Gansu Longshenrongfa Pharmaceutical Industry Co (SZSE:300534) Days Payable : 220.48 (As of Dec. 2023)

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What is Gansu Longshenrongfa Pharmaceutical Industry Co Days Payable?

Gansu Longshenrongfa Pharmaceutical Industry Co's average Accounts Payable for the three months ended in Dec. 2023 was ¥286 Mil. Gansu Longshenrongfa Pharmaceutical Industry Co's Cost of Goods Sold for the three months ended in Dec. 2023 was ¥118 Mil. Hence, Gansu Longshenrongfa Pharmaceutical Industry Co's Days Payable for the three months ended in Dec. 2023 was 220.48.

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

SZSE:300534' s Days Payable Range Over the Past 10 Years
Min: 28.47 Med: 62.38 Max: 263.88
Current: 263.88

During the past 13 years, Gansu Longshenrongfa Pharmaceutical Industry Co's highest Days Payable was 263.88. The lowest was 28.47. And the median was 62.38.

SZSE:300534's Days Payable is ranked better than
87.21% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs SZSE:300534: 263.88

Gansu Longshenrongfa Pharmaceutical Industry Co's Days Payable increased from Dec. 2022 (76.97) to Dec. 2023 (220.48). It may suggest that Gansu Longshenrongfa Pharmaceutical Industry Co delayed paying its suppliers.

Gansu Longshenrongfa Pharmaceutical Industry Co Days Payable Historical Data

The historical data trend for Gansu Longshenrongfa Pharmaceutical Industry 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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Gansu Longshenrongfa Pharmaceutical Industry Co Days Payable Chart

Gansu Longshenrongfa Pharmaceutical Industry Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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51.47

28.47

36.57

129.14

213.85

Gansu Longshenrongfa Pharmaceutical Industry Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															76.97	219.05	305.26	410.44	220.48

Competitive Comparison of Gansu Longshenrongfa Pharmaceutical Industry Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Gansu Longshenrongfa Pharmaceutical Industry 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.

Gansu Longshenrongfa Pharmaceutical Industry Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Gansu Longshenrongfa Pharmaceutical Industry Co's Days Payable falls into.

Gansu Longshenrongfa Pharmaceutical Industry 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.

Gansu Longshenrongfa Pharmaceutical Industry 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
=	( (209.011	+	243.561)	/	2 )	/	386.229	*	365
=	226.286					/	386.229	*	365
=	213.85

Gansu Longshenrongfa Pharmaceutical Industry Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (329.026	+	243.561)	/	2 )	/	118.488	*	365 / 4
=	286.2935					/	118.488	*	365 / 4
=	220.48

Gansu Longshenrongfa Pharmaceutical Industry Co Days Payable Related Terms

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Gansu Longshenrongfa Pharmaceutical Industry Co (SZSE:300534) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Gansu Longshenrongfa Pharmaceutical Industry Co Ltd (SZSE:300534) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 10, Defence Road, Dingyuan Town, Gansu Province, Lanzhou, CHN, 730101

Website

http://www.lsrfzy.com

Gansu Longshenrongfa Pharmaceutical Industry Co Ltd is mainly engaged in the pharmaceutical business. It is engaged in the research and development of new drugs, traditional Chinese medicine processing and production. Its products portfolio includes Yuan Hu Zhitong Dripping Pills, Qiwei Wenyang Capsule and Xiaoshuan Tongluo Tablets. Its products are used to adjust gas, promote blood circulation, relieve pain, relieve cough, eliminate phlegm, relieve asthma, clear heat, and dispel dampness, among others.

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