Tchaikapharma Highquality Medicines AD (XBUL:THQM) Days Payable : 34.62 (As of Dec. 2023)

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What is Tchaikapharma Highquality Medicines AD Days Payable?

Tchaikapharma Highquality Medicines AD's average Accounts Payable for the three months ended in Dec. 2023 was лв2.79 Mil. Tchaikapharma Highquality Medicines AD's Cost of Goods Sold for the three months ended in Dec. 2023 was лв7.37 Mil. Hence, Tchaikapharma Highquality Medicines AD's Days Payable for the three months ended in Dec. 2023 was 34.62.

The historical rank and industry rank for Tchaikapharma Highquality Medicines AD's Days Payable or its related term are showing as below:

XBUL:THQM' s Days Payable Range Over the Past 10 Years
Min: 32.46 Med: 59.34 Max: 77.66
Current: 32.46

During the past 8 years, Tchaikapharma Highquality Medicines AD's highest Days Payable was 77.66. The lowest was 32.46. And the median was 59.34.

XBUL:THQM's Days Payable is ranked worse than
88.36% of 979 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs XBUL:THQM: 32.46

Tchaikapharma Highquality Medicines AD's Days Payable declined from Dec. 2022 (45.18) to Dec. 2023 (34.62). It may suggest that Tchaikapharma Highquality Medicines AD accelerated paying its suppliers.

Tchaikapharma Highquality Medicines AD Days Payable Historical Data

The historical data trend for Tchaikapharma Highquality Medicines AD'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.

* Premium members only.

Tchaikapharma Highquality Medicines AD Days Payable Chart

Tchaikapharma Highquality Medicines AD Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

77.66

75.58

58.22

48.43

41.95

Tchaikapharma Highquality Medicines AD 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															45.18	38.10	30.58	17.61	34.62

Competitive Comparison of Tchaikapharma Highquality Medicines AD's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Tchaikapharma Highquality Medicines AD'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.

Tchaikapharma Highquality Medicines AD's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tchaikapharma Highquality Medicines AD's Days Payable distribution charts can be found below:

* The bar in red indicates where Tchaikapharma Highquality Medicines AD's Days Payable falls into.

Tchaikapharma Highquality Medicines AD 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.

Tchaikapharma Highquality Medicines AD'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
=	( (4.206	+	3.503)	/	2 )	/	33.538	*	365
=	3.8545					/	33.538	*	365
=	41.95

Tchaikapharma Highquality Medicines AD'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
=	( (2.086	+	3.503)	/	2 )	/	7.366	*	365 / 4
=	2.7945					/	7.366	*	365 / 4
=	34.62

Tchaikapharma Highquality Medicines AD Days Payable Related Terms

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Tchaikapharma Highquality Medicines AD (XBUL:THQM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tchaikapharma Highquality Medicines AD (XBUL:THQM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 G. M. Dimitrov Boulevard, Sofia, BGR, 1172

Website

https://www.tchaikapharma.com

Tchaikapharma Highquality Medicines AD is engaged in the business of manufacturing and selling pharmaceuticals in Bulgaria. It manufactures medicines for cancer, heart diseases, respiratory problems, and neurological diseases, among others.

Tchaikapharma Highquality Medicines AD (XBUL:THQM) Headlines

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