YH Entertainment Group (HKSE:02306) Days Payable : 99.76 (As of Dec. 2023)

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What is YH Entertainment Group Days Payable?

YH Entertainment Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$174.6 Mil. YH Entertainment Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$319.4 Mil. Hence, YH Entertainment Group's Days Payable for the six months ended in Dec. 2023 was 99.76.

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

HKSE:02306' s Days Payable Range Over the Past 10 Years
Min: 96.77 Med: 125.59 Max: 169.81
Current: 107.66

During the past 5 years, YH Entertainment Group's highest Days Payable was 169.81. The lowest was 96.77. And the median was 125.59.

HKSE:02306's Days Payable is ranked better than
59.26% of 923 companies
in the Media - Diversified industry
Industry Median: 79.7 vs HKSE:02306: 107.66

YH Entertainment Group's Days Payable declined from Dec. 2022 (104.47) to Dec. 2023 (99.76). It may suggest that YH Entertainment Group accelerated paying its suppliers.

YH Entertainment Group Days Payable Historical Data

The historical data trend for YH Entertainment Group'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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YH Entertainment Group Days Payable Chart

YH Entertainment Group Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

169.81

131.98

96.77

125.59

108.19

YH Entertainment Group Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	143.22	104.47	115.13	99.76

Competitive Comparison of YH Entertainment Group's Days Payable

For the Entertainment subindustry, YH Entertainment Group'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.

YH Entertainment Group's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, YH Entertainment Group's Days Payable distribution charts can be found below:

* The bar in red indicates where YH Entertainment Group's Days Payable falls into.

YH Entertainment Group 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.

YH Entertainment Group'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
=	( (212.867	+	163.633)	/	2 )	/	635.098	*	365
=	188.25					/	635.098	*	365
=	108.19

YH Entertainment Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (185.507	+	163.633)	/	2 )	/	319.368	*	365 / 2
=	174.57					/	319.368	*	365 / 2
=	99.76

YH Entertainment Group Days Payable Related Terms

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YH Entertainment Group (HKSE:02306) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » YH Entertainment Group (HKSE:02306) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

YHEGF:USA

Address

No. 27 West Dawang Road, Room 150, Building 119, Chaoyang District, Beijing, CHN

Website

https://www.yuehuamusic.com

YH Entertainment Group is an artist management company in China. The company has grown into a cultural and entertainment platform comprising three complementary business segments artist management, music IP production and operation, and pan-entertainment business. The artist management business, provides services to customers, including corporate customers, media platforms, content producers, and advertising agencies, by arranging for managed artists to participate in commercial activities and perform in movies, drama series, and a variety of programs. With the music IP production and operation business, the company licenses the music IPs in the library to music streaming platforms and other music service providers for licensing fees and sells digital and physical copies of music IPs.

Executives

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Li Ruigang

YH Entertainment Group (HKSE:02306) Headlines

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