Meituan (Meituan) Days Payable : 41.09 (As of Dec. 2023)

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What is Meituan Days Payable?

Meituan's average Accounts Payable for the three months ended in Dec. 2023 was $3,071 Mil. Meituan's Cost of Goods Sold for the three months ended in Dec. 2023 was $6,821 Mil. Hence, Meituan's Days Payable for the three months ended in Dec. 2023 was 41.09.

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

MPNGY' s Days Payable Range Over the Past 10 Years
Min: 29.58 Med: 39.23 Max: 130.03
Current: 38.88

During the past 9 years, Meituan's highest Days Payable was 130.03. The lowest was 29.58. And the median was 39.23.

MPNGY's Days Payable is ranked worse than
65.12% of 1081 companies
in the Retail - Cyclical industry
Industry Median: 56.41 vs MPNGY: 38.88

Meituan's Days Payable increased from Dec. 2022 (36.71) to Dec. 2023 (41.09). It may suggest that Meituan delayed paying its suppliers.

Meituan Days Payable Historical Data

The historical data trend for Meituan'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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Meituan Days Payable Chart

Meituan Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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34.17

41.31

35.82

39.20

41.45

Meituan Quarterly Data
	Apr18	Dec18	Jun19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															36.71	38.12	36.76	37.02	41.09

Competitive Comparison of Meituan's Days Payable

For the Internet Retail subindustry, Meituan'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.

Meituan's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meituan's Days Payable distribution charts can be found below:

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

Meituan 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.

Meituan'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
=	( (2492.836	+	3218.468)	/	2 )	/	25146.886	*	365
=	2855.652					/	25146.886	*	365
=	41.45

Meituan'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: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2924.047	+	3218.468)	/	2 )	/	6820.903	*	365 / 4
=	3071.2575					/	6820.903	*	365 / 4
=	41.09

Meituan Days Payable Related Terms

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Meituan (Meituan) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meituan (OTCPK:MPNGY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MPNGF:USA 03690:Hong Kong 9MD:Germany

Address

No. 4 Wang Jing East Road, Block B and C, Hengjiweiye Building, Chaoyang District, Beijing, CHN, 100102

Website

https://about.meituan.com

Meituan is the largest food delivery service in China, with a 70.7% share of the market in 2020 per the Chinese government. For the quarter-ended Sept. 30, 2021, the firm generated 54.2% of revenue from food delivery services, 17.7% from hotel booking, coupon sales, advertising, and 28.1% from new initiatives. In the long term, its new initiatives business may transform the company into an all-encompassing grocer and logistics business involving community group buying, nonfood delivery, and online grocery, overtaking food delivery as its main business.