Modern Avenue Group Co (SZSE:002656) Days Payable : 57.11 (As of Sep. 2024)

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What is Modern Avenue Group Co Days Payable?

Modern Avenue Group Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥14.9 Mil. Modern Avenue Group Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥23.8 Mil. Hence, Modern Avenue Group Co's Days Payable for the three months ended in Sep. 2024 was 57.11.

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

SZSE:002656' s Days Payable Range Over the Past 10 Years
Min: 41.66 Med: 115.29 Max: 234.32
Current: 86.39

During the past 13 years, Modern Avenue Group Co's highest Days Payable was 234.32. The lowest was 41.66. And the median was 115.29.

SZSE:002656's Days Payable is ranked better than
70.64% of 1015 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 54.21 vs SZSE:002656: 86.39

Modern Avenue Group Co's Days Payable increased from Sep. 2023 (56.74) to Sep. 2024 (57.11). It may suggest that Modern Avenue Group Co delayed paying its suppliers.

Modern Avenue Group Co Days Payable Historical Data

The historical data trend for Modern Avenue Group 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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Modern Avenue Group Co Days Payable Chart

Modern Avenue Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.61

124.85

105.82

150.45

88.89

Modern Avenue Group Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															56.74	90.57	104.93	127.93	57.11

Competitive Comparison of Modern Avenue Group Co's Days Payable

For the Apparel Manufacturing subindustry, Modern Avenue Group 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.

Modern Avenue Group Co's Days Payable Distribution in the Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Modern Avenue Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Modern Avenue Group Co's Days Payable falls into.

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Modern Avenue Group 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.

Modern Avenue Group 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
=	( (24.481	+	17.478)	/	2 )	/	86.142	*	365
=	20.9795					/	86.142	*	365
=	88.89

Modern Avenue Group Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (15.337	+	14.403)	/	2 )	/	23.76	*	365 / 4
=	14.87					/	23.76	*	365 / 4
=	57.11

Modern Avenue Group Co Days Payable Related Terms

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Modern Avenue Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Manufacturing - Apparel & Accessories » Modern Avenue Group Co Ltd (SZSE:002656) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 23 Guangpu Middle Road, Science City, Huangpu District, Guangdong Province, Guangzhou, CHN, 510663

Website

https://www.modernavenuegroup.com

Modern Avenue Group Co Ltd is a fashion brand operator. The company manufactures, designs, markets and retails a wide range of men's clothing such as business series and vacation series. The company has seven channels of business operations: Modern Avenue e-commerce platform, high-end shopping malls, high-end boutique buyers, Hong Kong and Macao channels, airport channels, third-party e-commerce platforms, and new media channels. Its principal geographical areas for its operations are located in Asia Pacific, Europe, the United States, and the Middle East.

Executives

Lin Yong Fei	Director
Weng Wu Qiang	Directors, executives
Yang Hou Wei	Directors, executives

Modern Avenue Group Co Headlines

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