Kingworld Medicines Group (HKSE:01110) Days Payable : 67.55 (As of Dec. 2023)

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What is Kingworld Medicines Group Days Payable?

Kingworld Medicines Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$162 Mil. Kingworld Medicines Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$437 Mil. Hence, Kingworld Medicines Group's Days Payable for the six months ended in Dec. 2023 was 67.55.

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

HKSE:01110' s Days Payable Range Over the Past 10 Years
Min: 63.9 Med: 97.6 Max: 135.24
Current: 66.71

During the past 13 years, Kingworld Medicines Group's highest Days Payable was 135.24. The lowest was 63.90. And the median was 97.60.

HKSE:01110's Days Payable is ranked better than
53.13% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 61.91 vs HKSE:01110: 66.71

Kingworld Medicines Group's Days Payable increased from Dec. 2022 (60.38) to Dec. 2023 (67.55). It may suggest that Kingworld Medicines Group delayed paying its suppliers.

Kingworld Medicines Group Days Payable Historical Data

The historical data trend for Kingworld Medicines 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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Kingworld Medicines Group Days Payable Chart

Kingworld Medicines Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

102.77

123.61

63.90

68.46

66.40

Kingworld Medicines Group 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															68.21	72.45	60.38	66.18	67.55

Competitive Comparison of Kingworld Medicines Group's Days Payable

For the Pharmaceutical Retailers subindustry, Kingworld Medicines 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.

Kingworld Medicines Group's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Kingworld Medicines Group's Days Payable distribution charts can be found below:

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

Kingworld Medicines 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.

Kingworld Medicines Group'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
=	( (154.985	+	162.604)	/	2 )	/	872.829	*	365
=	158.7945					/	872.829	*	365
=	66.40

Kingworld Medicines Group'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
=	( (160.983	+	162.604)	/	2 )	/	437.146	*	365 / 2
=	161.7935					/	437.146	*	365 / 2
=	67.55

Kingworld Medicines Group Days Payable Related Terms

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Kingworld Medicines Group (HKSE:01110) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Kingworld Medicines Group Ltd (HKSE:01110) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

198 Daxin Road, 8th-9th Floor, Block A, Majialong Chuangxin Building, Nanshan District, Guangdong Province, Shenzhen, CHN, 518016

Website

https://www.kingworld.com.cn

Kingworld Medicines Group Ltd is engaged in Distribution sales of pharmaceutical and healthcare products such as branded imported pharmaceutical and healthcare products primarily in Hong Kong and the PRC, and Manufacturing and sales of electrotherapeutic and physiotherapeutic devices and general medical examination devices primarily carried out in the PRC. It derives the majority of its revenue from Distribution sales of pharmaceutical and healthcare products segment.

Kingworld Medicines Group (HKSE:01110) Headlines

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