AHG (Akso Health Group) Days Payable : 7.04 (As of Sep. 2024)

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What is Akso Health Group Days Payable?

Akso Health Group's average Accounts Payable for the six months ended in Sep. 2024 was $0.26 Mil. Akso Health Group's Cost of Goods Sold for the six months ended in Sep. 2024 was $6.74 Mil. Hence, Akso Health Group's Days Payable for the six months ended in Sep. 2024 was 7.04.

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

AHG' s Days Payable Range Over the Past 10 Years
Min: 0 Med: 0 Max: 11.6
Current: 11.6

During the past 10 years, Akso Health Group's highest Days Payable was 11.60. The lowest was 0.00. And the median was 0.00.

AHG's Days Payable is ranked worse than
99.07% of 108 companies
in the Medical Distribution industry
Industry Median: 75.485 vs AHG: 11.60

Akso Health Group's Days Payable increased from Sep. 2023 (0.00) to Sep. 2024 (7.04). It may suggest that Akso Health Group delayed paying its suppliers.

Akso Health Group Days Payable Historical Data

The historical data trend for Akso Health Group'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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Akso Health Group Days Payable Chart

Akso Health Group Annual Data

Trend

Mar15

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Mar24

Days Payable

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Akso Health Group Semi-Annual Data
	Mar16	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial													-	-	-	-	7.04

Competitive Comparison of Akso Health Group's Days Payable

For the Medical Distribution subindustry, Akso Health Group'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.

Akso Health Group's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Akso Health Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Akso Health Group's Days Payable falls into.

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Akso Health Group 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.

Akso Health Group's Days Payable for the fiscal year that ended in Mar. 2024 is calculated as

	Days Payable (A: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2023 )	+	Accounts Payable (A: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2024 )	*	Days in Period
=	( (0	+	0)	/	1 )	/	2.292	*	365
=	0					/	2.292	*	365
=	0.00

Akso Health Group's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (0	+	0.26)	/	1 )	/	6.741	*	365 / 2
=	0.26					/	6.741	*	365 / 2
=	7.04

Akso Health Group Days Payable Related Terms

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Akso Health Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Akso Health Group (NAS:AHG) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

8HX:Germany

Address

No. 44, Moscow Road, Qianwan Bonded Port Area, Room 8201-4-4(A), 2nd Floor, Qiantongyuan Building, Qingdao Pilot Free Trade Zone, Shandong, CHN

Website

https://www.ahgtop.com

Akso Health Group formerly Xiaobai Maimai Inc is a social e-commerce platform based in China. The company collaborates with domestic e-commerce platforms and offers users a wide selection of high-quality and affordable products on its social e-commerce platform. It generates majority of the revenues from sale of medical devices business.