Hangzhou TianMuShan Pharmaceutical Enterprise Co (SHSE:600671) Days Payable : 177.45 (As of Mar. 2024)

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What is Hangzhou TianMuShan Pharmaceutical Enterprise Co Days Payable?

Hangzhou TianMuShan Pharmaceutical Enterprise Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥58.1 Mil. Hangzhou TianMuShan Pharmaceutical Enterprise Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥29.9 Mil. Hence, Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Payable for the three months ended in Mar. 2024 was 177.45.

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

SHSE:600671' s Days Payable Range Over the Past 10 Years
Min: 77.66 Med: 183.72 Max: 250.17
Current: 163.92

During the past 13 years, Hangzhou TianMuShan Pharmaceutical Enterprise Co's highest Days Payable was 250.17. The lowest was 77.66. And the median was 183.72.

SHSE:600671's Days Payable is ranked better than
78.85% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs SHSE:600671: 163.92

Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Payable declined from Mar. 2023 (242.48) to Mar. 2024 (177.45). It may suggest that Hangzhou TianMuShan Pharmaceutical Enterprise Co accelerated paying its suppliers.

Hangzhou TianMuShan Pharmaceutical Enterprise Co Days Payable Historical Data

The historical data trend for Hangzhou TianMuShan Pharmaceutical Enterprise 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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Hangzhou TianMuShan Pharmaceutical Enterprise Co Days Payable Chart

Hangzhou TianMuShan Pharmaceutical Enterprise Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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151.29

208.97

250.17

246.26

188.62

Hangzhou TianMuShan Pharmaceutical Enterprise 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															242.48	178.87	132.14	144.25	177.45

Competitive Comparison of Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Payable

For the Drug Manufacturers - General subindustry, Hangzhou TianMuShan Pharmaceutical Enterprise 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.

Hangzhou TianMuShan Pharmaceutical Enterprise Co's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Hangzhou TianMuShan Pharmaceutical Enterprise 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.

Hangzhou TianMuShan Pharmaceutical Enterprise 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
=	( (47.223	+	51.219)	/	2 )	/	95.247	*	365
=	49.221					/	95.247	*	365
=	188.62

Hangzhou TianMuShan Pharmaceutical Enterprise 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
=	( (51.219	+	65.049)	/	2 )	/	29.894	*	365 / 4
=	58.134					/	29.894	*	365 / 4
=	177.45

Hangzhou TianMuShan Pharmaceutical Enterprise Co Days Payable Related Terms

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Hangzhou TianMuShan Pharmaceutical Enterprise Co (SHSE:600671) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd (SHSE:600671) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No.18 Shangyang Road, Jinnan Street, Lin'an District, Zhejiang Province, Hangzhou, CHN, 311300

Website

http://www.hztmyy.com

Hangzhou TianMuShan Pharmaceutical Enterprise Co Ltd is engaged in producing proprietary Chinese medicines, biopharmaceuticals, healthy foods, medical equipment, and other medicines in China. The company is also engaged in medical device production and sales, cosmetics production, sales, production and sales of sanitary products.

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