MYS Group Co (SZSE:002303) Days Payable : 159.04 (As of Mar. 2024)

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What is MYS Group Co Days Payable?

MYS Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,055 Mil. MYS Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥605 Mil. Hence, MYS Group Co's Days Payable for the three months ended in Mar. 2024 was 159.04.

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

SZSE:002303' s Days Payable Range Over the Past 10 Years
Min: 132.08 Med: 159.79 Max: 186.33
Current: 140.53

During the past 13 years, MYS Group Co's highest Days Payable was 186.33. The lowest was 132.08. And the median was 159.79.

SZSE:002303's Days Payable is ranked better than
89.37% of 367 companies
in the Packaging & Containers industry
Industry Median: 59.64 vs SZSE:002303: 140.53

MYS Group Co's Days Payable declined from Mar. 2023 (163.81) to Mar. 2024 (159.04). It may suggest that MYS Group Co accelerated paying its suppliers.

MYS Group Co Days Payable Historical Data

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

MYS Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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186.33

172.30

159.64

132.08

159.93

MYS 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															163.81	128.99	128.86	150.89	159.04

Competitive Comparison of MYS Group Co's Days Payable

For the Packaging & Containers subindustry, MYS 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.

MYS Group Co's Days Payable Distribution in the Packaging & Containers Industry

For the Packaging & Containers industry and Consumer Cyclical sector, MYS Group Co's Days Payable distribution charts can be found below:

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

MYS 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.

MYS 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
=	( (1215.562	+	1086.066)	/	2 )	/	2626.507	*	365
=	1150.814					/	2626.507	*	365
=	159.93

MYS 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
=	( (1086.066	+	1024.504)	/	2 )	/	605.476	*	365 / 4
=	1055.285					/	605.476	*	365 / 4
=	159.04

MYS Group Co Days Payable Related Terms

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MYS Group Co (SZSE:002303) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Packaging & Containers » MYS Group Co Ltd (SZSE:002303) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Building A, Meiyingsen Factory, Guangming New Shantou Village, Guangming New District, Guangdong, Shenzhen, CHN, 518107

Website

http://www.szmys.com

MYS Group Co Ltd is mainly engaged in research and development, production and sales of light and heavy environmental packaging, electronic label and RFID products, and provides packaging product design, packaging solution optimization, third-party procurement and packaging product logistics and distribution, supplier inventory management, auxiliary packaging operations, Electronic tags and RFID solutions. The company's main customers cover electronic communications, smart terminals, food and beverage, health products, furniture and home, express delivery, new energy automotive industry chain, household appliances, machinery manufacturing and other industries.

Executives

Wang Hai Peng	Director
Wang Zhi Jun	Directors, executives
Zhang Zhen Yi	Directors, executives
Huang Lin	Directors, Directors, and Executives
Wang Hong Chan	Supervisors
Chen Suo Jun	Director

MYS Group Co (SZSE:002303) Headlines

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