Meisheng Cultural and Creative (SZSE:002699) Days Payable : 83.63 (As of Mar. 2024)

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What is Meisheng Cultural and Creative Days Payable?

Meisheng Cultural and Creative's average Accounts Payable for the three months ended in Mar. 2024 was ¥86.8 Mil. Meisheng Cultural and Creative's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥94.7 Mil. Hence, Meisheng Cultural and Creative's Days Payable for the three months ended in Mar. 2024 was 83.63.

The historical rank and industry rank for Meisheng Cultural and Creative's Days Payable or its related term are showing as below:

SZSE:002699' s Days Payable Range Over the Past 10 Years
Min: 51.25 Med: 62.93 Max: 94.08
Current: 54.97

During the past 13 years, Meisheng Cultural and Creative's highest Days Payable was 94.08. The lowest was 51.25. And the median was 62.93.

SZSE:002699's Days Payable is ranked worse than
54.45% of 472 companies
in the Conglomerates industry
Industry Median: 59.465 vs SZSE:002699: 54.97

Meisheng Cultural and Creative's Days Payable declined from Mar. 2023 (95.86) to Mar. 2024 (83.63). It may suggest that Meisheng Cultural and Creative accelerated paying its suppliers.

Meisheng Cultural and Creative Days Payable Historical Data

The historical data trend for Meisheng Cultural and Creative'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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Meisheng Cultural and Creative Days Payable Chart

Meisheng Cultural and Creative Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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53.02

61.43

75.28

67.95

51.25

Meisheng Cultural and Creative 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															95.86	81.30	41.31	45.28	83.63

Competitive Comparison of Meisheng Cultural and Creative's Days Payable

For the Conglomerates subindustry, Meisheng Cultural and Creative'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.

Meisheng Cultural and Creative's Days Payable Distribution in the Conglomerates Industry

For the Conglomerates industry and Industrials sector, Meisheng Cultural and Creative's Days Payable distribution charts can be found below:

* The bar in red indicates where Meisheng Cultural and Creative's Days Payable falls into.

Meisheng Cultural and Creative 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.

Meisheng Cultural and Creative'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
=	( (116.114	+	78.603)	/	2 )	/	693.346	*	365
=	97.3585					/	693.346	*	365
=	51.25

Meisheng Cultural and Creative'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
=	( (78.603	+	95.002)	/	2 )	/	94.712	*	365 / 4
=	86.8025					/	94.712	*	365 / 4
=	83.63

Meisheng Cultural and Creative Days Payable Related Terms

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Meisheng Cultural and Creative (SZSE:002699) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Conglomerates » Meisheng Cultural and Creative Corp Ltd (SZSE:002699) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Xinchang Provincial High-tech Park, Zhejiang Province, Shaoxing, CHN, 312500

Website

http://www.chinarising.com.cn

Meisheng Cultural and Creative Corp Ltd is a China-based company principally engaged in culture industry related businesses. The company's products mainly include Intellectual Property (IP) derivatives, traditional derivatives, animation, games, films and television and other cultural industry products.

Executives

Zhang Yan	Executives
Pan Jing	Executives
Shu Min	Independent director
Zhu Lin Fang	Executives
Xiong Xu Feng	Executives
Yuan Xian Miao	Directors, executives
Chen Wen	Independent director

Meisheng Cultural and Creative (SZSE:002699) Headlines

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