BGM (BGM Group) Days Payable : 63.08 (As of Sep. 2024)

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What is BGM Group Days Payable?

BGM Group's average Accounts Payable for the six months ended in Sep. 2024 was $3.40 Mil. BGM Group's Cost of Goods Sold for the six months ended in Sep. 2024 was $9.83 Mil. Hence, BGM Group's Days Payable for the six months ended in Sep. 2024 was 63.08.

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

BGM' s Days Payable Range Over the Past 10 Years
Min: 34.13 Med: 36.94 Max: 89.29
Current: 60.25

During the past 8 years, BGM Group's highest Days Payable was 89.29. The lowest was 34.13. And the median was 36.94.

BGM's Days Payable is ranked worse than
65.04% of 944 companies
in the Drug Manufacturers industry
Industry Median: 85.85 vs BGM: 60.25

BGM Group's Days Payable increased from Sep. 2023 (40.82) to Sep. 2024 (63.08). It may suggest that BGM Group delayed paying its suppliers.

BGM Group Days Payable Historical Data

The historical data trend for BGM 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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BGM Group Days Payable Chart

BGM Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Sep24

Days Payable

Get a 7-Day Free Trial

34.13

39.09

37.15

36.25

67.14

BGM Group Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23	Mar24	Sep24
Days Payable	Get a 7-Day Free Trial										31.31	32.88	40.82	51.28	63.08

Competitive Comparison of BGM Group's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, BGM 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.

BGM Group's Days Payable Distribution in the Drug Manufacturers Industry

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

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

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BGM 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.

BGM Group's Days Payable for the fiscal year that ended in Sep. 2024 is calculated as

	Days Payable (A: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2023 )	+	Accounts Payable (A: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2024 )	*	Days in Period
=	( (3.593	+	4.126)	/	2 )	/	20.983	*	365
=	3.8595					/	20.983	*	365
=	67.14

BGM 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
=	( (2.672	+	4.126)	/	2 )	/	9.834	*	365 / 2
=	3.399					/	9.834	*	365 / 2
=	63.08

BGM Group Days Payable Related Terms

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BGM Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » BGM Group Ltd (NAS:BGM) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 152 Hongliang East 1st Street No. 1703, Tianfu New District, Chengdu, CHN, 610200

Website

https://www.bgmgroupltd.com

BGM Group Ltd is a biopharmaceuticals, bio-extraction, and medical health business. Its product range includes oxytetracycline APIs, licorice preparations, and crude heparin sodium. Maximum revenue is from Oxytetracycline & Licorice and TCMD, followed by Heparin products and Sausage casing.