Midea Group Co (SZSE:000333) Days Payable : 115.50 (As of Mar. 2024)

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What is Midea Group Co Days Payable?

Midea Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥97,611 Mil. Midea Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥77,115 Mil. Hence, Midea Group Co's Days Payable for the three months ended in Mar. 2024 was 115.50.

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

SZSE:000333' s Days Payable Range Over the Past 10 Years
Min: 97.38 Med: 120.91 Max: 132.04
Current: 119.9

During the past 13 years, Midea Group Co's highest Days Payable was 132.04. The lowest was 97.38. And the median was 120.91.

SZSE:000333's Days Payable is ranked better than
77.83% of 406 companies
in the Furnishings, Fixtures & Appliances industry
Industry Median: 66.98 vs SZSE:000333: 119.90

Midea Group Co's Days Payable increased from Mar. 2023 (108.79) to Mar. 2024 (115.50). It may suggest that Midea Group Co delayed paying its suppliers.

Midea Group Co Days Payable Historical Data

The historical data trend for Midea 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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Midea Group Co Days Payable Chart

Midea Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.71

125.03

124.77

132.04

122.80

Midea Group 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															108.79	104.87	117.05	145.95	115.50

Competitive Comparison of Midea Group Co's Days Payable

For the Furnishings, Fixtures & Appliances subindustry, Midea 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.

Midea Group Co's Days Payable Distribution in the Furnishings, Fixtures & Appliances Industry

For the Furnishings, Fixtures & Appliances industry and Consumer Cyclical sector, Midea Group Co's Days Payable distribution charts can be found below:

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

Midea 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.

Midea Group 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
=	( (89805.646	+	94238.073)	/	2 )	/	273516.605	*	365
=	92021.8595					/	273516.605	*	365
=	122.80

Midea Group 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
=	( (94238.073	+	100983.88)	/	2 )	/	77114.629	*	365 / 4
=	97610.9765					/	77114.629	*	365 / 4
=	115.50

Midea Group Co Days Payable Related Terms

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Midea Group Co (SZSE:000333) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Furnishings, Fixtures & Appliances » Midea Group Co Ltd (SZSE:000333) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 6 Midea Avenue, Beijiao Town, Midea Headquarters Building, Shunde District, Guangdong Province, Foshan, CHN, 528311

Website

http://www.midea.com

Midea Group Co., Ltd. is one of the largest household appliance manufacturers in China, producing air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most of the home appliance products. The firm is also involved in industrial automation systems through its 100% stake in Kuka, a leading global player in the industry based in Germany. Heating, ventilation, and air-conditioning, or HVAC, products accounted for 44% of Midea's total revenue in 2022, followed by other consumer appliances (36%) and robotics and automation systems (9%). In addition, more than 40% of the group's sales is ex-China.

Midea Group Co (SZSE:000333) Headlines

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