Cloudpoint Technology Bhd (XKLS:0277) Days Payable : 67.22 (As of Sep. 2023)

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What is Cloudpoint Technology Bhd Days Payable?

Cloudpoint Technology Bhd's average Accounts Payable for the three months ended in Sep. 2023 was RM9.6 Mil. Cloudpoint Technology Bhd's Cost of Goods Sold for the three months ended in Sep. 2023 was RM13.1 Mil. Hence, Cloudpoint Technology Bhd's Days Payable for the three months ended in Sep. 2023 was 67.22.

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

XKLS:0277' s Days Payable Range Over the Past 10 Years
Min: 33.4 Med: 47.92 Max: 64.12
Current: 49.13

During the past 4 years, Cloudpoint Technology Bhd's highest Days Payable was 64.12. The lowest was 33.40. And the median was 47.92.

XKLS:0277's Days Payable is ranked worse than
50.71% of 2526 companies
in the Software industry
Industry Median: 50.42 vs XKLS:0277: 49.13

Cloudpoint Technology Bhd's Days Payable increased from Jun. 2022 (51.35) to Sep. 2023 (67.22). It may suggest that Cloudpoint Technology Bhd delayed paying its suppliers.

Cloudpoint Technology Bhd Days Payable Historical Data

The historical data trend for Cloudpoint Technology 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.

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Cloudpoint Technology Bhd Days Payable Chart

Cloudpoint Technology Bhd Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Days Payable

33.40

38.23

64.12

57.60

Cloudpoint Technology Bhd Quarterly Data
	Dec19	Dec20	Dec21	Jun22	Sep22	Dec22	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial			51.35	-	31.71	38.12	67.22

Competitive Comparison of Cloudpoint Technology Bhd's Days Payable

For the Information Technology Services subindustry, Cloudpoint Technology 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.

Cloudpoint Technology Bhd's Days Payable Distribution in the Software Industry

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

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

Cloudpoint Technology 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.

Cloudpoint Technology Bhd's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (10.412	+	10.383)	/	2 )	/	65.884	*	365
=	10.3975					/	65.884	*	365
=	57.60

Cloudpoint Technology Bhd's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (15.117	+	4.18)	/	2 )	/	13.098	*	365 / 4
=	9.6485					/	13.098	*	365 / 4
=	67.22

Cloudpoint Technology Bhd Days Payable Related Terms

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Cloudpoint Technology Bhd (XKLS:0277) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Cloudpoint Technology Bhd (XKLS:0277) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 2, Jalan Solaris, Unit J-6-13, Block J, Solaris Mont Kiara, Mont Kiara, Kuala Lumpur, SGR, MYS, 50480

Website

https://www.cloudpoint-technology.com

Cloudpoint Technology Bhd is principally an investment holding company. Through Its subsidiary, CSSB, it is principally engaged in the provision of IT solutions comprising enterprise and data centre networking, cybersecurity solutions, professional IT services as well as cloud services and software applications. The company implements solutions and provides Its services mainly to large enterprises, particularly companies in the financial services, insurance, telecommunications industries, and other technology service providers in Malaysia. It also provides our solutions to multinational companies to cater to their operations based in Malaysia.

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