MeiG Smart Technology Co (SZSE:002881) Days Payable : 99.18 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is MeiG Smart Technology Co Days Payable?

MeiG Smart Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥526 Mil. MeiG Smart Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥484 Mil. Hence, MeiG Smart Technology Co's Days Payable for the three months ended in Mar. 2024 was 99.18.

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

SZSE:002881' s Days Payable Range Over the Past 10 Years
Min: 58.21 Med: 97.96 Max: 162.61
Current: 86.87

During the past 11 years, MeiG Smart Technology Co's highest Days Payable was 162.61. The lowest was 58.21. And the median was 97.96.

SZSE:002881's Days Payable is ranked better than
63.79% of 2422 companies
in the Hardware industry
Industry Median: 67.735 vs SZSE:002881: 86.87

MeiG Smart Technology Co's Days Payable increased from Mar. 2023 (97.67) to Mar. 2024 (99.18). It may suggest that MeiG Smart Technology Co delayed paying its suppliers.

MeiG Smart Technology Co Days Payable Historical Data

The historical data trend for MeiG Smart Technology 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.

* Premium members only.

MeiG Smart Technology Co Days Payable Chart

MeiG Smart Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

93.59

81.48

59.45

58.21

85.92

MeiG Smart Technology 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															97.67	73.52	79.76	86.92	99.18

Competitive Comparison of MeiG Smart Technology Co's Days Payable

For the Communication Equipment subindustry, MeiG Smart Technology 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.

MeiG Smart Technology Co's Days Payable Distribution in the Hardware Industry

For the Hardware industry and Technology sector, MeiG Smart Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where MeiG Smart Technology Co's Days Payable falls into.

MeiG Smart Technology 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.

MeiG Smart Technology 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
=	( (331.384	+	485.88)	/	2 )	/	1735.982	*	365
=	408.632					/	1735.982	*	365
=	85.92

MeiG Smart Technology 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
=	( (485.88	+	566.964)	/	2 )	/	484.348	*	365 / 4
=	526.422					/	484.348	*	365 / 4
=	99.18

MeiG Smart Technology Co Days Payable Related Terms

Thank you for viewing the detailed overview of MeiG Smart Technology Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

MeiG Smart Technology Co (SZSE:002881) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Hardware » MeiG Smart Technology Co Ltd (SZSE:002881) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.5 Lingxia Road, Fenghuang Fourth Industrial Zone, Fuyong Street, Baoan District, No.1, 2nd Floor, 3rd Floor, Building A, Building B, Guangdong Province, Shenzhen, CHN, 518103

Website

http://www.meigsmart.com

MeiG Smart Technology Co Ltd is the communications equipment manufacturing company. Its core business is the development and production of IoT smart terminals, wireless communication modules (M2M) and intelligent hardware as well as precision mold development and production and sales of precision components. The company's IoT smart terminals, LTE module products and wireless data solutions applied in the fields of mobile payment, car networking, security, industrial routing, consumer electronics, smart power, smart meter reading, intelligent terminals, and item tracking. application.

MeiG Smart Technology Co (SZSE:002881) Headlines

No Headlines