Mega-info Media Co (SZSE:301102) Days Payable : 29.61 (As of Mar. 2024)

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What is Mega-info Media Co Days Payable?

Mega-info Media Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥36.0 Mil. Mega-info Media Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥111.0 Mil. Hence, Mega-info Media Co's Days Payable for the three months ended in Mar. 2024 was 29.61.

The historical rank and industry rank for Mega-info Media Co's Days Payable or its related term are showing as below:

SZSE:301102' s Days Payable Range Over the Past 10 Years
Min: 30.41 Med: 48.97 Max: 82.29
Current: 35.03

During the past 7 years, Mega-info Media Co's highest Days Payable was 82.29. The lowest was 30.41. And the median was 48.97.

SZSE:301102's Days Payable is ranked worse than
75.59% of 926 companies
in the Media - Diversified industry
Industry Median: 79.395 vs SZSE:301102: 35.03

Mega-info Media Co's Days Payable declined from Mar. 2023 (38.29) to Mar. 2024 (29.61). It may suggest that Mega-info Media Co accelerated paying its suppliers.

Mega-info Media Co Days Payable Historical Data

The historical data trend for Mega-info Media 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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Mega-info Media Co Days Payable Chart

Mega-info Media Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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66.32

48.97

36.63

35.98

30.41

Mega-info Media Co Quarterly Data
	Dec17	Dec18	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															38.29	42.63	39.21	30.32	29.61

Competitive Comparison of Mega-info Media Co's Days Payable

For the Advertising Agencies subindustry, Mega-info Media 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.

Mega-info Media Co's Days Payable Distribution in the Media - Diversified Industry

For the Media - Diversified industry and Communication Services sector, Mega-info Media Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Mega-info Media Co's Days Payable falls into.

Mega-info Media 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.

Mega-info Media 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
=	( (29.406	+	28.356)	/	2 )	/	346.697	*	365
=	28.881					/	346.697	*	365
=	30.41

Mega-info Media 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
=	( (28.356	+	43.667)	/	2 )	/	110.965	*	365 / 4
=	36.0115					/	110.965	*	365 / 4
=	29.61

Mega-info Media Co Days Payable Related Terms

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Mega-info Media Co (SZSE:301102) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Mega-info Media Co Ltd (SZSE:301102) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Avenu, Room 1036, Huaying Building, Airport Economic Zone, Tianjin, CHN, 300308

Website

http://www.zhaoxunmedia.com

Mega-info Media Co Ltd is engaged in the development, operation and advertising of high-speed rail digital media resources.

Mega-info Media Co (SZSE:301102) Headlines

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