Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Days Payable : 1,139.67 (As of Jun. 2009)

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What is Changming Industrial Management Group Holding Days Payable?

Changming Industrial Management Group Holding's average Accounts Payable for the three months ended in Jun. 2009 was $0.60 Mil. Changming Industrial Management Group Holding's Cost of Goods Sold for the three months ended in Jun. 2009 was $0.05 Mil. Hence, Changming Industrial Management Group Holding's Days Payable for the three months ended in Jun. 2009 was 1,139.67.

The historical rank and industry rank for Changming Industrial Management Group Holding's Days Payable or its related term are showing as below:

CMIM's Days Payable is not ranked ^*
in the Metals & Mining industry.
Industry Median: 136.2
* Ranked among companies with meaningful Days Payable only.

Changming Industrial Management Group Holding's Days Payable increased from May. 2008 (0.00) to Jun. 2009 (1,139.67). It may suggest that Changming Industrial Management Group Holding delayed paying its suppliers.

Changming Industrial Management Group Holding Days Payable Historical Data

The historical data trend for Changming Industrial Management Group Holding'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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Changming Industrial Management Group Holding Days Payable Chart

Changming Industrial Management Group Holding Annual Data

Trend

May07

May08

Days Payable

Changming Industrial Management Group Holding Quarterly Data
	Nov06	Feb07	May07	Aug07	Nov07	Feb08	May08	Sep08	Dec08	Mar09	Jun09
Days Payable	Get a 7-Day Free Trial						-	-	1,268.60	2,550.65	1,139.67

Competitive Comparison of Changming Industrial Management Group Holding's Days Payable

For the Other Industrial Metals & Mining subindustry, Changming Industrial Management Group Holding'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.

Changming Industrial Management Group Holding's Days Payable Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Changming Industrial Management Group Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where Changming Industrial Management Group Holding's Days Payable falls into.

Changming Industrial Management Group Holding 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.

Changming Industrial Management Group Holding's Days Payable for the fiscal year that ended in May. 2008 is calculated as

	Days Payable (A: May. 2008 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: May. 2007 )	+	Accounts Payable (A: May. 2008 ))	/	count )	/	Cost of Goods Sold (A: May. 2008 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	0	*	365
=	0					/	0	*	365
=	N/A

Changming Industrial Management Group Holding's Days Payable for the quarter that ended in Jun. 2009 is calculated as:

	Days Payable (Q: Jun. 2009 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2009 )	+	Accounts Payable (Q: Jun. 2009 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2009 )	*	Days in Period
=	( (0.605	+	0.594)	/	2 )	/	0.048	*	365 / 4
=	0.5995					/	0.048	*	365 / 4
=	1,139.67

Changming Industrial Management Group Holding Days Payable Related Terms

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Changming Industrial Management Group Holding (Changming Industrial Management Group Holding) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Changming Industrial Management Group Holding Inc (OTCPK:CMIM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Room 904, Tung Wai Commercial Building, Wan Chai, Hong Kong, HKG

Website

http://www.sxcmky.com

Changming Industrial Management Group Holding Inc is engaged in the processing and sales of mineral products as well as vanadium mining. Its product series include Product Series Vanadium ore, crystal, pentoxide, alloy, iron, and titanium alloy.

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