Changchun High and New Technology Industry Group (SZSE:000661) Days Payable : 129.96 (As of Mar. 2024)

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What is Changchun High and New Technology Industry Group Days Payable?

Changchun High and New Technology Industry Group's average Accounts Payable for the three months ended in Mar. 2024 was ¥750 Mil. Changchun High and New Technology Industry Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥527 Mil. Hence, Changchun High and New Technology Industry Group's Days Payable for the three months ended in Mar. 2024 was 129.96.

The historical rank and industry rank for Changchun High and New Technology Industry Group's Days Payable or its related term are showing as below:

SZSE:000661' s Days Payable Range Over the Past 10 Years
Min: 66.39 Med: 91.91 Max: 150.86
Current: 116.33

During the past 13 years, Changchun High and New Technology Industry Group's highest Days Payable was 150.86. The lowest was 66.39. And the median was 91.91.

SZSE:000661's Days Payable is ranked better than
64.79% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.34 vs SZSE:000661: 116.33

Changchun High and New Technology Industry Group's Days Payable declined from Mar. 2023 (161.62) to Mar. 2024 (129.96). It may suggest that Changchun High and New Technology Industry Group accelerated paying its suppliers.

Changchun High and New Technology Industry Group Days Payable Historical Data

The historical data trend for Changchun High and New Technology Industry Group'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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Changchun High and New Technology Industry Group Days Payable Chart

Changchun High and New Technology Industry Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81.48

98.25

128.48

150.86

126.75

Changchun High and New Technology Industry Group 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															161.62	142.08	74.53	183.53	129.96

Competitive Comparison of Changchun High and New Technology Industry Group's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Changchun High and New Technology Industry Group'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.

Changchun High and New Technology Industry Group's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Changchun High and New Technology Industry Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Changchun High and New Technology Industry Group's Days Payable falls into.

Changchun High and New Technology Industry Group 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.

Changchun High and New Technology Industry Group'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
=	( (628.52	+	791.065)	/	2 )	/	2043.95	*	365
=	709.7925					/	2043.95	*	365
=	126.75

Changchun High and New Technology Industry Group'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
=	( (791.065	+	708.815)	/	2 )	/	526.565	*	365 / 4
=	749.94					/	526.565	*	365 / 4
=	129.96

Changchun High and New Technology Industry Group Days Payable Related Terms

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Changchun High and New Technology Industry Group (SZSE:000661) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Changchun High and New Technology Industry Group Inc (SZSE:000661) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Number 2400, Tongzhi Street, 5th Floor, Torch Building, Jilin Province, Changchun, CHN

Website

http://www.cchn.com.cn

Changchun High and New Technology Industry Group Inc is engaged in the production and sales of bio-pharmaceuticals and proprietary Chinese medicines, supplemented by real estate development and property management.

Changchun High and New Technology Industry Group (SZSE:000661) Headlines

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