China Television Media (SHSE:600088) Days Payable : 55.82 (As of Mar. 2024)

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What is China Television Media Days Payable?

China Television Media's average Accounts Payable for the three months ended in Mar. 2024 was ¥56 Mil. China Television Media's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥91 Mil. Hence, China Television Media's Days Payable for the three months ended in Mar. 2024 was 55.82.

The historical rank and industry rank for China Television Media's Days Payable or its related term are showing as below:

SHSE:600088' s Days Payable Range Over the Past 10 Years
Min: 7.17 Med: 16.94 Max: 32.46
Current: 18.53

During the past 13 years, China Television Media's highest Days Payable was 32.46. The lowest was 7.17. And the median was 16.94.

SHSE:600088's Days Payable is ranked worse than
89.9% of 931 companies
in the Media - Diversified industry
Industry Median: 79.27 vs SHSE:600088: 18.53

China Television Media's Days Payable declined from Mar. 2023 (57.64) to Mar. 2024 (55.82). It may suggest that China Television Media accelerated paying its suppliers.

China Television Media Days Payable Historical Data

The historical data trend for China Television Media'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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China Television Media Days Payable Chart

China Television Media Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

18.80

8.69

8.09

22.52

32.46

China Television Media 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															57.64	41.09	23.87	7.29	55.82

Competitive Comparison of China Television Media's Days Payable

For the Entertainment subindustry, China Television Media'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.

China Television Media's Days Payable Distribution in the Media - Diversified Industry

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

* The bar in red indicates where China Television Media's Days Payable falls into.

China Television Media 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.

China Television Media'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
=	( (105.01	+	66.495)	/	2 )	/	964.264	*	365
=	85.7525					/	964.264	*	365
=	32.46

China Television Media'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
=	( (66.495	+	44.685)	/	2 )	/	90.869	*	365 / 4
=	55.59					/	90.869	*	365 / 4
=	55.82

China Television Media Days Payable Related Terms

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China Television Media (SHSE:600088) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » China Television Media Ltd (SHSE:600088) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 450 Fushan Road, 17F, Pudong, Shanghai, Shanghai, CHN, 200122

Website

http://www.ctv-media.com.cn

China Television Media Ltd is a China-based company engaged in the movies and televisions (TVs) businesses. The movies and TV-related businesses mainly include the development and operations of movies and TV bases, the producing and publishing of movies and TV dramas, among others. The company is also involved in the advertising businesses, as well as the movies and TV bases tourism businesses. The company is also engaged in the provision of related technology services through its subsidiaries.

Executives

Chou Jie Ming	Director
Xu Yi Ming	senior management
Pang Jian	Director

China Television Media (SHSE:600088) Headlines

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