Meitu (HKSE:01357) Days Payable : 46.61 (As of Dec. 2023)

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What is Meitu Days Payable?

Meitu's average Accounts Payable for the six months ended in Dec. 2023 was HK$149 Mil. Meitu's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$583 Mil. Hence, Meitu's Days Payable for the six months ended in Dec. 2023 was 46.61.

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

HKSE:01357' s Days Payable Range Over the Past 10 Years
Min: 8.82 Med: 68.08 Max: 443.54
Current: 48.02

During the past 11 years, Meitu's highest Days Payable was 443.54. The lowest was 8.82. And the median was 68.08.

HKSE:01357's Days Payable is ranked worse than
55.99% of 434 companies
in the Interactive Media industry
Industry Median: 60.975 vs HKSE:01357: 48.02

Meitu's Days Payable declined from Dec. 2022 (49.39) to Dec. 2023 (46.61). It may suggest that Meitu accelerated paying its suppliers.

Meitu Days Payable Historical Data

The historical data trend for Meitu'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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Meitu Days Payable Chart

Meitu Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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315.59

99.51

70.29

50.71

48.92

Meitu Semi-Annual Data
	Dec13	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															67.90	39.35	49.39	48.57	46.61

Competitive Comparison of Meitu's Days Payable

For the Internet Content & Information subindustry, Meitu'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.

Meitu's Days Payable Distribution in the Interactive Media Industry

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

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

Meitu 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.

Meitu'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
=	( (151.108	+	153.79)	/	2 )	/	1137.379	*	365
=	152.449					/	1137.379	*	365
=	48.92

Meitu'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
=	( (143.987	+	153.79)	/	2 )	/	582.987	*	365 / 2
=	148.8885					/	582.987	*	365 / 2
=	46.61

Meitu Days Payable Related Terms

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Meitu (HKSE:01357) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Meitu Inc (HKSE:01357) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MEIUF:USA M5U:Germany

Address

No. 2557 Binhai West Avenue, Meitu Tower, Building 2, Meifeng Innovation Valley, Tong’an District, Xiamen, Fujian, CHN

Website

https://www.meitu.com

Meitu Inc is an investment holding company. It is engaged in the provision of online advertising and other Internet value-added services by offering a portfolio of photo and community apps that enjoys popularity in the PRC and overseas and the smart hardware business involving the production of MeituEve: a commercial artificial intelligence skin analyser, MeituKey: a contact skin analyser, MeituSpa: an artificial intelligence cleansing brush and Meitu Genius: an artificial intelligence smart mirror. The company operates in one operating segment including internet business that consists of online advertising and internet value-added services.

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