Tianjin Tianyao Pharmaceutical Co (SHSE:600488) Days Payable : 134.78 (As of Mar. 2024)

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What is Tianjin Tianyao Pharmaceutical Co Days Payable?

Tianjin Tianyao Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥702 Mil. Tianjin Tianyao Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥476 Mil. Hence, Tianjin Tianyao Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 134.78.

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

SHSE:600488' s Days Payable Range Over the Past 10 Years
Min: 32.25 Med: 113.33 Max: 136.2
Current: 130.06

During the past 13 years, Tianjin Tianyao Pharmaceutical Co's highest Days Payable was 136.20. The lowest was 32.25. And the median was 113.33.

SHSE:600488's Days Payable is ranked better than
70.05% of 975 companies
in the Drug Manufacturers industry
Industry Median: 87.75 vs SHSE:600488: 130.06

Tianjin Tianyao Pharmaceutical Co's Days Payable declined from Mar. 2023 (161.59) to Mar. 2024 (134.78). It may suggest that Tianjin Tianyao Pharmaceutical Co accelerated paying its suppliers.

Tianjin Tianyao Pharmaceutical Co Days Payable Historical Data

The historical data trend for Tianjin Tianyao 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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Tianjin Tianyao Pharmaceutical Co Days Payable Chart

Tianjin Tianyao Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

124.16

118.98

107.67

132.00

136.20

Tianjin Tianyao 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															161.59	130.36	145.37	111.84	134.78

Competitive Comparison of Tianjin Tianyao Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Tianjin Tianyao 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.

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

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

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

Tianjin Tianyao 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.

Tianjin Tianyao 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
=	( (792.901	+	719.552)	/	2 )	/	2026.643	*	365
=	756.2265					/	2026.643	*	365
=	136.20

Tianjin Tianyao 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
=	( (719.552	+	685.137)	/	2 )	/	475.514	*	365 / 4
=	702.3445					/	475.514	*	365 / 4
=	134.78

Tianjin Tianyao Pharmaceutical Co Days Payable Related Terms

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Tianjin Tianyao Pharmaceutical Co (SHSE:600488) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tianjin Tianyao Pharmaceutical Co Ltd (SHSE:600488) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 109 Bawei Road, Hedong District, Tianjin, Tianjin, CHN, 300171

Website

http://www.kingyork.biz/tianyaoyaoye

Tianjin Tianyao Pharmaceutical Co Ltd is a China-based company engages in the development, manufacture, distribution, and export of pharmaceutical products. Its products include corticosteroids and cardiovascular medicine, dexamethasone, and cortisone acetate.

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