China Medical System Holdings (HKSE:00867) Days Payable : 39.22 (As of Dec. 2023)

View and export this data going back to 2010. Start your Free Trial

What is China Medical System Holdings Days Payable?

China Medical System Holdings's average Accounts Payable for the six months ended in Dec. 2023 was HK$212 Mil. China Medical System Holdings's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$984 Mil. Hence, China Medical System Holdings's Days Payable for the six months ended in Dec. 2023 was 39.22.

The historical rank and industry rank for China Medical System Holdings's Days Payable or its related term are showing as below:

HKSE:00867' s Days Payable Range Over the Past 10 Years
Min: 17.74 Med: 23.08 Max: 36.33
Current: 36.33

During the past 13 years, China Medical System Holdings's highest Days Payable was 36.33. The lowest was 17.74. And the median was 23.08.

HKSE:00867's Days Payable is ranked worse than
85.73% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.345 vs HKSE:00867: 36.33

China Medical System Holdings's Days Payable increased from Dec. 2022 (26.35) to Dec. 2023 (39.22). It may suggest that China Medical System Holdings delayed paying its suppliers.

China Medical System Holdings Days Payable Historical Data

The historical data trend for China Medical System Holdings'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.

China Medical System Holdings Days Payable Chart

China Medical System Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

18.21

17.74

24.13

29.17

31.00

China Medical System Holdings Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															28.45	25.81	26.35	38.79	39.22

Competitive Comparison of China Medical System Holdings's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, China Medical System Holdings'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.

China Medical System Holdings's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, China Medical System Holdings's Days Payable distribution charts can be found below:

* The bar in red indicates where China Medical System Holdings's Days Payable falls into.

China Medical System Holdings 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.

China Medical System Holdings'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
=	( (198.785	+	154.949)	/	2 )	/	2082.685	*	365
=	176.867					/	2082.685	*	365
=	31.00

China Medical System Holdings'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (268.097	+	154.949)	/	2 )	/	984.272	*	365 / 2
=	211.523					/	984.272	*	365 / 2
=	39.22

China Medical System Holdings Days Payable Related Terms

Thank you for viewing the detailed overview of China Medical System Holdings's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

China Medical System Holdings (HKSE:00867) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » China Medical System Holdings Ltd (HKSE:00867) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

2M7C:Germany

Address

510 King’s Road, Unit 2106, 21st Floor, North Point, Island Place Tower, Hong Kong, HKG

Website

http://www.cms.net.cn

China Medical System Holdings Ltd is active in the healthcare segment. It is one of the leading China-based pharmaceutical services companies in the country. The company's business mainly involves the marketing, promotion, and sales of prescription pharmaceutical products manufactured by domestic pharmaceutical companies. Some of its products include Plendil; Salofalk; Combizym; Ganfule Capsules; Xidakang; Hirudoid; and others. Geographically, it derives revenue from China.

Executives

Treasure Sea Limited	2101 Beneficial owner
Lam Kong	2201 Interest of corporation controlled by you

China Medical System Holdings (HKSE:00867) Headlines

No Headlines