Zhejiang Huahai Pharmaceutical Co (SHSE:600521) Days Payable : 125.79 (As of Mar. 2024)

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What is Zhejiang Huahai Pharmaceutical Co Days Payable?

Zhejiang Huahai Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,387 Mil. Zhejiang Huahai Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,006 Mil. Hence, Zhejiang Huahai Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 125.79.

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

SHSE:600521' s Days Payable Range Over the Past 10 Years
Min: 105.38 Med: 120.43 Max: 143.71
Current: 139.86

During the past 13 years, Zhejiang Huahai Pharmaceutical Co's highest Days Payable was 143.71. The lowest was 105.38. And the median was 120.43.

SHSE:600521's Days Payable is ranked better than
73% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs SHSE:600521: 139.86

Zhejiang Huahai Pharmaceutical Co's Days Payable declined from Mar. 2023 (129.37) to Mar. 2024 (125.79). It may suggest that Zhejiang Huahai Pharmaceutical Co accelerated paying its suppliers.

Zhejiang Huahai Pharmaceutical Co Days Payable Historical Data

The historical data trend for Zhejiang Huahai 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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Zhejiang Huahai Pharmaceutical Co Days Payable Chart

Zhejiang Huahai Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

106.39

114.12

121.96

122.28

143.71

Zhejiang Huahai 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															129.37	130.91	143.78	168.51	125.79

Competitive Comparison of Zhejiang Huahai Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Huahai 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.

Zhejiang Huahai Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Zhejiang Huahai Pharmaceutical Co's Days Payable falls into.

Zhejiang Huahai 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.

Zhejiang Huahai 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
=	( (1202.616	+	1386.756)	/	2 )	/	3288.338	*	365
=	1294.686					/	3288.338	*	365
=	143.71

Zhejiang Huahai 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
=	( (1386.756	+	1386.892)	/	2 )	/	1006.059	*	365 / 4
=	1386.824					/	1006.059	*	365 / 4
=	125.79

Zhejiang Huahai Pharmaceutical Co Days Payable Related Terms

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Zhejiang Huahai Pharmaceutical Co (SHSE:600521) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Huahai Pharmaceutical Co Ltd (SHSE:600521) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Economic Development Zone, Xunqiao Town, Linhai, Taizhou, Zhejiang, CHN, 317024

Website

http://www.huahaipharm.com

Zhejiang Huahai Pharmaceutical Co Ltd provides formulations, active pharmaceutical ingredients, and intermediates in China and internationally. The company also offers pril products, including captopril, enalapril, and lisinopril.

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