China Shineway Pharmaceutical Group (China Shineway Pharmaceutical Group) Days Payable : 150.56 (As of Dec. 2023)

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What is China Shineway Pharmaceutical Group Days Payable?

China Shineway Pharmaceutical Group's average Accounts Payable for the six months ended in Dec. 2023 was $61.0 Mil. China Shineway Pharmaceutical Group's Cost of Goods Sold for the six months ended in Dec. 2023 was $73.9 Mil. Hence, China Shineway Pharmaceutical Group's Days Payable for the six months ended in Dec. 2023 was 150.56.

The historical rank and industry rank for China Shineway Pharmaceutical Group's Days Payable or its related term are showing as below:

CSWYF' s Days Payable Range Over the Past 10 Years
Min: 87.02 Med: 109.01 Max: 130.08
Current: 128.67

During the past 13 years, China Shineway Pharmaceutical Group's highest Days Payable was 130.08. The lowest was 87.02. And the median was 109.01.

CSWYF's Days Payable is ranked better than
69.81% of 977 companies
in the Drug Manufacturers industry
Industry Median: 87.27 vs CSWYF: 128.67

China Shineway Pharmaceutical Group's Days Payable increased from Dec. 2022 (98.96) to Dec. 2023 (150.56). It may suggest that China Shineway Pharmaceutical Group delayed paying its suppliers.

China Shineway Pharmaceutical Group Days Payable Historical Data

The historical data trend for China Shineway Pharmaceutical 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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China Shineway Pharmaceutical Group Days Payable Chart

China Shineway Pharmaceutical Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

102.43

93.19

87.24

100.77

130.24

China Shineway Pharmaceutical Group Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															83.89	90.69	98.96	108.04	150.56

Competitive Comparison of China Shineway Pharmaceutical Group's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, China Shineway Pharmaceutical 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.

China Shineway Pharmaceutical Group's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, China Shineway Pharmaceutical Group's Days Payable distribution charts can be found below:

* The bar in red indicates where China Shineway Pharmaceutical Group's Days Payable falls into.

China Shineway Pharmaceutical 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.

China Shineway Pharmaceutical 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
=	( (44.285	+	67.896)	/	2 )	/	157.198	*	365
=	56.0905					/	157.198	*	365
=	130.24

China Shineway Pharmaceutical Group's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (54.042	+	67.896)	/	2 )	/	73.904	*	365 / 2
=	60.969					/	73.904	*	365 / 2
=	150.56

China Shineway Pharmaceutical Group Days Payable Related Terms

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China Shineway Pharmaceutical Group (China Shineway Pharmaceutical Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » China Shineway Pharmaceutical Group Ltd (OTCPK:CSWYF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

02877:Hong Kong C1S:Germany

Address

Luan Cheng, Hebei Province, Shijiazhuang, CHN

Website

http://www.shineway.com.hk

China Shineway Pharmaceutical Group Ltd is an investment holding company in the People's Republic of China. Principally, it is engaged in the research, development, manufacturing, and trading of modern Chinese medicines. The company's products comprise injection, soft capsule, granule, and others of which injection generates maximum revenue to the company.

China Shineway Pharmaceutical Group (China Shineway Pharmaceutical Group) Headlines

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