Medlive Technology Co (HKSE:02192) Days Payable : 18.22 (As of Dec. 2023)

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What is Medlive Technology Co Days Payable?

Medlive Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$10.1 Mil. Medlive Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$101.1 Mil. Hence, Medlive Technology Co's Days Payable for the six months ended in Dec. 2023 was 18.22.

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

HKSE:02192' s Days Payable Range Over the Past 10 Years
Min: 16.07 Med: 23.91 Max: 27.83
Current: 16.07

During the past 6 years, Medlive Technology Co's highest Days Payable was 27.83. The lowest was 16.07. And the median was 23.91.

HKSE:02192's Days Payable is ranked worse than
97.89% of 95 companies
in the Medical Distribution industry
Industry Median: 73.55 vs HKSE:02192: 16.07

Medlive Technology Co's Days Payable increased from Dec. 2022 (9.34) to Dec. 2023 (18.22). It may suggest that Medlive Technology Co delayed paying its suppliers.

Medlive Technology Co Days Payable Historical Data

The historical data trend for Medlive Technology 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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Medlive Technology Co Days Payable Chart

Medlive Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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21.14

27.83

26.78

17.16

19.92

Medlive Technology Co Semi-Annual Data
	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					36.13	22.03	9.34	8.61	18.22

Competitive Comparison of Medlive Technology Co's Days Payable

For the Medical Distribution subindustry, Medlive Technology 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.

Medlive Technology Co's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Medlive Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Medlive Technology Co's Days Payable falls into.

Medlive Technology 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.

Medlive Technology 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
=	( (3.025	+	16.156)	/	2 )	/	175.736	*	365
=	9.5905					/	175.736	*	365
=	19.92

Medlive Technology Co'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
=	( (4.024	+	16.156)	/	2 )	/	101.05	*	365 / 2
=	10.09					/	101.05	*	365 / 2
=	18.22

Medlive Technology Co Days Payable Related Terms

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Medlive Technology Co (HKSE:02192) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Medlive Technology Co Ltd (HKSE:02192) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Baijialou Chaoyang North Road, E1 Red Manor International Bonded Innovation Park, Chaoyang District, Beijing, CHN

Website

https://www.medlive.cn

Medlive is a digital healthcare marketing company that produces customized content for pharmaceutical and medical device firms to specifically target physicians through different promotional channels. The company uses in-house and third-party content teams to produce advertising for its clients by profiling the user preferences of the physicians on the platform who drive procurement and prescription decisions. Its platform also provides medical content consisting of third-party research, informal discussions, and medical news articles. The company also operates a minor internet hospital and SaaS solution that help with medical conferences and clinical research. M3, Japan's leading digital healthcare marketing company owns 38.8% of Medlive through a joint venture.

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