Anxo Pharmaceutical Co (ROCO:6677) Days Payable : 51.34 (As of Dec. 2023)

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What is Anxo Pharmaceutical Co Days Payable?

Anxo Pharmaceutical Co's average Accounts Payable for the six months ended in Dec. 2023 was NT$80.6 Mil. Anxo Pharmaceutical Co's Cost of Goods Sold for the six months ended in Dec. 2023 was NT$286.7 Mil. Hence, Anxo Pharmaceutical Co's Days Payable for the six months ended in Dec. 2023 was 51.34.

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

ROCO:6677' s Days Payable Range Over the Past 10 Years
Min: 49.95 Med: 58.69 Max: 86.74
Current: 56.99

During the past 11 years, Anxo Pharmaceutical Co's highest Days Payable was 86.74. The lowest was 49.95. And the median was 58.69.

ROCO:6677's Days Payable is ranked worse than
69.22% of 978 companies
in the Drug Manufacturers industry
Industry Median: 86.975 vs ROCO:6677: 56.99

Anxo Pharmaceutical Co's Days Payable declined from Dec. 2022 (54.90) to Dec. 2023 (51.34). It may suggest that Anxo Pharmaceutical Co accelerated paying its suppliers.

Anxo Pharmaceutical Co Days Payable Historical Data

The historical data trend for Anxo Pharmaceutical 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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Anxo Pharmaceutical Co Days Payable Chart

Anxo Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

54.51

59.19

56.68

58.19

55.89

Anxo Pharmaceutical Co Semi-Annual Data
	Dec14	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													50.60	55.09	54.90	64.48	51.34

Competitive Comparison of Anxo Pharmaceutical Co's Days Payable

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

Anxo Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Anxo Pharmaceutical Co's Days Payable falls into.

Anxo Pharmaceutical 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.

Anxo Pharmaceutical 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
=	( (93.07	+	73.233)	/	2 )	/	543.01	*	365
=	83.1515					/	543.01	*	365
=	55.89

Anxo Pharmaceutical 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
=	( (88.065	+	73.233)	/	2 )	/	286.682	*	365 / 2
=	80.649					/	286.682	*	365 / 2
=	51.34

Anxo Pharmaceutical Co Days Payable Related Terms

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Anxo Pharmaceutical Co (ROCO:6677) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Anxo Pharmaceutical Co Ltd (ROCO:6677) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

8th Floor-3, Nanjing East Road, No. 206, Section 2, Taipei City, TWN

Website

http://www.anxo.com.tw

Anxo Pharmaceutical Co Ltd is a drug manufacturer. The company is engaged in developing drugs which include prescription medication and consumer healthcare medication. The products of the company include cardiovascular system medication, central nervous system medication, diabetes medication, infectious medicine, and dermatology medication.

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