Shandong Meichen Science & Technology Co (SZSE:300237) Days Payable : 504.12 (As of Jun. 2024)

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What is Shandong Meichen Science & Technology Co Days Payable?

Shandong Meichen Science & Technology Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥2,113 Mil. Shandong Meichen Science & Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥383 Mil. Hence, Shandong Meichen Science & Technology Co's Days Payable for the three months ended in Jun. 2024 was 504.12.

The historical rank and industry rank for Shandong Meichen Science & Technology Co's Days Payable or its related term are showing as below:

SZSE:300237' s Days Payable Range Over the Past 10 Years
Min: 226.4 Med: 482.38 Max: 676.16
Current: 459.24

During the past 13 years, Shandong Meichen Science & Technology Co's highest Days Payable was 676.16. The lowest was 226.40. And the median was 482.38.

SZSE:300237's Days Payable is ranked better than
98.12% of 1276 companies
in the Vehicles & Parts industry
Industry Median: 65.84 vs SZSE:300237: 459.24

Shandong Meichen Science & Technology Co's Days Payable declined from Jun. 2023 (571.98) to Jun. 2024 (504.12). It may suggest that Shandong Meichen Science & Technology Co accelerated paying its suppliers.

Shandong Meichen Science & Technology Co Days Payable Historical Data

The historical data trend for Shandong Meichen Science & Technology 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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Shandong Meichen Science & Technology Co Days Payable Chart

Shandong Meichen Science & Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

540.00

529.86

606.52

676.16

520.67

Shandong Meichen Science & Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															571.98	547.30	354.66	480.00	504.12

Competitive Comparison of Shandong Meichen Science & Technology Co's Days Payable

For the Auto Parts subindustry, Shandong Meichen Science & Technology 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.

Shandong Meichen Science & Technology Co's Days Payable Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, Shandong Meichen Science & Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Meichen Science & Technology Co's Days Payable falls into.

Shandong Meichen Science & Technology 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.

Shandong Meichen Science & Technology 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
=	( (2380.004	+	2164.832)	/	2 )	/	1593.012	*	365
=	2272.418					/	1593.012	*	365
=	520.67

Shandong Meichen Science & Technology Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (2123.564	+	2103.116)	/	2 )	/	382.534	*	365 / 4
=	2113.34					/	382.534	*	365 / 4
=	504.12

Shandong Meichen Science & Technology Co Days Payable Related Terms

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Shandong Meichen Science & Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Shandong Meichen Science & Technology Co Ltd (SZSE:300237) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Northern part of East Outer Ring, Shandong Province, Zhucheng City, CHN, 262200

Website

http://www.meichen.cc

Shandong Meichen Science & Technology Co Ltd, formerly Shandong Meichen Ecology & Environment Co Ltd is engaged in the research, development, manufacturing, and distribution of rubber hose, damping rubber, engineering plastics products and related raw materials in China. It operates in the business areas of Sophisticated high molecular material and Ecological environment protection. The sophisticated high molecular material area offers suspension products, system integration modified engineering plastics products, elastic products damping noise reduction, and fluid pipe products. Ecological environment protection includes services like an ecological garden, soil repair, city minerals, water ecological management and air detection management.

Executives

Xu Hai Qin	Director
Zhang Lei	Director
Zheng Zhao Wei	Director
Li Rong Hua	Directors, executives
Guo Bai Feng	Director
Ma Jing Chun	Director
Li Rui Long	Executives
Xiao Pan Wen	Directors, executives
Sun Pei Zhu	Directors, executives
Li Wei Gang	Secretary Dong
Zhen Ran	Supervisors
Zhao Xiang Yang	Independent director
Li Xiao Nan	Director

Shandong Meichen Science & Technology Co Headlines

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