Sichuan Goldstone Asia Pharmaceutical (SZSE:300434) Days Payable : 72.43 (As of Mar. 2024)

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What is Sichuan Goldstone Asia Pharmaceutical Days Payable?

Sichuan Goldstone Asia Pharmaceutical's average Accounts Payable for the three months ended in Mar. 2024 was ¥112 Mil. Sichuan Goldstone Asia Pharmaceutical's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥141 Mil. Hence, Sichuan Goldstone Asia Pharmaceutical's Days Payable for the three months ended in Mar. 2024 was 72.43.

The historical rank and industry rank for Sichuan Goldstone Asia Pharmaceutical's Days Payable or its related term are showing as below:

SZSE:300434' s Days Payable Range Over the Past 10 Years
Min: 31.76 Med: 65.96 Max: 132.66
Current: 132.66

During the past 13 years, Sichuan Goldstone Asia Pharmaceutical's highest Days Payable was 132.66. The lowest was 31.76. And the median was 65.96.

SZSE:300434's Days Payable is ranked better than
93.01% of 143 companies
in the Industrial Distribution industry
Industry Median: 53.56 vs SZSE:300434: 132.66

Sichuan Goldstone Asia Pharmaceutical's Days Payable declined from Mar. 2023 (88.14) to Mar. 2024 (72.43). It may suggest that Sichuan Goldstone Asia Pharmaceutical accelerated paying its suppliers.

Sichuan Goldstone Asia Pharmaceutical Days Payable Historical Data

The historical data trend for Sichuan Goldstone Asia Pharmaceutical'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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Sichuan Goldstone Asia Pharmaceutical Days Payable Chart

Sichuan Goldstone Asia Pharmaceutical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

63.19

71.21

67.00

70.24

83.59

Sichuan Goldstone Asia Pharmaceutical 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															88.14	185.34	219.99	120.41	72.43

Competitive Comparison of Sichuan Goldstone Asia Pharmaceutical's Days Payable

For the Industrial Distribution subindustry, Sichuan Goldstone Asia Pharmaceutical'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.

Sichuan Goldstone Asia Pharmaceutical's Days Payable Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Sichuan Goldstone Asia Pharmaceutical's Days Payable distribution charts can be found below:

* The bar in red indicates where Sichuan Goldstone Asia Pharmaceutical's Days Payable falls into.

Sichuan Goldstone Asia Pharmaceutical 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.

Sichuan Goldstone Asia Pharmaceutical'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
=	( (97.302	+	116.555)	/	2 )	/	466.915	*	365
=	106.9285					/	466.915	*	365
=	83.59

Sichuan Goldstone Asia Pharmaceutical'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
=	( (116.555	+	106.99)	/	2 )	/	140.823	*	365 / 4
=	111.7725					/	140.823	*	365 / 4
=	72.43

Sichuan Goldstone Asia Pharmaceutical Days Payable Related Terms

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Sichuan Goldstone Asia Pharmaceutical (SZSE:300434) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Distribution » Sichuan Goldstone Asia Pharmaceutical Inc (SZSE:300434) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

8 Jiayuan Road, 8th Floor, District A1, Dadi Xinguanghua Plaza, Chengdu, CHN, 610072

Website

http://www.goldstone-group.com

Sichuan Goldstone Asia Pharmaceutical Inc is engaged in development and application of steel-reinforced plastic composite pipe technology, providing customers with steel-reinforced plastic composite pipes from pipe structure, production process to construction technology. The company is also engaged in research and development, production and sales of medicines and health products.

Sichuan Goldstone Asia Pharmaceutical (SZSE:300434) Headlines

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