	34.19	*	365
=	3.1015					/	34.19	*	365
=	33.11

Infoline Tec Group Bhd'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
=	( (4.246	+	6.357)	/	2 )	/	16.294	*	365 / 4
=	5.3015					/	16.294	*	365 / 4
=	29.69

Infoline Tec Group Bhd Days Payable Related Terms

Thank you for viewing the detailed overview of Infoline Tec Group Bhd's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Infoline Tec Group Bhd (XKLS:0253) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Infoline Tec Group Bhd (XKLS:0253) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 53-3, Jalan PJU 5/20E, Kota Damansara, Pusat Perdagangan, Petaling Jaya, SGR, MYS, 47810

Website

https://www.infolinetec.com

Infoline Tec Group Bhd is engaged in the business of investment holding. The Group is organized into four reportable segments as follows: IT infrastructure solutions; Cybersecurity solutions; Managed IT services and other IT services and Trading of ancillary hardware and software. The geographical regions include Hong Kong, Thailand, Singapore, Taiwan, South Korea, Indonesia, the Philippines, India and New Zealand.

Infoline Tec Group Bhd (XKLS:0253) Headlines

No Headlines