Maiquer Group Co (SZSE:002719) Days Payable : 313.94 (As of Mar. 2024)

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What is Maiquer Group Co Days Payable?

Maiquer Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥448.7 Mil. Maiquer Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥130.4 Mil. Hence, Maiquer Group Co's Days Payable for the three months ended in Mar. 2024 was 313.94.

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

SZSE:002719' s Days Payable Range Over the Past 10 Years
Min: 89.73 Med: 110.35 Max: 263.87
Current: 263.34

During the past 13 years, Maiquer Group Co's highest Days Payable was 263.87. The lowest was 89.73. And the median was 110.35.

SZSE:002719's Days Payable is ranked better than
98.68% of 304 companies
in the Retail - Defensive industry
Industry Median: 44.25 vs SZSE:002719: 263.34

Maiquer Group Co's Days Payable increased from Mar. 2023 (262.86) to Mar. 2024 (313.94). It may suggest that Maiquer Group Co delayed paying its suppliers.

Maiquer Group Co Days Payable Historical Data

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

Maiquer Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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115.41

95.22

89.73

139.89

263.87

Maiquer 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															262.86	244.57	232.25	276.96	313.94

Competitive Comparison of Maiquer Group Co's Days Payable

For the Food Distribution subindustry, Maiquer 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.

Maiquer Group Co's Days Payable Distribution in the Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Maiquer Group Co's Days Payable distribution charts can be found below:

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

Maiquer 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.

Maiquer 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
=	( (391.956	+	450.553)	/	2 )	/	582.707	*	365
=	421.2545					/	582.707	*	365
=	263.87

Maiquer 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
=	( (450.553	+	446.889)	/	2 )	/	130.424	*	365 / 4
=	448.721					/	130.424	*	365 / 4
=	313.94

Maiquer Group Co Days Payable Related Terms

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Maiquer Group Co (SZSE:002719) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Retail - Defensive » Maiquer Group Co Ltd (SZSE:002719) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Maiquer Avenue, Changji, CHN, 831100

Website

http://www.maiquer.com

Maiquer Group Co Ltd is a food processing enterprise which manufactures, distributes baking dairy products and baked goods which include bread, and cakes. It also sale festive foods, frozen drinks and other products. Dairy products include sterilization Milk, brewed milk, milk-containing beverages and fermented milk. It has four series of products; baked goods including bread, cakes, Chinese and Western cakes, moon cakes and other products.

Executives

Wang Yi Jin	Director
Xia Dong Min	Supervisors

Maiquer Group Co (SZSE:002719) Headlines

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