Betta Pharmaceuticals Co (SZSE:300558) Days Payable : 522.54 (As of Mar. 2024)

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What is Betta Pharmaceuticals Co Days Payable?

Betta Pharmaceuticals Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥736 Mil. Betta Pharmaceuticals Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥129 Mil. Hence, Betta Pharmaceuticals Co's Days Payable for the three months ended in Mar. 2024 was 522.54.

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

SZSE:300558' s Days Payable Range Over the Past 10 Years
Min: 118.28 Med: 545.91 Max: 820.37
Current: 470.15

During the past 13 years, Betta Pharmaceuticals Co's highest Days Payable was 820.37. The lowest was 118.28. And the median was 545.91.

SZSE:300558's Days Payable is ranked better than
93.22% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs SZSE:300558: 470.15

Betta Pharmaceuticals Co's Days Payable declined from Mar. 2023 (617.17) to Mar. 2024 (522.54). It may suggest that Betta Pharmaceuticals Co accelerated paying its suppliers.

Betta Pharmaceuticals Co Days Payable Historical Data

The historical data trend for Betta Pharmaceuticals 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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Betta Pharmaceuticals Co Days Payable Chart

Betta Pharmaceuticals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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521.83

297.17

569.99

694.29

627.67

Betta Pharmaceuticals 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															617.17	362.60	526.59	504.30	522.54

Competitive Comparison of Betta Pharmaceuticals Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Betta Pharmaceuticals 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.

Betta Pharmaceuticals Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Betta Pharmaceuticals Co's Days Payable falls into.

Betta Pharmaceuticals 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.

Betta Pharmaceuticals 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
=	( (591.011	+	800.118)	/	2 )	/	404.482	*	365
=	695.5645					/	404.482	*	365
=	627.67

Betta Pharmaceuticals 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
=	( (800.118	+	672.076)	/	2 )	/	128.543	*	365 / 4
=	736.097					/	128.543	*	365 / 4
=	522.54

Betta Pharmaceuticals Co Days Payable Related Terms

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Betta Pharmaceuticals Co (SZSE:300558) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Betta Pharmaceuticals Co Ltd (SZSE:300558) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.355, Xingzhong Road, Yuhang Economic and Technological Development Zone, Zhejiang Province, Hangzhou, CHN

Website

http://www.bettapharma.com

Betta Pharmaceuticals Co Ltd is a hi-tech pharmaceutical enterprise focuses on research and development of innovative medicines. The company's drug is used for various diseases such as malignant tumors, diabetes, and cardio-cerebrovascular disease. Further, it offers Icotinib hydrochloride, an orally administered small-molecule and a reversible tyrosine kinase inhibitor, which is used for the treatment of non-small-cell lung cancer. Geographically, the group operates through China.

Betta Pharmaceuticals Co (SZSE:300558) Headlines

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