Jiangsu Hengrui Pharmaceuticals Co (SHSE:600276) Days Payable : 143.67 (As of Mar. 2024)

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What is Jiangsu Hengrui Pharmaceuticals Co Days Payable?

Jiangsu Hengrui Pharmaceuticals Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,484 Mil. Jiangsu Hengrui Pharmaceuticals Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥943 Mil. Hence, Jiangsu Hengrui Pharmaceuticals Co's Days Payable for the three months ended in Mar. 2024 was 143.67.

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

SHSE:600276' s Days Payable Range Over the Past 10 Years
Min: 98.57 Med: 163.69 Max: 210.43
Current: 161.28

During the past 13 years, Jiangsu Hengrui Pharmaceuticals Co's highest Days Payable was 210.43. The lowest was 98.57. And the median was 163.69.

SHSE:600276's Days Payable is ranked better than
78.2% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.23 vs SHSE:600276: 161.28

Jiangsu Hengrui Pharmaceuticals Co's Days Payable declined from Mar. 2023 (193.82) to Mar. 2024 (143.67). It may suggest that Jiangsu Hengrui Pharmaceuticals Co accelerated paying its suppliers.

Jiangsu Hengrui Pharmaceuticals Co Days Payable Historical Data

The historical data trend for Jiangsu Hengrui 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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Jiangsu Hengrui Pharmaceuticals Co Days Payable Chart

Jiangsu Hengrui Pharmaceuticals Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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168.62

148.35

179.75

210.43

169.69

Jiangsu Hengrui 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															193.82	167.42	160.26	166.95	143.67

Competitive Comparison of Jiangsu Hengrui Pharmaceuticals Co's Days Payable

For the Drug Manufacturers - General subindustry, Jiangsu Hengrui 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.

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

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

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

Jiangsu Hengrui 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.

Jiangsu Hengrui 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
=	( (1767.549	+	1510.329)	/	2 )	/	3525.248	*	365
=	1638.939					/	3525.248	*	365
=	169.69

Jiangsu Hengrui 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
=	( (1510.329	+	1458.601)	/	2 )	/	942.849	*	365 / 4
=	1484.465					/	942.849	*	365 / 4
=	143.67

Jiangsu Hengrui Pharmaceuticals Co Days Payable Related Terms

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Jiangsu Hengrui Pharmaceuticals Co (SHSE:600276) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jiangsu Hengrui Pharmaceuticals Co Ltd (SHSE:600276) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 38, Huanghe Road, Economic, Economic and Technological Development Zone, Jiangsu Province, Lianyugang, CHN, 222047

Website

http://www.hrs.com.cn

Jiangsu Hengrui Pharmaceuticals Co Ltd is engaged in the field of cancer treatment drugs, surgical medicines, endocrine therapy drugs, cardiovascular drugs and anti-infection medications. It specializes in the research and development of new medicines in areas of antineoplastics, endocrine system, cardiovascular, and the immune system.

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