SSY Group (HKSE:02005) Days Payable : 56.58 (As of Dec. 2023)

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What is SSY Group Days Payable?

SSY Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$451 Mil. SSY Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$1,455 Mil. Hence, SSY Group's Days Payable for the six months ended in Dec. 2023 was 56.58.

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

HKSE:02005' s Days Payable Range Over the Past 10 Years
Min: 33.24 Med: 51.09 Max: 138.41
Current: 54.05

During the past 13 years, SSY Group's highest Days Payable was 138.41. The lowest was 33.24. And the median was 51.09.

HKSE:02005's Days Payable is ranked worse than
70.64% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.765 vs HKSE:02005: 54.05

SSY Group's Days Payable increased from Dec. 2022 (51.84) to Dec. 2023 (56.58). It may suggest that SSY Group delayed paying its suppliers.

SSY Group Days Payable Historical Data

The historical data trend for SSY 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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SSY Group Days Payable Chart

SSY Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

33.24

48.47

53.61

48.56

49.36

SSY 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															54.62	52.12	51.84	56.21	56.58

Competitive Comparison of SSY Group's Days Payable

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

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

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

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

SSY 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.

SSY 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
=	( (361.063	+	407.929)	/	2 )	/	2843.37	*	365
=	384.496					/	2843.37	*	365
=	49.36

SSY 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
=	( (494.157	+	407.929)	/	2 )	/	1454.964	*	365 / 2
=	451.043					/	1454.964	*	365 / 2
=	56.58

SSY Group Days Payable Related Terms

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SSY Group (HKSE:02005) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » SSY Group Ltd (HKSE:02005) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Central Plaza, 18 Harbour Road, Rooms 4902-03, 49th Floor, Wanchai, Hong Kong, HKG

Website

http://www.ssygroup.com.hk

SSY Group Ltd is engaged in the research, development, manufacturing and selling of a wide range of pharmaceutical products, which includes finished medicines of mainly intravenous infusion solution and ampoule injection to hospitals and distributors, bulk pharmaceuticals and medical materials. The company has two reportable segments including intravenous infusion solution and others and medical materials. The company derives a vast majority of its revenue principally from the Intravenous infusion solution and others. Revenue generation is driven mostly by its sales of pharmaceutical products, followed by medical materials.

SSY Group (HKSE:02005) Headlines

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