Simei Media Co (SZSE:002712) Days Payable : 8.96 (As of Mar. 2024)

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What is Simei Media Co Days Payable?

Simei Media Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥125 Mil. Simei Media Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,276 Mil. Hence, Simei Media Co's Days Payable for the three months ended in Mar. 2024 was 8.96.

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

SZSE:002712' s Days Payable Range Over the Past 10 Years
Min: 9.15 Med: 48 Max: 71.69
Current: 9.15

During the past 13 years, Simei Media Co's highest Days Payable was 71.69. The lowest was 9.15. And the median was 48.00.

SZSE:002712's Days Payable is ranked worse than
95.17% of 931 companies
in the Media - Diversified industry
Industry Median: 79.27 vs SZSE:002712: 9.15

Simei Media Co's Days Payable declined from Mar. 2023 (13.99) to Mar. 2024 (8.96). It may suggest that Simei Media Co accelerated paying its suppliers.

Simei Media Co Days Payable Historical Data

The historical data trend for Simei 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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Simei Media Co Days Payable Chart

Simei Media Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

71.69

48.11

25.06

19.19

10.75

Simei Media 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															13.99	9.76	8.04	9.24	8.96

Competitive Comparison of Simei Media Co's Days Payable

For the Advertising Agencies subindustry, Simei 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.

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

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

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

Simei 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.

Simei 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
=	( (161.904	+	152.289)	/	2 )	/	5333.448	*	365
=	157.0965					/	5333.448	*	365
=	10.75

Simei 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
=	( (152.289	+	98.328)	/	2 )	/	1276.107	*	365 / 4
=	125.3085					/	1276.107	*	365 / 4
=	8.96

Simei Media Co Days Payable Related Terms

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Simei Media Co (SZSE:002712) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Simei Media Co Ltd (SZSE:002712) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Lane 288, Tongxie Road, Block 8, CIFI Hongqiao International, Changning District, Shanghai, CHN

Website

http://www.simei.cc

Simei Media Co Ltd is a China based media company. It is engaged in media planning and agency services, and brand management services, outdoor advertising, digital marketing, content marketing and strategy research. The business divisions of the company are Simei Pictures, Simei Advertisement, Simei Technology, Simei Sports, Simei Innovation, and others. Through its subsidiaries, the company is also engaged in the field of digital media, online literature, tv production, content marketing and on-ground-events.

Executives

Yu Jun	Executives
Wang Xiu Juan	Supervisors
Chen Jing Bo	Executives
Pan Hai Qiang	Directors, Directors, and Executives
Zhou Dong	Securities Affairs Representative
Xu Xing Rong	Director
Zhang Guo Yun	Directors, executives
Huang Hao Ting	Directors, executives
Lv Shuang Yuan	Directors, executives

Simei Media Co (SZSE:002712) Headlines

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