CSPC Pharmaceutical Group (CSPC Pharmaceutical Group) Days Payable

: 98.54 (As of Sep. 2023)

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CSPC Pharmaceutical Group's average Accounts Payable for the three months ended in Sep. 2023 was $330 Mil. CSPC Pharmaceutical Group's Cost of Goods Sold for the three months ended in Sep. 2023 was $306 Mil. Hence, CSPC Pharmaceutical Group's Days Payable for the three months ended in Sep. 2023 was 98.54.

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

CHJTF' s Days Payable Range Over the Past 10 Years
Min: 66.41 Med: 78.13 Max: 141.06
Current: 94.58

During the past 13 years, CSPC Pharmaceutical Group's highest Days Payable was 141.06. The lowest was 66.41. And the median was 78.13.

CHJTF's Days Payable is ranked better than
54.5% of 978 companies
in the Drug Manufacturers industry
Industry Median: 86.385 vs CHJTF: 94.58

CSPC Pharmaceutical Group's Days Payable increased from Sep. 2022 (80.16) to Sep. 2023 (98.54). It may suggest that CSPC Pharmaceutical Group delayed paying its suppliers.

CSPC Pharmaceutical Group Days Payable Historical Data

The historical data trend for CSPC 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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CSPC Pharmaceutical Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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140.37

75.02

76.77

79.60

96.44

CSPC Pharmaceutical Group Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															80.90	71.53	93.43	98.54	117.84

Competitive Comparison

For the Drug Manufacturers - General subindustry, CSPC 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.

CSPC Pharmaceutical Group Days Payable Distribution

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

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

CSPC 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.

CSPC Pharmaceutical Group's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (254.756	+	288.318)	/	2 )	/	1245.104	*	365
=	271.537					/	1245.104	*	365
=	79.60

CSPC Pharmaceutical Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (329.997	+	0)	/	1 )	/	305.595	*	365 / 4
=	329.997					/	305.595	*	365 / 4
=	98.54

CSPC Pharmaceutical Group Days Payable Related Terms

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CSPC Pharmaceutical Group (CSPC Pharmaceutical Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » CSPC Pharmaceutical Group Ltd (OTCPK:CHJTF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CSPCY:USA 01093:Hong Kong CVG:Germany

Address

No. 226 Huanghe Street, Hebei Province, Shijiazhuang, CHN, 050035

Website

https://www.cspc.com.hk

CSPC Pharmaceutical Group listed on the Hong Kong Stock Exchange in 1994 and is one of the largest pharmaceutical companies in China. Its biggest business segment is the finished drugs segment which accounts for nearly 80% of its total revenue. Now it has a diversified pipeline portfolio in seven therapeutic areas including nervous system diseases, oncology, anti-infective to cardiovascular disease, respiratory system disease, and metabolism. CSPC also has a bulk drug product segment including vitamin C, antibiotics, and a caffeine series.

CSPC Pharmaceutical Group (CSPC Pharmaceutical Group) Headlines

From GuruFocus

Value Partners Classic Fund Comments on CSPC Pharmaceutical

By Vera Yuan Vera Yuan • 07-29-2014