Jiangsu Cowin Biotech Co (SHSE:688426) Days Payable : 308.50 (As of Mar. 2024)

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What is Jiangsu Cowin Biotech Co Days Payable?

Jiangsu Cowin Biotech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥41.0 Mil. Jiangsu Cowin Biotech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥12.1 Mil. Hence, Jiangsu Cowin Biotech Co's Days Payable for the three months ended in Mar. 2024 was 308.50.

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

SHSE:688426' s Days Payable Range Over the Past 10 Years
Min: 34.59 Med: 54.45 Max: 336.19
Current: 336.19

During the past 6 years, Jiangsu Cowin Biotech Co's highest Days Payable was 336.19. The lowest was 34.59. And the median was 54.45.

SHSE:688426's Days Payable is ranked better than
70.36% of 722 companies
in the Biotechnology industry
Industry Median: 148.145 vs SHSE:688426: 336.19

Jiangsu Cowin Biotech Co's Days Payable increased from Mar. 2023 (131.77) to Mar. 2024 (308.50). It may suggest that Jiangsu Cowin Biotech Co delayed paying its suppliers.

Jiangsu Cowin Biotech Co Days Payable Historical Data

The historical data trend for Jiangsu Cowin Biotech 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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Jiangsu Cowin Biotech Co Days Payable Chart

Jiangsu Cowin Biotech Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

51.18

34.59

46.86

71.89

275.80

Jiangsu Cowin Biotech Co Quarterly Data
	Dec18	Dec19	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial											131.77	307.12	744.44	287.82	308.50

Competitive Comparison of Jiangsu Cowin Biotech Co's Days Payable

For the Biotechnology subindustry, Jiangsu Cowin Biotech 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.

Jiangsu Cowin Biotech Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Jiangsu Cowin Biotech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Jiangsu Cowin Biotech Co's Days Payable falls into.

Jiangsu Cowin Biotech 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.

Jiangsu Cowin Biotech 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
=	( (44.07	+	47.534)	/	2 )	/	60.615	*	365
=	45.802					/	60.615	*	365
=	275.80

Jiangsu Cowin Biotech 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
=	( (47.534	+	34.457)	/	2 )	/	12.126	*	365 / 4
=	40.9955					/	12.126	*	365 / 4
=	308.50

Jiangsu Cowin Biotech Co Days Payable Related Terms

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Jiangsu Cowin Biotech Co (SHSE:688426) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Jiangsu Cowin Biotech Co Ltd (SHSE:688426) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1 Yaocheng Avenue, 4th Floor, TQB Building, Jiangsu Province, Taizhou, CHN, 225300

Website

https://www.cwbio.com

Jiangsu Cowin Biotech Co Ltd is a national high-tech enterprise with independent intellectual property rights based in the field of life sciences. It provides innovative biological products and services to in vitro diagnostic users. The product line mainly includes molecular diagnostic raw materials enzymes, nucleic acid collection and protection agents, nucleic acid extraction kits, molecular diagnostic detection reagents and others.

Executives

Yin Jian Feng	Director
Zhuang Zhi Hua	Directors, senior managers

Jiangsu Cowin Biotech Co (SHSE:688426) Headlines

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