Miracle Automation Engineering Co (SZSE:002009) Days Payable : 261.04 (As of Mar. 2024)

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What is Miracle Automation Engineering Co Days Payable?

Miracle Automation Engineering Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,563 Mil. Miracle Automation Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥547 Mil. Hence, Miracle Automation Engineering Co's Days Payable for the three months ended in Mar. 2024 was 261.04.

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

SZSE:002009' s Days Payable Range Over the Past 10 Years
Min: 170.8 Med: 198.92 Max: 225.76
Current: 186.5

During the past 13 years, Miracle Automation Engineering Co's highest Days Payable was 225.76. The lowest was 170.80. And the median was 198.92.

SZSE:002009's Days Payable is ranked better than
84.33% of 2936 companies
in the Industrial Products industry
Industry Median: 76.765 vs SZSE:002009: 186.50

Miracle Automation Engineering Co's Days Payable increased from Mar. 2023 (203.85) to Mar. 2024 (261.04). It may suggest that Miracle Automation Engineering Co delayed paying its suppliers.

Miracle Automation Engineering Co Days Payable Historical Data

The historical data trend for Miracle Automation Engineering 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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Miracle Automation Engineering Co Days Payable Chart

Miracle Automation Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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225.76

202.04

198.97

178.71

190.32

Miracle Automation Engineering 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															203.85	159.22	168.27	198.91	261.04

Competitive Comparison of Miracle Automation Engineering Co's Days Payable

For the Specialty Industrial Machinery subindustry, Miracle Automation Engineering 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.

Miracle Automation Engineering Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Miracle Automation Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Miracle Automation Engineering Co's Days Payable falls into.

Miracle Automation Engineering 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.

Miracle Automation Engineering 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
=	( (1874.938	+	1630.135)	/	2 )	/	3361.012	*	365
=	1752.5365					/	3361.012	*	365
=	190.32

Miracle Automation Engineering 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
=	( (1630.135	+	1496.684)	/	2 )	/	546.506	*	365 / 4
=	1563.4095					/	546.506	*	365 / 4
=	261.04

Miracle Automation Engineering Co Days Payable Related Terms

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Miracle Automation Engineering Co (SZSE:002009) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Miracle Automation Engineering Co Ltd (SZSE:002009) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 288 Luojing Road, Luoshe town, Huishan District, Jiangsu Province, Wuxi, CHN

Website

http://www.chinaconveyor.com

Miracle Automation Engineering Co Ltd is engaged in the design, manufacture, and installation of logistics systems, optical electromechanical integration projects, and a wind power generator in China.

Executives

Li Ming Bo	Executives
Zhang Yu Xing	Secretary, Director
Shen Xian Feng	Executives
Shen Bao Wei	Directors, executives
	Directors, executives
Chou Xue Qin	Executives
Li Feng Bao	Supervisors
Bai Kai Jun	Director
Yang Lei	Directors, executives
Zhang Yuan Xing	Supervisors

Miracle Automation Engineering Co (SZSE:002009) Headlines

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