Meihao Medical Group Co (HKSE:01947) Days Payable : 57.33 (As of Jun. 2023)

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What is Meihao Medical Group Co Days Payable?

Meihao Medical Group Co's average Accounts Payable for the six months ended in Jun. 2023 was HK$6.71 Mil. Meihao Medical Group Co's Cost of Goods Sold for the six months ended in Jun. 2023 was HK$21.35 Mil. Hence, Meihao Medical Group Co's Days Payable for the six months ended in Jun. 2023 was 57.33.

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

HKSE:01947' s Days Payable Range Over the Past 10 Years
Min: 43.6 Med: 51.21 Max: 62
Current: 56.29

During the past 5 years, Meihao Medical Group Co's highest Days Payable was 62.00. The lowest was 43.60. And the median was 51.21.

HKSE:01947's Days Payable is ranked worse than
62.85% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.67 vs HKSE:01947: 56.29

Meihao Medical Group Co's Days Payable increased from Jun. 2022 (44.56) to Jun. 2023 (57.33). It may suggest that Meihao Medical Group Co delayed paying its suppliers.

Meihao Medical Group Co Days Payable Historical Data

The historical data trend for Meihao Medical Group 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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Meihao Medical Group Co Days Payable Chart

Meihao Medical Group Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

62.00

55.52

46.90

43.60

54.63

Meihao Medical Group Co Semi-Annual Data
	Dec19	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	44.56	40.45	57.33	56.92

Competitive Comparison of Meihao Medical Group Co's Days Payable

For the Medical Instruments & Supplies subindustry, Meihao Medical Group 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.

Meihao Medical Group Co's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Meihao Medical Group Co's Days Payable falls into.

Meihao Medical Group 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.

Meihao Medical Group Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (7	+	6.114)	/	2 )	/	54.897	*	365
=	6.557					/	54.897	*	365
=	43.60

Meihao Medical Group Co's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (6.114	+	7.298)	/	2 )	/	21.347	*	365 / 2
=	6.706					/	21.347	*	365 / 2
=	57.33

Meihao Medical Group Co Days Payable Related Terms

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Meihao Medical Group Co (HKSE:01947) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihao Medical Group Co Ltd (HKSE:01947) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

197 Fuqian Street, Lucheng District, Zhejiang Province, Wenzhou, CHN

Website

https://www.meihaomedical.com

Meihao Medical Group Co Ltd is a dental service provider in Wenzhou. It offers services to individuals, covering principally four dental sectors namely, general dentistry, reparative dentistry, implant dentistry, and orthodontics and cosmetic dentistry.

Executives

Wang Xiaomin
Zheng Man
Jian Chi Kang Zhong Guo You Xian Gong Si	2101 Beneficial owner
Mei Hao Zhong Guo You Xian Gong Si	2101 Beneficial owner
Rui Kang Zhong Guo You Xian Gong Si	2101 Beneficial owner

Meihao Medical Group Co (HKSE:01947) Headlines

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