CVTV (China VTV) Days Payable: 34.09 (As of Aug. 2020)


What is China VTV Days Payable?

China VTV CVTV Days Payable is 34.09 as of Aug. 2020.

China VTV's average Accounts Payable for the three months ended in Aug. 2020 was $0.47 Mil. China VTV's Cost of Goods Sold for the three months ended in Aug. 2020 was $1.26 Mil. Hence, China VTV's Days Payable for the three months ended in Aug. 2020 was 34.09.

The historical rank and industry rank for China VTV's Days Payable or its related term are showing as below:

CVTV's Days Payable is not ranked *
in the Interactive Media industry.
Industry Median: 65.595
* Ranked among companies with meaningful Days Payable only.

China VTV's Days Payable declined from Aug. 2019 (91.25) to Aug. 2020 (34.09). It may suggest that China VTV accelerated paying its suppliers.

China VTV Days Payable Historical Data

* Premium members only.

The historical data trend for China VTV'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.

China VTV Days Payable Chart

China VTV Annual Data
Trend Feb15 Feb16 Feb17 Feb18 Feb19 Feb20
Days Payable
Get a 7-Day Free Trial 0.00 0.00 0.00 0.00 219,730.00

China VTV Quarterly Data
Nov15 Feb16 May16 Aug16 Nov16 Feb17 May17 Aug17 Nov17 Feb18 May18 Aug18 Nov18 Feb19 May19 Aug19 Nov19 Feb20 May20 Aug20
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 91.25 0.00 0.00 35.01 34.09

CVTV vs REBL, CSSE, RLJE: Days Payable Comparison

For the Internet Content & Information subindustry, China VTV'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.

China VTV Days Payable vs Interactive Media Industry

For the Interactive Media industry and Communication Services sector, China VTV's Days Payable distribution charts can be found below:

* The bar in red indicates where China VTV's Days Payable falls into.


China VTV 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.

China VTV's Days Payable for the fiscal year that ended in Feb. 2020 is calculated as

Days Payable (A: Feb. 2020 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Feb. 2019 ) + Accounts Payable (A: Feb. 2020 )) / count ) / Cost of Goods Sold (A: Feb. 2020 )*Days in Period
=( (0 + 0.602) / 1 ) / 0.001*365
=0.602 / 0.001*365
=219,730.00

China VTV's Days Payable for the quarter that ended in Aug. 2020 is calculated as:

Days Payable (Q: Aug. 2020 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: May. 2020 ) + Accounts Payable (Q: Aug. 2020 )) / count ) / Cost of Goods Sold (Q: Aug. 2020 )*Days in Period
=( (0.612 + 0.331) / 2 ) / 1.262*365 / 4
=0.4715 / 1.262*365 / 4
=34.09

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 34.09 mean?
China VTV (CVTV) has a Days Payable of 34.09 as of Aug. 2020. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China VTV and its competitors.
Is China VTV's Days Payable too high?
China VTV's current Days Payable is 34.09. The Interactive Media industry median Days Payable is 65.60. China VTV's value of 34.09 is 48% below this industry median.
How does China VTV's Days Payable compare to REBL and CSSE?
China VTV's Days Payable of 34.09 can be compared against companies in the Interactive Media industry. The industry median Days Payable is 65.60. China VTV's value of 34.09 is 48% below this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for an Interactive Media company?
The median Days Payable among Interactive Media companies is 65.60, based on 428 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China VTV's current Days Payable of 34.09 is 48% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China VTV and its competitors. For the Interactive Media industry, the median Days Payable is 65.60 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China VTV's current Days Payable is 34.09. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China VTV stock overvalued right now?
China VTV (CVTV) has a current Days Payable of 34.09. The current Days Payable is 34.09 and 48% below the Interactive Media industry median of 65.60. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For China VTV (CVTV), the current Days Payable is 34.09 as of Aug. 2020. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

China VTV Business Description

Address 315-321 Lockhart Road, 23 Floor, Flat C, Wan Chai, Hong Kong, HKG, 999077
China VTV Ltd is an early stage internet-based online entertainment media company that focuses on audience interaction, entertainment, and business opportunities. It has established a Blockchain cloud-based platform that distributes news, videos, television shows, travel programs, and other entertainment programs via the internet to the end devices, such as computers, smart TVs, smartphones, and tablets. The company generates revenue from the sales of copyrights, original stories, and finished products, licensing literal copyrights, and advertising services.