China 33 Media Group (HKSE:08087) Days Payable : 548.66 (As of Dec. 2023)

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What is China 33 Media Group Days Payable?

China 33 Media Group's average Accounts Payable for the three months ended in Dec. 2023 was HK$20.84 Mil. China 33 Media Group's Cost of Goods Sold for the three months ended in Dec. 2023 was HK$3.47 Mil. Hence, China 33 Media Group's Days Payable for the three months ended in Dec. 2023 was 548.66.

The historical rank and industry rank for China 33 Media Group's Days Payable or its related term are showing as below:

HKSE:08087' s Days Payable Range Over the Past 10 Years
Min: 56.34 Med: 108.31 Max: 438.99
Current: 408.77

During the past 13 years, China 33 Media Group's highest Days Payable was 438.99. The lowest was 56.34. And the median was 108.31.

HKSE:08087's Days Payable is ranked better than
88.57% of 927 companies
in the Media - Diversified industry
Industry Median: 79.27 vs HKSE:08087: 408.77

China 33 Media Group's Days Payable increased from Dec. 2022 (342.36) to Dec. 2023 (548.66). It may suggest that China 33 Media Group delayed paying its suppliers.

China 33 Media Group Days Payable Historical Data

The historical data trend for China 33 Media Group'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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China 33 Media Group Days Payable Chart

China 33 Media Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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95.47

67.92

56.77

134.32

438.99

China 33 Media Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															342.36	257.58	399.00	745.42	548.66

Competitive Comparison of China 33 Media Group's Days Payable

For the Entertainment subindustry, China 33 Media Group'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.

China 33 Media Group's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, China 33 Media Group's Days Payable distribution charts can be found below:

* The bar in red indicates where China 33 Media Group's Days Payable falls into.

China 33 Media Group 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.

China 33 Media Group'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
=	( (28.668	+	20.84)	/	2 )	/	20.582	*	365
=	24.754					/	20.582	*	365
=	438.99

China 33 Media Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	20.84)	/	1 )	/	3.466	*	365 / 4
=	20.84					/	3.466	*	365 / 4
=	548.66

China 33 Media Group Days Payable Related Terms

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China 33 Media Group (HKSE:08087) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China 33 Media Group Ltd (HKSE:08087) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

20 Jiuxianqiao Road, Unit 410-412, 4th Floor, Chaoyang District, One Indigo, Beijing, CHN

Website

http://www.china33media.com

China 33 Media Group Ltd is engaged in outdoor and digital advertising, film and entertainment investment, prepaid card business as well as printed media advertising. Its segments are printed media advertising; outdoor and digital advertising; film and entertainment investment; and prepaid cards. It derives the majority of the revenue from the outdoor and digital advertising segment that generates income from online advertising through mobile applications and websites, etc. as well as the sale of advertising spaces on the billboards and LEDs installed at certain railway stations, and revenue from promotion campaigns conducted in train stations.

China 33 Media Group (HKSE:08087) Headlines

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