Sino Biological (SZSE:301047) Days Payable : 47.84 (As of Mar. 2024)

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What is Sino Biological Days Payable?

Sino Biological's average Accounts Payable for the three months ended in Mar. 2024 was ¥18.0 Mil. Sino Biological's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥34.4 Mil. Hence, Sino Biological's Days Payable for the three months ended in Mar. 2024 was 47.84.

The historical rank and industry rank for Sino Biological's Days Payable or its related term are showing as below:

SZSE:301047' s Days Payable Range Over the Past 10 Years
Min: 59.7 Med: 92.48 Max: 470.8
Current: 59.7

During the past 7 years, Sino Biological's highest Days Payable was 470.80. The lowest was 59.70. And the median was 92.48.

SZSE:301047's Days Payable is ranked worse than
69.46% of 717 companies
in the Biotechnology industry
Industry Median: 147.46 vs SZSE:301047: 59.70

Sino Biological's Days Payable declined from Mar. 2023 (114.37) to Mar. 2024 (47.84). It may suggest that Sino Biological accelerated paying its suppliers.

Sino Biological Days Payable Historical Data

The historical data trend for Sino Biological'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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Sino Biological Days Payable Chart

Sino Biological Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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95.05

81.24

89.90

76.41

Sino Biological Quarterly Data
	Dec18	Jun19	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															114.37	61.76	66.33	63.30	47.84

Competitive Comparison of Sino Biological's Days Payable

For the Biotechnology subindustry, Sino Biological'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.

Sino Biological's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Sino Biological's Days Payable distribution charts can be found below:

* The bar in red indicates where Sino Biological's Days Payable falls into.

Sino Biological 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.

Sino Biological'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
=	( (29.23	+	19.327)	/	2 )	/	115.977	*	365
=	24.2785					/	115.977	*	365
=	76.41

Sino Biological'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
=	( (19.327	+	16.765)	/	2 )	/	34.421	*	365 / 4
=	18.046					/	34.421	*	365 / 4
=	47.84

Sino Biological Days Payable Related Terms

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Sino Biological (SZSE:301047) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Sino Biological Inc (SZSE:301047) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18 Kechuang 10th Street, Room 306, Building 9, Beijing Economic and Technological Development Zon, Beijing, CHN, 100176

Website

https://www.sinobiological.com

Sino Biological Inc is an international reagent supplier and service provider. The company specializes in recombinant protein production and antibody development. All of Sino Biological's products are independently developed and produced, including recombinant proteins, antibodies and cDNA clones.

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