Mediwelcome Healthcare Management & Technology (HKSE:02159) Days Payable : 45.15 (As of Jun. 2024)

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What is Mediwelcome Healthcare Management & Technology Days Payable?

Mediwelcome Healthcare Management & Technology's average Accounts Payable for the six months ended in Jun. 2024 was HK$32.0 Mil. Mediwelcome Healthcare Management & Technology's Cost of Goods Sold for the six months ended in Jun. 2024 was HK$129.2 Mil. Hence, Mediwelcome Healthcare Management & Technology's Days Payable for the six months ended in Jun. 2024 was 45.15.

The historical rank and industry rank for Mediwelcome Healthcare Management & Technology's Days Payable or its related term are showing as below:

HKSE:02159' s Days Payable Range Over the Past 10 Years
Min: 15.65 Med: 23.9 Max: 43.67
Current: 43.67

During the past 8 years, Mediwelcome Healthcare Management & Technology's highest Days Payable was 43.67. The lowest was 15.65. And the median was 23.90.

HKSE:02159's Days Payable is ranked worse than
62.91% of 604 companies
in the Healthcare Providers & Services industry
Industry Median: 58.405 vs HKSE:02159: 43.67

Mediwelcome Healthcare Management & Technology's Days Payable increased from Jun. 2023 (42.49) to Jun. 2024 (45.15). It may suggest that Mediwelcome Healthcare Management & Technology delayed paying its suppliers.

Mediwelcome Healthcare Management & Technology Days Payable Historical Data

The historical data trend for Mediwelcome Healthcare Management & Technology'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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Mediwelcome Healthcare Management & Technology Days Payable Chart

Mediwelcome Healthcare Management & Technology Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

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28.16

15.65

40.21

40.59

47.68

Mediwelcome Healthcare Management & Technology Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23	Jun24	Dec24
Days Payable	Get a 7-Day Free Trial									46.66	42.49	30.09	45.15	39.01

Competitive Comparison of Mediwelcome Healthcare Management & Technology's Days Payable

For the Health Information Services subindustry, Mediwelcome Healthcare Management & Technology'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.

Mediwelcome Healthcare Management & Technology's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Mediwelcome Healthcare Management & Technology's Days Payable distribution charts can be found below:

* The bar in red indicates where Mediwelcome Healthcare Management & Technology's Days Payable falls into.

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Mediwelcome Healthcare Management & Technology 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.

Mediwelcome Healthcare Management & Technology'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
=	( (37.992	+	35.326)	/	2 )	/	329.679	*	365
=	36.659					/	329.679	*	365
=	40.59

Mediwelcome Healthcare Management & Technology's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (35.326	+	28.58)	/	2 )	/	129.169	*	365 / 2
=	31.953					/	129.169	*	365 / 2
=	45.15

Mediwelcome Healthcare Management & Technology Days Payable Related Terms

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Mediwelcome Healthcare Management & Technology Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Mediwelcome Healthcare Management & Technology Inc (HKSE:02159) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2 East 4th Ring Road, 10th Floor-12th Floor, Parkview Place, Chaoyang District, Beijing, CHN

Website

https://www.mediwelcome.com

Mediwelcome Healthcare Management & Technology Inc provides medical conference services, patient education and screening services, and marketing plan and consulting services.

Executives

Zhang Yitao	2401 A concert party to an agreement to buy shares
Shi Wei
Yang Weimin	2401 A concert party to an agreement to buy shares
Wang Liang
He Hui Wan Yi Investment Management Company Limited	2101 Beneficial owner
Ji Ze Investment Management Company Limited	2101 Beneficial owner
Shun Jia Investment Management Company Limited	2101 Beneficial owner
Tai Zhi Feng Investment Management Company Limited	2101 Beneficial owner
Great Insight Global Limited	2306 Nominee for another person
Tct (bvi) Limited	2501 Other
The Core Trust Company Limited	2301 Trustee

Mediwelcome Healthcare Management & Technology Headlines

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