Henan Lingrui Pharmaceutical Co (SHSE:600285) Days Payable : 28.88 (As of Mar. 2024)

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What is Henan Lingrui Pharmaceutical Co Days Payable?

Henan Lingrui Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥70 Mil. Henan Lingrui Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥222 Mil. Hence, Henan Lingrui Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 28.88.

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

SHSE:600285' s Days Payable Range Over the Past 10 Years
Min: 25.88 Med: 48.94 Max: 54.68
Current: 28.67

During the past 13 years, Henan Lingrui Pharmaceutical Co's highest Days Payable was 54.68. The lowest was 25.88. And the median was 48.94.

SHSE:600285's Days Payable is ranked worse than
90.8% of 978 companies
in the Drug Manufacturers industry
Industry Median: 86.975 vs SHSE:600285: 28.67

Henan Lingrui Pharmaceutical Co's Days Payable declined from Mar. 2023 (34.88) to Mar. 2024 (28.88). It may suggest that Henan Lingrui Pharmaceutical Co accelerated paying its suppliers.

Henan Lingrui Pharmaceutical Co Days Payable Historical Data

The historical data trend for Henan Lingrui 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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Henan Lingrui Pharmaceutical Co Days Payable Chart

Henan Lingrui Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

48.22

49.65

41.30

32.03

25.88

Henan Lingrui Pharmaceutical 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															34.88	28.45	31.19	24.31	28.88

Competitive Comparison of Henan Lingrui Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Henan Lingrui 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.

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

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

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

Henan Lingrui 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.

Henan Lingrui 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
=	( (68.021	+	57.378)	/	2 )	/	884.388	*	365
=	62.6995					/	884.388	*	365
=	25.88

Henan Lingrui Pharmaceutical 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
=	( (57.378	+	83.042)	/	2 )	/	221.833	*	365 / 4
=	70.21					/	221.833	*	365 / 4
=	28.88

Henan Lingrui Pharmaceutical Co Days Payable Related Terms

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Henan Lingrui Pharmaceutical Co (SHSE:600285) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Henan Lingrui Pharmaceutical Co Ltd (SHSE:600285) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 59 Jiefang Chengguan Road, Xinxian, Xinyang, Henan, CHN, 465550

Website

http://www.lingrui.com

Henan Lingrui Pharmaceutical Co Ltd is a Chinese company engaged in the development, production, and distribution of pharmaceuticals. The Company's products include tablets, capsules, injections and other medicines.

Henan Lingrui Pharmaceutical Co (SHSE:600285) Headlines

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