Meiwu Technology Co (Meiwu Technology Co) Days Payable : 106.23 (As of Jun. 2023)

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What is Meiwu Technology Co Days Payable?

Meiwu Technology Co's average Accounts Payable for the six months ended in Jun. 2023 was $4.79 Mil. Meiwu Technology Co's Cost of Goods Sold for the six months ended in Jun. 2023 was $8.23 Mil. Hence, Meiwu Technology Co's Days Payable for the six months ended in Jun. 2023 was 106.23.

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

WNW' s Days Payable Range Over the Past 10 Years
Min: 48.73 Med: 123.81 Max: 165.52
Current: 82.92

During the past 5 years, Meiwu Technology Co's highest Days Payable was 165.52. The lowest was 48.73. And the median was 123.81.

WNW's Days Payable is ranked better than
68.02% of 1082 companies
in the Retail - Cyclical industry
Industry Median: 56.675 vs WNW: 82.92

Meiwu Technology Co's Days Payable declined from Jun. 2022 (330.66) to Jun. 2023 (106.23). It may suggest that Meiwu Technology Co accelerated paying its suppliers.

Meiwu Technology Co Days Payable Historical Data

The historical data trend for Meiwu Technology 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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Meiwu Technology Co Days Payable Chart

Meiwu Technology Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

165.52

48.73

69.54

142.39

123.81

Meiwu Technology Co Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial					125.95	100.35	330.66	72.78	106.23

Competitive Comparison of Meiwu Technology Co's Days Payable

For the Internet Retail subindustry, Meiwu Technology 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.

Meiwu Technology Co's Days Payable Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Meiwu Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Meiwu Technology Co's Days Payable falls into.

Meiwu Technology 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.

Meiwu Technology Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (1.66	+	4.991)	/	2 )	/	9.804	*	365
=	3.3255					/	9.804	*	365
=	123.81

Meiwu Technology Co's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (4.991	+	4.588)	/	2 )	/	8.228	*	365 / 2
=	4.7895					/	8.228	*	365 / 2
=	106.23

Meiwu Technology Co Days Payable Related Terms

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Meiwu Technology Co (Meiwu Technology Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Meiwu Technology Co Ltd (NAS:WNW) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 743 Zhoushi Road, Hangcheng Street, 1602, Building C, Shenye Century Industrial Center, Bao’an District, Shenzhen, CHN

Website

https://www.wnw108.com

Meiwu Technology Co Ltd operates as an online food retail store and franchise restaurants in China. The products offered include green food, organic food, intangible cultural heritage food products, agricultural products bearing geographical indications, and pollution-free products. It operates in three segments: Clean Food Platform, which generates nearly all of its revenue; Restaurant; and Others.