Merit Interactive Co (SZSE:300766) Days Payable : 204.95 (As of Mar. 2024)

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What is Merit Interactive Co Days Payable?

Merit Interactive Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥49.8 Mil. Merit Interactive Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥22.2 Mil. Hence, Merit Interactive Co's Days Payable for the three months ended in Mar. 2024 was 204.95.

The historical rank and industry rank for Merit Interactive Co's Days Payable or its related term are showing as below:

SZSE:300766' s Days Payable Range Over the Past 10 Years
Min: 12.24 Med: 59.35 Max: 187.35
Current: 166.04

During the past 10 years, Merit Interactive Co's highest Days Payable was 187.35. The lowest was 12.24. And the median was 59.35.

SZSE:300766's Days Payable is ranked better than
70.72% of 345 companies
in the Telecommunication Services industry
Industry Median: 102.31 vs SZSE:300766: 166.04

Merit Interactive Co's Days Payable increased from Mar. 2023 (197.40) to Mar. 2024 (204.95). It may suggest that Merit Interactive Co delayed paying its suppliers.

Merit Interactive Co Days Payable Historical Data

The historical data trend for Merit Interactive 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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Merit Interactive Co Days Payable Chart

Merit Interactive Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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57.80

91.99

151.86

177.92

187.35

Merit Interactive Co 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															197.40	213.20	199.57	100.92	204.95

Competitive Comparison of Merit Interactive Co's Days Payable

For the Telecom Services subindustry, Merit Interactive 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.

Merit Interactive Co's Days Payable Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Merit Interactive Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Merit Interactive Co's Days Payable falls into.

Merit Interactive 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.

Merit Interactive 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
=	( (86.101	+	52.599)	/	2 )	/	135.112	*	365
=	69.35					/	135.112	*	365
=	187.35

Merit Interactive Co'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
=	( (52.599	+	46.956)	/	2 )	/	22.162	*	365 / 4
=	49.7775					/	22.162	*	365 / 4
=	204.95

Merit Interactive Co Days Payable Related Terms

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Merit Interactive Co (SZSE:300766) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Merit Interactive Co Ltd (SZSE:300766) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

West District, No. 525, Xixi Road, No. 7 Xidoumen Road, Xihu District, Hangzhou, Zhejiang, Building A, Room 418, 14th Floor, Block A, Qiandao Lake Zhigu Building, Xihu District, Zhejiang Province, Hangzhou, CHN, 310012

Website

https://www.getui.com

Merit Interactive Co Ltd is a provider of integrated mobile Internet services based on big data.

Executives

Yin Zu Yong	Director
Chen Jin Lai	Supervisors
Fang Yi	Directors, executives
Dong Lin	Supervisors

Merit Interactive Co (SZSE:300766) Headlines

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