HeBei MeiBang Engineering and Technology Co (BJSE:832471) Days Payable : 120.03 (As of Mar. 2024)

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What is HeBei MeiBang Engineering and Technology Co Days Payable?

HeBei MeiBang Engineering and Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥127.5 Mil. HeBei MeiBang Engineering and Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥97.0 Mil. Hence, HeBei MeiBang Engineering and Technology Co's Days Payable for the three months ended in Mar. 2024 was 120.03.

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

BJSE:832471' s Days Payable Range Over the Past 10 Years
Min: 61.87 Med: 165.23 Max: 435.33
Current: 95.5

During the past 11 years, HeBei MeiBang Engineering and Technology Co's highest Days Payable was 435.33. The lowest was 61.87. And the median was 165.23.

BJSE:832471's Days Payable is ranked better than
73.55% of 1501 companies
in the Chemicals industry
Industry Median: 60.44 vs BJSE:832471: 95.50

HeBei MeiBang Engineering and Technology Co's Days Payable increased from Mar. 2023 (110.67) to Mar. 2024 (120.03). It may suggest that HeBei MeiBang Engineering and Technology Co delayed paying its suppliers.

HeBei MeiBang Engineering and Technology Co Days Payable Historical Data

The historical data trend for HeBei MeiBang Engineering and 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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HeBei MeiBang Engineering and Technology Co Days Payable Chart

HeBei MeiBang Engineering and Technology Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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406.24

435.33

189.01

141.45

102.82

HeBei MeiBang Engineering and Technology Co Quarterly Data
	Mar18	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															110.67	90.51	84.13	84.59	120.03

Competitive Comparison of HeBei MeiBang Engineering and Technology Co's Days Payable

For the Specialty Chemicals subindustry, HeBei MeiBang Engineering and 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.

HeBei MeiBang Engineering and Technology Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, HeBei MeiBang Engineering and Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where HeBei MeiBang Engineering and Technology Co's Days Payable falls into.

HeBei MeiBang Engineering and 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.

HeBei MeiBang Engineering and Technology Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (126.202	+	97.208)	/	2 )	/	396.53	*	365
=	111.705					/	396.53	*	365
=	102.82

HeBei MeiBang Engineering and 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
=	( (126.3	+	128.766)	/	2 )	/	96.95	*	365 / 4
=	127.533					/	96.95	*	365 / 4
=	120.03

HeBei MeiBang Engineering and Technology Co Days Payable Related Terms

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HeBei MeiBang Engineering and Technology Co (BJSE:832471) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » HeBei MeiBang Engineering and Technology Co Ltd (BJSE:832471) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 312 Huaian East Road, High-tech Zone, Room 0801, Unit 01, Union Headquarters Office Building, Hebei Province, No. 1, Changjiu Center, Shijiazhuang, CHN, 050035

Website

https://www.hbmbet.com

HeBei MeiBang Engineering and Technology Co Ltd engages in research and development, industrialization, and technical services of green manufacturing technology. It offers green technology, equipment, catalyst, and other solutions to customers in the fields of new chemical materials, and biomedicine, including technical solution design, reaction, and separation system integration, technical advisory services, operational technical support, and after-sales service.

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