Mehow Innovative (SZSE:301363) Days Payable : 75.80 (As of Mar. 2024)

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What is Mehow Innovative Days Payable?

Mehow Innovative's average Accounts Payable for the three months ended in Mar. 2024 was ¥144 Mil. Mehow Innovative's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥174 Mil. Hence, Mehow Innovative's Days Payable for the three months ended in Mar. 2024 was 75.80.

The historical rank and industry rank for Mehow Innovative's Days Payable or its related term are showing as below:

SZSE:301363' s Days Payable Range Over the Past 10 Years
Min: 51.29 Med: 84.11 Max: 113.97
Current: 70.77

During the past 6 years, Mehow Innovative's highest Days Payable was 113.97. The lowest was 51.29. And the median was 84.11.

SZSE:301363's Days Payable is ranked worse than
51.79% of 784 companies
in the Medical Devices & Instruments industry
Industry Median: 72.505 vs SZSE:301363: 70.77

Mehow Innovative's Days Payable increased from Mar. 2023 (73.85) to Mar. 2024 (75.80). It may suggest that Mehow Innovative delayed paying its suppliers.

Mehow Innovative Days Payable Historical Data

The historical data trend for Mehow Innovative'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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Mehow Innovative Days Payable Chart

Mehow Innovative Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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62.14

100.05

113.97

93.89

74.33

Mehow Innovative Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											73.85	61.47	75.38	69.33	75.80

Competitive Comparison of Mehow Innovative's Days Payable

For the Medical Devices subindustry, Mehow Innovative'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.

Mehow Innovative's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Mehow Innovative's Days Payable distribution charts can be found below:

* The bar in red indicates where Mehow Innovative's Days Payable falls into.

Mehow Innovative 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.

Mehow Innovative'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
=	( (182.676	+	137.687)	/	2 )	/	786.628	*	365
=	160.1815					/	786.628	*	365
=	74.33

Mehow Innovative'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
=	( (137.687	+	150.97)	/	2 )	/	173.752	*	365 / 4
=	144.3285					/	173.752	*	365 / 4
=	75.80

Mehow Innovative Days Payable Related Terms

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Mehow Innovative (SZSE:301363) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Mehow Innovative Ltd (SZSE:301363) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 3, Baolong Sixth Road, Baolong Street, 101, 201, 401, 101, 201, 401, Building A, Xinzhongqiao Industrial Park, Longgang District, Guangdong Province, Shenzhen, CHN, 518116

Website

https://www.mehow.com

Mehow Innovative Ltd is engaged in the design, development, manufacture and sales of precision components and products for medical devices.

Executives

Tan Jing Xia

Secretary Dong

Mehow Innovative (SZSE:301363) Headlines

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