TVZone Media Co (SHSE:603721) Days Payable : 99.23 (As of Mar. 2024)

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What is TVZone Media Co Days Payable?

TVZone Media Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥83.9 Mil. TVZone Media Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥77.1 Mil. Hence, TVZone Media Co's Days Payable for the three months ended in Mar. 2024 was 99.23.

The historical rank and industry rank for TVZone Media Co's Days Payable or its related term are showing as below:

SHSE:603721' s Days Payable Range Over the Past 10 Years
Min: 25.3 Med: 77.48 Max: 160.73
Current: 137.71

During the past 12 years, TVZone Media Co's highest Days Payable was 160.73. The lowest was 25.30. And the median was 77.48.

SHSE:603721's Days Payable is ranked better than
67.85% of 927 companies
in the Media - Diversified industry
Industry Median: 81.28 vs SHSE:603721: 137.71

TVZone Media Co's Days Payable declined from Mar. 2023 (261.36) to Mar. 2024 (99.23). It may suggest that TVZone Media Co accelerated paying its suppliers.

TVZone Media Co Days Payable Historical Data

The historical data trend for TVZone Media 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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TVZone Media Co Days Payable Chart

TVZone Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

88.20

74.27

80.69

143.65

160.73

TVZone Media Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															261.36	160.62	187.12	136.17	99.23

Competitive Comparison of TVZone Media Co's Days Payable

For the Broadcasting subindustry, TVZone Media 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.

TVZone Media Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, TVZone Media Co's Days Payable distribution charts can be found below:

* The bar in red indicates where TVZone Media Co's Days Payable falls into.

TVZone Media 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.

TVZone Media Co'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
=	( (79.002	+	79.672)	/	2 )	/	180.165	*	365
=	79.337					/	180.165	*	365
=	160.73

TVZone Media 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
=	( (79.672	+	88.03)	/	2 )	/	77.108	*	365 / 4
=	83.851					/	77.108	*	365 / 4
=	99.23

TVZone Media Co Days Payable Related Terms

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TVZone Media Co (SHSE:603721) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » TVZone Media Co Ltd (SHSE:603721) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 188, Furong Middle Road, New Century Sports Culture Center Tennis Club 101, Tianxin District, Hunan Province, Changsha, CHN, 410005

Website

http://www.tvzone.cn

TVZone Media Co Ltd is a state-owned cultural enterprise absolutely controlled by Changsha Broadcasting and Television Group. The company's main business is TV, internet, and mobile internet video. It is also engaged in the production, distribution, and marketing of such content; the operation of television drama rights.

TVZone Media Co (SHSE:603721) Headlines

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