Tuoxin Pharmaceutical Group Co (SZSE:301089) Days Payable : 168.06 (As of Sep. 2023)

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What is Tuoxin Pharmaceutical Group Co Days Payable?

Tuoxin Pharmaceutical Group Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥118 Mil. Tuoxin Pharmaceutical Group Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥64 Mil. Hence, Tuoxin Pharmaceutical Group Co's Days Payable for the three months ended in Sep. 2023 was 168.06.

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

SZSE:301089' s Days Payable Range Over the Past 10 Years
Min: 102.26 Med: 187.47 Max: 253.95
Current: 163.81

During the past 9 years, Tuoxin Pharmaceutical Group Co's highest Days Payable was 253.95. The lowest was 102.26. And the median was 187.47.

SZSE:301089's Days Payable is ranked better than
78.92% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs SZSE:301089: 163.81

Tuoxin Pharmaceutical Group Co's Days Payable increased from Sep. 2022 (154.60) to Sep. 2023 (168.06). It may suggest that Tuoxin Pharmaceutical Group Co delayed paying its suppliers.

Tuoxin Pharmaceutical Group Co Days Payable Historical Data

The historical data trend for Tuoxin Pharmaceutical Group 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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Tuoxin Pharmaceutical Group Co Days Payable Chart

Tuoxin Pharmaceutical Group Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

Get a 7-Day Free Trial

201.87

253.95

217.17

220.15

187.47

Tuoxin Pharmaceutical Group Co Quarterly Data
	Dec14	Jun15	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															154.60	158.59	155.85	205.11	168.06

Competitive Comparison of Tuoxin Pharmaceutical Group Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Tuoxin Pharmaceutical Group 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.

Tuoxin Pharmaceutical Group Co's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Tuoxin Pharmaceutical Group 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.

Tuoxin Pharmaceutical Group Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (162.938	+	158.58)	/	2 )	/	312.996	*	365
=	160.759					/	312.996	*	365
=	187.47

Tuoxin Pharmaceutical Group Co's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (131.793	+	105.016)	/	2 )	/	64.289	*	365 / 4
=	118.4045					/	64.289	*	365 / 4
=	168.06

Tuoxin Pharmaceutical Group Co Days Payable Related Terms

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Tuoxin Pharmaceutical Group Co (SZSE:301089) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tuoxin Pharmaceutical Group Co Ltd (SZSE:301089) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 398, Jingquan West Road, High-tech Zone, Henan Province, Xinxiang, CHN, 453000

Website

http://www.tuoxinpharm.com

Tuoxin Pharmaceutical Group Co Ltd, formerly Xinxiang Tuoxin Pharmaceutical Co Ltd is engaged in the research and development, production and sales of chemical synthesis and biological fermentation nucleoside APIs and pharmaceutical intermediates.

Tuoxin Pharmaceutical Group Co (SZSE:301089) Headlines

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