Shanghai M&G Stationery (SHSE:603899) Days Payable

: 64.59 (As of Dec. 2023)

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Shanghai M&G Stationery's average Accounts Payable for the three months ended in Dec. 2023 was ¥4,474 Mil. Shanghai M&G Stationery's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥6,321 Mil. Hence, Shanghai M&G Stationery's Days Payable for the three months ended in Dec. 2023 was 64.59.

The historical rank and industry rank for Shanghai M&G Stationery's Days Payable or its related term are showing as below:

SHSE:603899' s Days Payable Range Over the Past 10 Years
Min: 36.87 Med: 66.41 Max: 85.27
Current: 77.38

During the past 13 years, Shanghai M&G Stationery's highest Days Payable was 85.27. The lowest was 36.87. And the median was 66.41.

SHSE:603899's Days Payable is ranked better than
50.92% of 2928 companies
in the Industrial Products industry
Industry Median: 76.15 vs SHSE:603899: 77.38

Shanghai M&G Stationery's Days Payable increased from Dec. 2022 (62.57) to Dec. 2023 (64.59). It may suggest that Shanghai M&G Stationery delayed paying its suppliers.

Shanghai M&G Stationery Days Payable Historical Data

The historical data trend for Shanghai M&G Stationery'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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Shanghai M&G Stationery Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

70.53

83.06

73.05

77.06

85.27

Shanghai M&G Stationery Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable																62.57	86.36	79.50	77.28	64.59

Competitive Comparison

For the Business Equipment & Supplies subindustry, Shanghai M&G Stationery'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.

Shanghai M&G Stationery Days Payable Distribution

For the Industrial Products industry and Industrials sector, Shanghai M&G Stationery's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai M&G Stationery's Days Payable falls into.

Shanghai M&G Stationery 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.

Shanghai M&G Stationery'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
=	( (3998.633	+	4854.34)	/	2 )	/	18946.902	*	365
=	4426.4865					/	18946.902	*	365
=	85.27

Shanghai M&G Stationery'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
=	( (4093.185	+	4854.34)	/	2 )	/	6320.678	*	365 / 4
=	4473.7625					/	6320.678	*	365 / 4
=	64.59

Shanghai M&G Stationery Days Payable Related Terms

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Shanghai M&G Stationery (SHSE:603899) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shanghai M&G Stationery Inc (SHSE:603899) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

3469 Jinqian Road, Building 3, Fengxian District, Shanghai, CHN, 201406

Website

https://www.mg-pen.com

Shanghai M&G Stationery Inc is engaged in the production and distribution of stationery products in China. The company operates in four segments Office direct selling business and Traditional core business. The majority of the revenue is generated from the Traditional core business which is engaged in developing, manufacturing, and selling writing instruments, student stationery, office supplies, and other products. Its products include such as ballpoint pens, gel pens, mechanical pencils, highlighters, markers, roller pens, erasable gel pens, Pen refills, and other stationeries. The company provides and manufactures stationery products that include writing instruments, school stationery, office stationery, and other related products. The majority of the revenue is generated in China.

Shanghai M&G Stationery (SHSE:603899) Headlines

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