Inner Mongolia Grand Pharmaceutical Co (BJSE:836433) Days Payable : 639.09 (As of Mar. 2024)

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What is Inner Mongolia Grand Pharmaceutical Co Days Payable?

Inner Mongolia Grand Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥58.1 Mil. Inner Mongolia Grand Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥8.3 Mil. Hence, Inner Mongolia Grand Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 639.09.

The historical rank and industry rank for Inner Mongolia Grand Pharmaceutical Co's Days Payable or its related term are showing as below:

BJSE:836433' s Days Payable Range Over the Past 10 Years
Min: 53.87 Med: 75.13 Max: 320.29
Current: 255.7

During the past 11 years, Inner Mongolia Grand Pharmaceutical Co's highest Days Payable was 320.29. The lowest was 53.87. And the median was 75.13.

BJSE:836433's Days Payable is ranked better than
87.36% of 973 companies
in the Drug Manufacturers industry
Industry Median: 89.33 vs BJSE:836433: 255.70

Inner Mongolia Grand Pharmaceutical Co's Days Payable increased from Mar. 2023 (75.49) to Mar. 2024 (639.09). It may suggest that Inner Mongolia Grand Pharmaceutical Co delayed paying its suppliers.

Inner Mongolia Grand Pharmaceutical Co Days Payable Historical Data

The historical data trend for Inner Mongolia Grand Pharmaceutical 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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Inner Mongolia Grand Pharmaceutical Co Days Payable Chart

Inner Mongolia Grand Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.21

66.21

109.66

161.48

320.29

Inner Mongolia Grand Pharmaceutical 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															75.49	45.10	261.31	430.56	639.09

Competitive Comparison of Inner Mongolia Grand Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Inner Mongolia Grand Pharmaceutical 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.

Inner Mongolia Grand Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Inner Mongolia Grand Pharmaceutical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Inner Mongolia Grand Pharmaceutical Co's Days Payable falls into.

Inner Mongolia Grand Pharmaceutical 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.

Inner Mongolia Grand Pharmaceutical 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
=	( (19.444	+	74.996)	/	2 )	/	53.812	*	365
=	47.22					/	53.812	*	365
=	320.29

Inner Mongolia Grand Pharmaceutical 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
=	( (74.996	+	41.28)	/	2 )	/	8.301	*	365 / 4
=	58.138					/	8.301	*	365 / 4
=	639.09

Inner Mongolia Grand Pharmaceutical Co Days Payable Related Terms

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Inner Mongolia Grand Pharmaceutical Co (BJSE:836433) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Inner Mongolia Grand Pharmaceutical Co Ltd (BJSE:836433) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Wuwei Road, 2nd Floor, Administration Building, Ruyi Development Zone, Inner Mongolia Autonomous Region, Hohhot, CHN, 010010

Website

http://www.nmdt.com.cn

Inner Mongolia Grand Pharmaceutical Co Ltd is a pharmaceutical enterprise integrating the development of Mongolian medicine resources. It engages in the research and development, production and sales of special specialty medicines and general health products. The company's main business is the research and development and production of Chinese patent medicines (including ethnic medicines) and chemical preparations and sales.

Inner Mongolia Grand Pharmaceutical Co (BJSE:836433) Headlines

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