Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Days Payable : 82.26 (As of Dec. 2023)

View and export this data going back to 2022. Start your Free Trial

What is Meihua International Medical Technologies Co Days Payable?

Meihua International Medical Technologies Co's average Accounts Payable for the six months ended in Dec. 2023 was $14.82 Mil. Meihua International Medical Technologies Co's Cost of Goods Sold for the six months ended in Dec. 2023 was $32.88 Mil. Hence, Meihua International Medical Technologies Co's Days Payable for the six months ended in Dec. 2023 was 82.26.

The historical rank and industry rank for Meihua International Medical Technologies Co's Days Payable or its related term are showing as below:

MHUA' s Days Payable Range Over the Past 10 Years
Min: 72.05 Med: 91.16 Max: 104.04
Current: 87.09

During the past 5 years, Meihua International Medical Technologies Co's highest Days Payable was 104.04. The lowest was 72.05. And the median was 91.16.

MHUA's Days Payable is ranked better than
58.52% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs MHUA: 87.09

Meihua International Medical Technologies Co's Days Payable declined from Dec. 2022 (91.42) to Dec. 2023 (82.26). It may suggest that Meihua International Medical Technologies Co accelerated paying its suppliers.

Meihua International Medical Technologies Co Days Payable Historical Data

The historical data trend for Meihua International Medical Technologies 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.

Meihua International Medical Technologies Co Days Payable Chart

Meihua International Medical Technologies Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

72.05

87.90

104.04

103.71

91.16

Meihua International Medical Technologies Co Semi-Annual Data
	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial				99.47	97.46	91.42	88.01	82.26

Competitive Comparison of Meihua International Medical Technologies Co's Days Payable

For the Medical Instruments & Supplies subindustry, Meihua International Medical Technologies 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.

Meihua International Medical Technologies Co's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Meihua International Medical Technologies Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Meihua International Medical Technologies Co's Days Payable falls into.

Meihua International Medical Technologies 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.

Meihua International Medical Technologies 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
=	( (16.096	+	15.822)	/	2 )	/	63.901	*	365
=	15.959					/	63.901	*	365
=	91.16

Meihua International Medical Technologies Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (13.82	+	15.822)	/	2 )	/	32.881	*	365 / 2
=	14.821					/	32.881	*	365 / 2
=	82.26

Meihua International Medical Technologies Co Days Payable Related Terms

Thank you for viewing the detailed overview of Meihua International Medical Technologies Co's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Meihua International Medical Technologies Co (Meihua International Medical Technologies Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Meihua International Medical Technologies Co Ltd (NAS:MHUA) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

88 Tongda Road, Touqiao Town, Guangling District, Yangzhou, CHN, 225000

Website

http://www.meihuamed.com

Meihua International Medical Technologies Co Ltd is engaged in providing disposable medical devices. It serves hospitals, pharmacies, medical institutions, and medical equipment companies. Its product offerings include a Disposable Medical mask, Disposable ID Bracelet, Disposable Artificial Anal bag, Disposable Catheter, and Electonic pump among others.