Shenzhen Magic Design & Decoration Engineering Co (SZSE:002856) Days Payable : 440.84 (As of Mar. 2024)

View and export this data going back to 2017. Start your Free Trial

What is Shenzhen Magic Design & Decoration Engineering Co Days Payable?

Shenzhen Magic Design & Decoration Engineering Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥919.6 Mil. Shenzhen Magic Design & Decoration Engineering Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥190.4 Mil. Hence, Shenzhen Magic Design & Decoration Engineering Co's Days Payable for the three months ended in Mar. 2024 was 440.84.

The historical rank and industry rank for Shenzhen Magic Design & Decoration Engineering Co's Days Payable or its related term are showing as below:

SZSE:002856' s Days Payable Range Over the Past 10 Years
Min: 171.52 Med: 202.91 Max: 384.44
Current: 325.73

During the past 13 years, Shenzhen Magic Design & Decoration Engineering Co's highest Days Payable was 384.44. The lowest was 171.52. And the median was 202.91.

SZSE:002856's Days Payable is ranked better than
90.74% of 1599 companies
in the Construction industry
Industry Median: 75.97 vs SZSE:002856: 325.73

Shenzhen Magic Design & Decoration Engineering Co's Days Payable declined from Mar. 2023 (651.74) to Mar. 2024 (440.84). It may suggest that Shenzhen Magic Design & Decoration Engineering Co accelerated paying its suppliers.

Shenzhen Magic Design & Decoration Engineering Co Days Payable Historical Data

The historical data trend for Shenzhen Magic Design & Decoration Engineering 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.

* Premium members only.

Shenzhen Magic Design & Decoration Engineering Co Days Payable Chart

Shenzhen Magic Design & Decoration Engineering Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

231.15

174.73

281.37

171.52

384.44

Shenzhen Magic Design & Decoration Engineering 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															651.74	366.23	298.82	258.60	440.84

Competitive Comparison of Shenzhen Magic Design & Decoration Engineering Co's Days Payable

For the Engineering & Construction subindustry, Shenzhen Magic Design & Decoration Engineering 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.

Shenzhen Magic Design & Decoration Engineering Co's Days Payable Distribution in the Construction Industry

For the Construction industry and Industrials sector, Shenzhen Magic Design & Decoration Engineering Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Magic Design & Decoration Engineering Co's Days Payable falls into.

Shenzhen Magic Design & Decoration Engineering 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.

Shenzhen Magic Design & Decoration Engineering 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
=	( (972.667	+	969.124)	/	2 )	/	921.801	*	365
=	970.8955					/	921.801	*	365
=	384.44

Shenzhen Magic Design & Decoration Engineering 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
=	( (969.124	+	870.116)	/	2 )	/	190.353	*	365 / 4
=	919.62					/	190.353	*	365 / 4
=	440.84

Shenzhen Magic Design & Decoration Engineering Co Days Payable Related Terms

Thank you for viewing the detailed overview of Shenzhen Magic Design & Decoration Engineering Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Shenzhen Magic Design & Decoration Engineering Co (SZSE:002856) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Shenzhen Magic Design & Decoration Engineering Co Ltd (SZSE:002856) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1 Ba Gua Si Lu, SunGang, Futian Qu, Bagua Four Research Building 7 1-6 layer, Guangdong Sheng, Shenzhen, CHN, 518040

Website

http://www.szmeizhi.com

Shenzhen Magic Design & Decoration Engineering Co Ltd is a China-based company engages in the provision of urban architectural construction services. Its business activities include architectural decoration, building curtain wall, building electromechanical, electronic and intelligent, mechanical and electrical equipment installation, fire protection facilities, landscaping and other professionalization.

Executives

Yang Shui Sen

Director

Shenzhen Magic Design & Decoration Engineering Co (SZSE:002856) Headlines

No Headlines