Mingguang Haomiao Security Protection Technology Co (BJSE:831856) Days Payable : 59.17 (As of Sep. 2024)

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What is Mingguang Haomiao Security Protection Technology Co Days Payable?

Mingguang Haomiao Security Protection Technology Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥72.4 Mil. Mingguang Haomiao Security Protection Technology Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥111.6 Mil. Hence, Mingguang Haomiao Security Protection Technology Co's Days Payable for the three months ended in Sep. 2024 was 59.17.

The historical rank and industry rank for Mingguang Haomiao Security Protection Technology Co's Days Payable or its related term are showing as below:

BJSE:831856' s Days Payable Range Over the Past 10 Years
Min: 67.88 Med: 82.88 Max: 208.86
Current: 75.09

During the past 12 years, Mingguang Haomiao Security Protection Technology Co's highest Days Payable was 208.86. The lowest was 67.88. And the median was 82.88.

BJSE:831856's Days Payable is ranked better than
54.15% of 205 companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 67.99 vs BJSE:831856: 75.09

Mingguang Haomiao Security Protection Technology Co's Days Payable declined from Sep. 2023 (80.78) to Sep. 2024 (59.17). It may suggest that Mingguang Haomiao Security Protection Technology Co accelerated paying its suppliers.

Mingguang Haomiao Security Protection Technology Co Days Payable Historical Data

The historical data trend for Mingguang Haomiao Security Protection 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.

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Mingguang Haomiao Security Protection Technology Co Days Payable Chart

Mingguang Haomiao Security Protection Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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67.88

78.28

68.99

80.63

68.89

Mingguang Haomiao Security Protection Technology Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															80.78	44.65	236.60	90.01	59.17

Competitive Comparison of Mingguang Haomiao Security Protection Technology Co's Days Payable

For the Farm & Heavy Construction Machinery subindustry, Mingguang Haomiao Security Protection 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.

Mingguang Haomiao Security Protection Technology Co's Days Payable Distribution in the Farm & Heavy Construction Machinery Industry

For the Farm & Heavy Construction Machinery industry and Industrials sector, Mingguang Haomiao Security Protection Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Mingguang Haomiao Security Protection Technology Co's Days Payable falls into.

Mingguang Haomiao Security Protection 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.

Mingguang Haomiao Security Protection 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
=	( (90.156	+	62.749)	/	2 )	/	405.056	*	365
=	76.4525					/	405.056	*	365
=	68.89

Mingguang Haomiao Security Protection Technology Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (61.043	+	83.725)	/	2 )	/	111.623	*	365 / 4
=	72.384					/	111.623	*	365 / 4
=	59.17

Mingguang Haomiao Security Protection Technology Co Days Payable Related Terms

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Mingguang Haomiao Security Protection Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Farm & Heavy Construction Machinery » Mingguang Haomiao Security Protection Technology Co Ltd (BJSE:831856) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 151 Tiyu Road, Anhui Province, Mingguang, CHN, 239400

Website

https://www.hmvehicle.com

Mingguang Haomiao Security Protection Technology Co Ltd is mainly engaged in the research and development, production, sales and service of various fire trucks, police special vehicles and fire simulation training equipment. The company is committed to providing fire-fighting, elevating, security, and special-purpose fire trucks for the national comprehensive fire rescue team, the government's full-time firefighting team, and the full-time firefighting teams of petroleum, chemical, port, dock, energy and other enterprises, fire simulation training equipment, police equipment, fire pumps and other emergency rescue and firefighting equipment.

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