Changhong Meiling Co (SZSE:000521) Days Payable : 188.98 (As of Mar. 2024)

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What is Changhong Meiling Co Days Payable?

Changhong Meiling Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥10,655 Mil. Changhong Meiling Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥5,145 Mil. Hence, Changhong Meiling Co's Days Payable for the three months ended in Mar. 2024 was 188.98.

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

SZSE:000521' s Days Payable Range Over the Past 10 Years
Min: 142.88 Med: 158.13 Max: 186.39
Current: 170.33

During the past 13 years, Changhong Meiling Co's highest Days Payable was 186.39. The lowest was 142.88. And the median was 158.13.

SZSE:000521's Days Payable is ranked better than
91.13% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 69.03 vs SZSE:000521: 170.33

Changhong Meiling Co's Days Payable increased from Mar. 2023 (176.51) to Mar. 2024 (188.98). It may suggest that Changhong Meiling Co delayed paying its suppliers.

Changhong Meiling Co Days Payable Historical Data

The historical data trend for Changhong Meiling 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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Changhong Meiling Co Days Payable Chart

Changhong Meiling Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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160.63

186.39

165.95

157.15

154.53

Changhong Meiling 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															176.51	128.30	174.26	211.11	188.98

Competitive Comparison of Changhong Meiling Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Changhong Meiling 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.

Changhong Meiling Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Changhong Meiling Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changhong Meiling Co's Days Payable falls into.

Changhong Meiling 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.

Changhong Meiling 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
=	( (7882.372	+	9786.691)	/	2 )	/	20866.556	*	365
=	8834.5315					/	20866.556	*	365
=	154.53

Changhong Meiling 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
=	( (9786.691	+	11522.595)	/	2 )	/	5144.643	*	365 / 4
=	10654.643					/	5144.643	*	365 / 4
=	188.98

Changhong Meiling Co Days Payable Related Terms

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Changhong Meiling Co (SZSE:000521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Changhong Meiling Co Ltd (SZSE:000521) » Definitions » Days Payable

Traded in Other Exchanges

200521:China

Address

No. 2163, Lianhua Road, Economic and technology Development Zone, Hefei, Anhui, CHN, 230601

Website

http://www.meiling.com

Changhong Meiling Co Ltd functions in the consumer electronic industry of China. Its product portfolio comprises of refrigerators, air conditioners, washing machines and other household appliances. Hefei Meiling conducts its operations through five segments; Air-conditioning, Refrigerator & freezer & washing machine, Marketing, Small home appliance and Others. The company's washing machine varieties include fully automatic, roller and double barrel and the air conditioning products range include Guiji and Goodbye.

Executives

Tang You Dao	Executives
Li Xia	Secretary Dong
Zhong Ming	Directors, executives
Li Wei	Director
Wu Ding Gang	Directors, executives
Zhang Xiao Long	Executives
Liao Tao	Executives
Shang Wen	Supervisors
Kou Hua Meng	Director
Deng Xiao Hui	Executives
Wang Ying Min	Executives
Wang Yong	Director
Liu Ti Bin	Director

Changhong Meiling Co (SZSE:000521) Headlines

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