Qian Yuan Baixing (Qian Yuan Baixing) Days Payable : 48.52 (As of Sep. 2011)

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What is Qian Yuan Baixing Days Payable?

Qian Yuan Baixing's average Accounts Payable for the three months ended in Sep. 2011 was $1.23 Mil. Qian Yuan Baixing's Cost of Goods Sold for the three months ended in Sep. 2011 was $2.32 Mil. Hence, Qian Yuan Baixing's Days Payable for the three months ended in Sep. 2011 was 48.52.

The historical rank and industry rank for Qian Yuan Baixing's Days Payable or its related term are showing as below:

QYBX's Days Payable is not ranked ^*
in the Diversified Financial Services industry.
Industry Median: 89.15
* Ranked among companies with meaningful Days Payable only.

Qian Yuan Baixing's Days Payable increased from Sep. 2010 (47.05) to Sep. 2011 (48.52). It may suggest that Qian Yuan Baixing delayed paying its suppliers.

Qian Yuan Baixing Days Payable Historical Data

The historical data trend for Qian Yuan Baixing'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.

Qian Yuan Baixing Days Payable Chart

Qian Yuan Baixing Annual Data

Trend

Aug06

Aug07

Dec08

Dec09

Dec10

Days Payable

30.66

56.73

45.52

Qian Yuan Baixing Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11
Days Payable	Get a 7-Day Free Trial															47.05	39.64	40.06	52.12	48.52

Competitive Comparison of Qian Yuan Baixing's Days Payable

For the Shell Companies subindustry, Qian Yuan Baixing'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.

Qian Yuan Baixing's Days Payable Distribution in the Diversified Financial Services Industry

For the Diversified Financial Services industry and Financial Services sector, Qian Yuan Baixing's Days Payable distribution charts can be found below:

* The bar in red indicates where Qian Yuan Baixing's Days Payable falls into.

Qian Yuan Baixing 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.

Qian Yuan Baixing's Days Payable for the fiscal year that ended in Dec. 2010 is calculated as

	Days Payable (A: Dec. 2010 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2009 )	+	Accounts Payable (A: Dec. 2010 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2010 )	*	Days in Period
=	( (1.247	+	1.571)	/	2 )	/	11.298	*	365
=	1.409					/	11.298	*	365
=	45.52

Qian Yuan Baixing's Days Payable for the quarter that ended in Sep. 2011 is calculated as:

	Days Payable (Q: Sep. 2011 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2011 )	+	Accounts Payable (Q: Sep. 2011 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2011 )	*	Days in Period
=	( (1.301	+	1.165)	/	2 )	/	2.319	*	365 / 4
=	1.233					/	2.319	*	365 / 4
=	48.52

Qian Yuan Baixing Days Payable Related Terms

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Qian Yuan Baixing (Qian Yuan Baixing) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Qian Yuan Baixing Inc (OTCPK:QYBX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

601 Union Street, Suite 4200, Seattle, WA, USA, 98101

Website

http://www.mdcorp.com

Qian Yuan Baixing Inc is a shell Company.

Qian Yuan Baixing (Qian Yuan Baixing) Headlines

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