MedSci Healthcare Holdings (HKSE:02415) Days Payable : 4.19 (As of Dec. 2023)

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What is MedSci Healthcare Holdings Days Payable?

MedSci Healthcare Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$1.7 Mil. MedSci Healthcare Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$76.0 Mil. Hence, MedSci Healthcare Holdings's Days Payable for the six months ended in Dec. 2023 was 4.19.

The historical rank and industry rank for MedSci Healthcare Holdings's Days Payable or its related term are showing as below:

HKSE:02415' s Days Payable Range Over the Past 10 Years
Min: 4.74 Med: 6.09 Max: 8.82
Current: 4.77

During the past 4 years, MedSci Healthcare Holdings's highest Days Payable was 8.82. The lowest was 4.74. And the median was 6.09.

HKSE:02415's Days Payable is ranked worse than
96.43% of 589 companies
in the Healthcare Providers & Services industry
Industry Median: 61.84 vs HKSE:02415: 4.77

MedSci Healthcare Holdings's Days Payable increased from Dec. 2022 (4.04) to Dec. 2023 (4.19). It may suggest that MedSci Healthcare Holdings delayed paying its suppliers.

MedSci Healthcare Holdings Days Payable Historical Data

The historical data trend for MedSci Healthcare Holdings'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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MedSci Healthcare Holdings Days Payable Chart

MedSci Healthcare Holdings Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Days Payable

8.82

6.59

4.74

5.59

MedSci Healthcare Holdings Semi-Annual Data
	Dec20	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial			-	5.63	4.04	4.56	4.19

Competitive Comparison of MedSci Healthcare Holdings's Days Payable

For the Health Information Services subindustry, MedSci Healthcare Holdings'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.

MedSci Healthcare Holdings's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, MedSci Healthcare Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where MedSci Healthcare Holdings's Days Payable falls into.

MedSci Healthcare Holdings 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.

MedSci Healthcare Holdings'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
=	( (2.197	+	2.244)	/	2 )	/	145.021	*	365
=	2.2205					/	145.021	*	365
=	5.59

MedSci Healthcare Holdings'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
=	( (1.247	+	2.244)	/	2 )	/	76.036	*	365 / 2
=	1.7455					/	76.036	*	365 / 2
=	4.19

MedSci Healthcare Holdings Days Payable Related Terms

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MedSci Healthcare Holdings (HKSE:02415) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » MedSci Healthcare Holdings Ltd (HKSE:02415) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 258, Xinzhuan Road, 18th Floor, Building 34, Songjiang District, Shanghai, CHN

Website

https://ir.medsci.cn

MedSci Healthcare Holdings Ltd is an investment holding company. It operates online professional physician platforms in China. The principal activities of the Company are the provision of physician platform solutions, precision omni-channel marketing solutions, and real-world study solutions in the People's Republic of China.

MedSci Healthcare Holdings (HKSE:02415) Headlines

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