ICT Zone Asia Bhd (XKLS:03038) Days Payable : 120.95 (As of Jan. 2024)

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What is ICT Zone Asia Bhd Days Payable?

ICT Zone Asia Bhd's average Accounts Payable for the six months ended in Jan. 2024 was RM28.7 Mil. ICT Zone Asia Bhd's Cost of Goods Sold for the six months ended in Jan. 2024 was RM43.3 Mil. Hence, ICT Zone Asia Bhd's Days Payable for the six months ended in Jan. 2024 was 120.95.

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

XKLS:03038' s Days Payable Range Over the Past 10 Years
Min: 51.09 Med: 94.86 Max: 168.38
Current: 87.75

During the past 6 years, ICT Zone Asia Bhd's highest Days Payable was 168.38. The lowest was 51.09. And the median was 94.86.

XKLS:03038's Days Payable is ranked better than
65.57% of 2524 companies
in the Software industry
Industry Median: 49.615 vs XKLS:03038: 87.75

ICT Zone Asia Bhd's Days Payable increased from Jan. 2023 (64.78) to Jan. 2024 (120.95). It may suggest that ICT Zone Asia Bhd delayed paying its suppliers.

ICT Zone Asia Bhd Days Payable Historical Data

The historical data trend for ICT Zone Asia 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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ICT Zone Asia Bhd Days Payable Chart

ICT Zone Asia Bhd Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Days Payable

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168.38

160.84

69.06

54.02

51.09

ICT Zone Asia Bhd Semi-Annual Data
	Jan19	Jul19	Jan20	Jul20	Jan21	Jul21	Jan22	Jul22	Jan23	Jul23	Jan24
Days Payable	Get a 7-Day Free Trial						28.74	72.07	64.78	93.25	120.95

Competitive Comparison of ICT Zone Asia Bhd's Days Payable

For the Information Technology Services subindustry, ICT Zone Asia 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.

ICT Zone Asia Bhd's Days Payable Distribution in the Software Industry

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

* The bar in red indicates where ICT Zone Asia Bhd's Days Payable falls into.

ICT Zone Asia 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.

ICT Zone Asia Bhd's Days Payable for the fiscal year that ended in Jan. 2024 is calculated as

	Days Payable (A: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jan. 2023 )	+	Accounts Payable (A: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jan. 2024 )	*	Days in Period
=	( (10.039	+	16.143)	/	2 )	/	93.527	*	365
=	13.091					/	93.527	*	365
=	51.09

ICT Zone Asia Bhd's Days Payable for the quarter that ended in Jan. 2024 is calculated as:

	Days Payable (Q: Jan. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jul. 2023 )	+	Accounts Payable (Q: Jan. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jan. 2024 )	*	Days in Period
=	( (41.272	+	16.143)	/	2 )	/	43.317	*	365 / 2
=	28.7075					/	43.317	*	365 / 2
=	120.95

ICT Zone Asia Bhd Days Payable Related Terms

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ICT Zone Asia Bhd (XKLS:03038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » ICT Zone Asia Bhd (XKLS:03038) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

03038P.PFD:Malaysia

Address

Jalan Ampang Putra, Ground Floor, Block H, Excella Business Park, Wilayah Persekutuan, Ampang, Kuala Lumpur, SGR, MYS, 55100

Website

https://www.ictzone.asia

ICT Zone Asia Bhd is an investment holding company. It operates in the following segments: Leasing, which involves the operating lease of ICT hardware and software without services as well as disposal of assets returned at the end of the operating lease; Trading includes outright sales of ICT hardware and software; Service segment includes the provision of ICT services that comprise of corrective and preventative maintenance; Rental segment includes rental of ICT hardware and software inclusive of corrective and preventative maintenance; and Cloud solution and service.

ICT Zone Asia Bhd (XKLS:03038) Headlines

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