China Resourcesnjiu Medical & Pharmaceutical Co (SZSE:000999) Days Payable : 81.75 (As of Mar. 2024)

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What is China Resourcesnjiu Medical & Pharmaceutical Co Days Payable?

China Resourcesnjiu Medical & Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,044 Mil. China Resourcesnjiu Medical & Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,398 Mil. Hence, China Resourcesnjiu Medical & Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 81.75.

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

SZSE:000999' s Days Payable Range Over the Past 10 Years
Min: 72.32 Med: 86.55 Max: 108.99
Current: 91.78

During the past 13 years, China Resourcesnjiu Medical & Pharmaceutical Co's highest Days Payable was 108.99. The lowest was 72.32. And the median was 86.55.

SZSE:000999's Days Payable is ranked better than
53.53% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs SZSE:000999: 91.78

China Resourcesnjiu Medical & Pharmaceutical Co's Days Payable increased from Mar. 2023 (76.89) to Mar. 2024 (81.75). It may suggest that China Resourcesnjiu Medical & Pharmaceutical Co delayed paying its suppliers.

China Resourcesnjiu Medical & Pharmaceutical Co Days Payable Historical Data

The historical data trend for China Resourcesnjiu Medical & 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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China Resourcesnjiu Medical & Pharmaceutical Co Days Payable Chart

China Resourcesnjiu Medical & Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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78.01

77.18

75.16

72.32

77.19

China Resourcesnjiu Medical & 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															76.89	82.48	100.73	106.75	81.75

Competitive Comparison of China Resourcesnjiu Medical & Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, China Resourcesnjiu Medical & 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.

China Resourcesnjiu Medical & Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where China Resourcesnjiu Medical & Pharmaceutical Co's Days Payable falls into.

China Resourcesnjiu Medical & 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.

China Resourcesnjiu Medical & 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
=	( (1795.121	+	3097.31)	/	2 )	/	11567.224	*	365
=	2446.2155					/	11567.224	*	365
=	77.19

China Resourcesnjiu Medical & 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
=	( (3097.31	+	2990.386)	/	2 )	/	3397.532	*	365 / 4
=	3043.848					/	3397.532	*	365 / 4
=	81.75

China Resourcesnjiu Medical & Pharmaceutical Co Days Payable Related Terms

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China Resourcesnjiu Medical & Pharmaceutical Co (SZSE:000999) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » China Resources Sanjiu Medical & Pharmaceutical Co Ltd (SZSE:000999) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

High-Tech Park, Lake Street Mission Hills, Longhua District, Shenzhen, CHN, 518110

Website

http://www.999.com.cn

China Resources Sanjiu Medical & Pharmaceutical Co Ltd is a China-based pharmaceutical company. It is engaged in the research and development, production and sale of pharmaceutical products, healthcare products, and medical appliances under the brand name 999, which includes OTC, antibiotic and raw material drug. The other brands under which the company offers its products are Lee King, Shunfeng, and Tianhe. The company's core business is located in OTC and Chinese medicine prescription drugs, OTC core products in the cold, gastrointestinal, skin, pediatric, cough and orthopedic drugs occupy a higher market share; prescription drug products in traditional Chinese medicine formula granules, cardiovascular and cerebrovascular, anti-tumor in the field of anti-infection and other areas.

China Resourcesnjiu Medical & Pharmaceutical Co (SZSE:000999) Headlines

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