Qingdao Citymedia Co (SHSE:600229) Days Payable : 152.77 (As of Mar. 2024)

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What is Qingdao Citymedia Co Days Payable?

Qingdao Citymedia Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥729 Mil. Qingdao Citymedia Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥435 Mil. Hence, Qingdao Citymedia Co's Days Payable for the three months ended in Mar. 2024 was 152.77.

The historical rank and industry rank for Qingdao Citymedia Co's Days Payable or its related term are showing as below:

SHSE:600229' s Days Payable Range Over the Past 10 Years
Min: 135.66 Med: 164.74 Max: 218.99
Current: 136.87

During the past 13 years, Qingdao Citymedia Co's highest Days Payable was 218.99. The lowest was 135.66. And the median was 164.74.

SHSE:600229's Days Payable is ranked better than
67.28% of 923 companies
in the Media - Diversified industry
Industry Median: 79.7 vs SHSE:600229: 136.87

Qingdao Citymedia Co's Days Payable declined from Mar. 2023 (157.88) to Mar. 2024 (152.77). It may suggest that Qingdao Citymedia Co accelerated paying its suppliers.

Qingdao Citymedia Co Days Payable Historical Data

The historical data trend for Qingdao Citymedia Co'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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Qingdao Citymedia Co Days Payable Chart

Qingdao Citymedia Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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172.95

178.76

146.78

135.66

136.60

Qingdao Citymedia Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															157.88	125.49	151.51	118.48	152.77

Competitive Comparison of Qingdao Citymedia Co's Days Payable

For the Publishing subindustry, Qingdao Citymedia Co'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.

Qingdao Citymedia Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Qingdao Citymedia Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Qingdao Citymedia Co's Days Payable falls into.

Qingdao Citymedia Co 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.

Qingdao Citymedia Co'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
=	( (679.897	+	720.119)	/	2 )	/	1870.399	*	365
=	700.008					/	1870.399	*	365
=	136.60

Qingdao Citymedia Co'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
=	( (720.119	+	737.175)	/	2 )	/	435.214	*	365 / 4
=	728.647					/	435.214	*	365 / 4
=	152.77

Qingdao Citymedia Co Days Payable Related Terms

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Qingdao Citymedia Co (SHSE:600229) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Qingdao Citymedia Co Ltd (SHSE:600229) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.182 Haier Road, Publishing Building, Qingdao, Shandong, CHN

Website

http://www.citymedia.cn

Qingdao Citymedia Co Ltd is engaged in the publishing business. It publishes books, periodicals, electronic audio, and video. Further, it is also involved in the development and operation of emerging media. Geographically the activities are carried out through China.

Executives

Li Feng Kun	Director
Tian Li Yu	Supervisors
Zhang Tian Long	Director

Qingdao Citymedia Co (SHSE:600229) Headlines

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