China Resources Medical Holdings Co (HKSE:01515) Days Payable : 76.08 (As of Dec. 2023)

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What is China Resources Medical Holdings Co Days Payable?

China Resources Medical Holdings Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$1,905 Mil. China Resources Medical Holdings Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$4,569 Mil. Hence, China Resources Medical Holdings Co's Days Payable for the six months ended in Dec. 2023 was 76.08.

The historical rank and industry rank for China Resources Medical Holdings Co's Days Payable or its related term are showing as below:

HKSE:01515' s Days Payable Range Over the Past 10 Years
Min: 59.88 Med: 70.15 Max: 77.93
Current: 77.93

During the past 12 years, China Resources Medical Holdings Co's highest Days Payable was 77.93. The lowest was 59.88. And the median was 70.15.

HKSE:01515's Days Payable is ranked better than
60.88% of 588 companies
in the Healthcare Providers & Services industry
Industry Median: 61.605 vs HKSE:01515: 77.93

China Resources Medical Holdings Co's Days Payable increased from Dec. 2022 (61.08) to Dec. 2023 (76.08). It may suggest that China Resources Medical Holdings Co delayed paying its suppliers.

China Resources Medical Holdings Co Days Payable Historical Data

The historical data trend for China Resources Medical Holdings 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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China Resources Medical Holdings Co Days Payable Chart

China Resources Medical Holdings Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

63.40

68.25

71.35

73.10

77.93

China Resources Medical Holdings Co 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															58.62	61.76	61.08	79.85	76.08

Competitive Comparison of China Resources Medical Holdings Co's Days Payable

For the Medical Care Facilities subindustry, China Resources Medical Holdings 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.

China Resources Medical Holdings Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, China Resources Medical Holdings Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Resources Medical Holdings Co's Days Payable falls into.

China Resources Medical Holdings 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.

China Resources Medical Holdings 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
=	( (1936.715	+	1893.873)	/	2 )	/	8970.806	*	365
=	1915.294					/	8970.806	*	365
=	77.93

China Resources Medical Holdings Co'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
=	( (1915.32	+	1893.873)	/	2 )	/	4568.618	*	365 / 2
=	1904.5965					/	4568.618	*	365 / 2
=	76.08

China Resources Medical Holdings Co Days Payable Related Terms

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China Resources Medical Holdings Co (HKSE:01515) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » China Resources Medical Holdings Co Ltd (HKSE:01515) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

1PH:Germany

Address

No. 9, Fuyi Street, 14th Floor, Kunlun Center Office Building, Fengtai District, Beijing, CHN, 100069

Website

http://www.crmedical.hk

China Resources Medical Holdings Co Ltd provides a full spectrum of general healthcare services, hospital management services, and also group purchasing organization business and other derived business from hospitals in Mainland China. The group has three operating segments: Self-owned hospitals, IOT/operate-transfer, and Others. The self-owned hospitals segment which generates the majority of revenue is engaged in the provision of out-patient and in-patient services by the consolidated hospitals. IOT/operate-transfer hospitals segment engages in the provision of services to IOT hospitals and OT hospitals. Others segment engages in the provision of services to other kinds of clients.

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