Mei Ah Entertainment Group (HKSE:00391) Days Payable : 32.57 (As of Mar. 2024)

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What is Mei Ah Entertainment Group Days Payable?

Mei Ah Entertainment Group's average Accounts Payable for the six months ended in Mar. 2024 was HK$7.3 Mil. Mei Ah Entertainment Group's Cost of Goods Sold for the six months ended in Mar. 2024 was HK$41.0 Mil. Hence, Mei Ah Entertainment Group's Days Payable for the six months ended in Mar. 2024 was 32.57.

The historical rank and industry rank for Mei Ah Entertainment Group's Days Payable or its related term are showing as below:

HKSE:00391' s Days Payable Range Over the Past 10 Years
Min: 9.1 Med: 35.07 Max: 76.6
Current: 23.05

During the past 13 years, Mei Ah Entertainment Group's highest Days Payable was 76.60. The lowest was 9.10. And the median was 35.07.

HKSE:00391's Days Payable is ranked worse than
85.48% of 930 companies
in the Media - Diversified industry
Industry Median: 83.56 vs HKSE:00391: 23.05

Mei Ah Entertainment Group's Days Payable declined from Mar. 2023 (137.51) to Mar. 2024 (32.57). It may suggest that Mei Ah Entertainment Group accelerated paying its suppliers.

Mei Ah Entertainment Group Days Payable Historical Data

The historical data trend for Mei Ah Entertainment Group'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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Mei Ah Entertainment Group Days Payable Chart

Mei Ah Entertainment Group Annual Data

Trend

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Mar24

Days Payable

Get a 7-Day Free Trial

45.66

52.31

76.60

46.34

44.30

Mei Ah Entertainment Group Semi-Annual Data
	Mar15	Sep15	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial															881.25	137.51	61.23	32.57	18.83

Competitive Comparison of Mei Ah Entertainment Group's Days Payable

For the Entertainment subindustry, Mei Ah Entertainment Group'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.

Mei Ah Entertainment Group's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mei Ah Entertainment Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Mei Ah Entertainment Group's Days Payable falls into.

Mei Ah Entertainment Group 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.

Mei Ah Entertainment Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (6.892	+	7.974)	/	2 )	/	61.237	*	365
=	7.433					/	61.237	*	365
=	44.30

Mei Ah Entertainment Group'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: Sep. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (6.669	+	7.974)	/	2 )	/	41.026	*	365 / 2
=	7.3215					/	41.026	*	365 / 2
=	32.57

Mei Ah Entertainment Group Days Payable Related Terms

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Mei Ah Entertainment Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mei Ah Entertainment Group Ltd (HKSE:00391) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

28 Chun Choi Street, 5th Floor, Mei Ah Centre, Kowloon, Tseung Kwan O Industrial Estate, Hong Kong, HKG

Website

https://www.meiah.com

Mei Ah Entertainment Group Ltd is an investment holding company. The company's operating segment includes Channel operations; Film exhibition and film rights licensing and sub-licensing; Cinema operations; Concert performance and events organisation; and Subcontracting service income. The company generates maximum revenue from the Channel operations segment. The company also generates other income from Rental income from investment properties; and Management fee income.

Executives

Li Kuo Hsing	2101 Beneficial owner
Li Guo Lin	2201 Interest of corporation controlled by you

Mei Ah Entertainment Group Headlines

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