Zhejiang Meorient Commerce & Exhibition (SZSE:300795) Days Payable : 8.68 (As of Jun. 2024)

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What is Zhejiang Meorient Commerce & Exhibition Days Payable?

Zhejiang Meorient Commerce & Exhibition's average Accounts Payable for the three months ended in Jun. 2024 was ¥8.0 Mil. Zhejiang Meorient Commerce & Exhibition's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥84.5 Mil. Hence, Zhejiang Meorient Commerce & Exhibition's Days Payable for the three months ended in Jun. 2024 was 8.68.

The historical rank and industry rank for Zhejiang Meorient Commerce & Exhibition's Days Payable or its related term are showing as below:

SZSE:300795' s Days Payable Range Over the Past 10 Years
Min: 1.41 Med: 15.33 Max: 42.51
Current: 15.45

During the past 12 years, Zhejiang Meorient Commerce & Exhibition's highest Days Payable was 42.51. The lowest was 1.41. And the median was 15.33.

SZSE:300795's Days Payable is ranked worse than
83.8% of 926 companies
in the Business Services industry
Industry Median: 47.305 vs SZSE:300795: 15.45

Zhejiang Meorient Commerce & Exhibition's Days Payable declined from Jun. 2023 (9.56) to Jun. 2024 (8.68). It may suggest that Zhejiang Meorient Commerce & Exhibition accelerated paying its suppliers.

Zhejiang Meorient Commerce & Exhibition Days Payable Historical Data

The historical data trend for Zhejiang Meorient Commerce & Exhibition'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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Zhejiang Meorient Commerce & Exhibition Days Payable Chart

Zhejiang Meorient Commerce & Exhibition Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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17.94

42.51

20.03

24.96

19.88

Zhejiang Meorient Commerce & Exhibition 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															9.56	29.56	8.95	42.74	8.68

Competitive Comparison of Zhejiang Meorient Commerce & Exhibition's Days Payable

For the Specialty Business Services subindustry, Zhejiang Meorient Commerce & Exhibition'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.

Zhejiang Meorient Commerce & Exhibition's Days Payable Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Zhejiang Meorient Commerce & Exhibition's Days Payable distribution charts can be found below:

* The bar in red indicates where Zhejiang Meorient Commerce & Exhibition's Days Payable falls into.

Zhejiang Meorient Commerce & Exhibition 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.

Zhejiang Meorient Commerce & Exhibition'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
=	( (18.923	+	26.467)	/	2 )	/	416.767	*	365
=	22.695					/	416.767	*	365
=	19.88

Zhejiang Meorient Commerce & Exhibition'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
=	( (6.049	+	10.027)	/	2 )	/	84.48	*	365 / 4
=	8.038					/	84.48	*	365 / 4
=	8.68

Zhejiang Meorient Commerce & Exhibition Days Payable Related Terms

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Zhejiang Meorient Commerce & Exhibition Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Zhejiang Meorient Commerce & Exhibition Inc (SZSE:300795) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 666, Baiyang Street, Room 912, Building 3, No. 452, Economic and Technological Development Zone, Zhejiang, Hangzhou, CHN, 310018

Website

http://www.meorient.com

Zhejiang Meorient Commerce & Exhibition Inc is a conference and exhibition service provider.

Executives

Pan Jian Jun	Director
Yao Zong Xian	Directors, Directors, and Executives
Fang Huan Sheng	Directors, executives
Liu Feng Yi	Executives
Zhang Min Qing	Supervisors
He Wen Xi	Supervisors
Zheng Wei	Executives
Cheng Yi Jun	Executives

Zhejiang Meorient Commerce & Exhibition Headlines

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