Shenzhen Megmeet Electrical Co (SZSE:002851) Days Payable : 209.52 (As of Mar. 2024)

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What is Shenzhen Megmeet Electrical Co Days Payable?

Shenzhen Megmeet Electrical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,115 Mil. Shenzhen Megmeet Electrical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,357 Mil. Hence, Shenzhen Megmeet Electrical Co's Days Payable for the three months ended in Mar. 2024 was 209.52.

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

SZSE:002851' s Days Payable Range Over the Past 10 Years
Min: 201.13 Med: 217.14 Max: 257.19
Current: 206.82

During the past 13 years, Shenzhen Megmeet Electrical Co's highest Days Payable was 257.19. The lowest was 201.13. And the median was 217.14.

SZSE:002851's Days Payable is ranked better than
87.38% of 2923 companies
in the Industrial Products industry
Industry Median: 76.67 vs SZSE:002851: 206.82

Shenzhen Megmeet Electrical Co's Days Payable declined from Mar. 2023 (210.85) to Mar. 2024 (209.52). It may suggest that Shenzhen Megmeet Electrical Co accelerated paying its suppliers.

Shenzhen Megmeet Electrical Co Days Payable Historical Data

The historical data trend for Shenzhen Megmeet Electrical 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.

Shenzhen Megmeet Electrical Co Days Payable Chart

Shenzhen Megmeet Electrical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

204.06

257.19

247.89

221.27

213.00

Shenzhen Megmeet Electrical 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															210.85	201.26	222.27	201.27	209.52

Competitive Comparison of Shenzhen Megmeet Electrical Co's Days Payable

For the Specialty Industrial Machinery subindustry, Shenzhen Megmeet Electrical 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.

Shenzhen Megmeet Electrical Co's Days Payable Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Shenzhen Megmeet Electrical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Megmeet Electrical Co's Days Payable falls into.

Shenzhen Megmeet Electrical 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.

Shenzhen Megmeet Electrical 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
=	( (2644.266	+	3272.757)	/	2 )	/	5069.705	*	365
=	2958.5115					/	5069.705	*	365
=	213.00

Shenzhen Megmeet Electrical 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
=	( (3272.757	+	2957.145)	/	2 )	/	1356.638	*	365 / 4
=	3114.951					/	1356.638	*	365 / 4
=	209.52

Shenzhen Megmeet Electrical Co Days Payable Related Terms

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Shenzhen Megmeet Electrical Co (SZSE:002851) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Shenzhen Megmeet Electrical Co Ltd (SZSE:002851) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 13 Langshan Road, Tsinghua Unisplendour Technology Park, A, B, C501-503, D, E, 5th Floor, High-tech Zone, North District, Nanshan District, Guangdong Province, Shenzhen, CHN, 518057

Website

http://www.megmeet.com

Shenzhen Megmeet Electrical Co Ltd is a provider of industrial automation and power supply solutions. It operates in the areas of Industrial automation and control, Smart home appliances, and Custom power supplies. Industrial automation and control area includes motor drive, editable logic controller, new energy automotive motor drive, and industrial digital intelligent welding machine. Smart home appliances comprise flat panel display power supply, inverter air conditioner power converter, frequency conversion microwave oven power converter, and others. Custom power supplies include industrial microwave power, new energy vehicle power, electric power, LED color screen power supply, and others. The company has a business presence in China, and other international countries.

Executives

Tong Yong Sheng	Directors, executives
Zhang Zhi	Directors, executives
Wang Tao	Directors, executives
Wang Xue Fen	Director
Shen Chu Chun	Executives
Wang Yong Feng	Supervisors

Shenzhen Megmeet Electrical Co (SZSE:002851) Headlines

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