Tianjin Pharmaceutical Da Ren Tang Group (SGX:T14) Days Payable : 105.47 (As of Sep. 2024)

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What is Tianjin Pharmaceutical Da Ren Tang Group Days Payable?

Tianjin Pharmaceutical Da Ren Tang Group's average Accounts Payable for the three months ended in Sep. 2024 was $143 Mil. Tianjin Pharmaceutical Da Ren Tang Group's Cost of Goods Sold for the three months ended in Sep. 2024 was $124 Mil. Hence, Tianjin Pharmaceutical Da Ren Tang Group's Days Payable for the three months ended in Sep. 2024 was 105.47.

The historical rank and industry rank for Tianjin Pharmaceutical Da Ren Tang Group's Days Payable or its related term are showing as below:

SGX:T14' s Days Payable Range Over the Past 10 Years
Min: 53.69 Med: 67.78 Max: 100.36
Current: 90.72

During the past 13 years, Tianjin Pharmaceutical Da Ren Tang Group's highest Days Payable was 100.36. The lowest was 53.69. And the median was 67.78.

SGX:T14's Days Payable is ranked better than
53.47% of 952 companies
in the Drug Manufacturers industry
Industry Median: 85.205 vs SGX:T14: 90.72

Tianjin Pharmaceutical Da Ren Tang Group's Days Payable increased from Sep. 2023 (96.33) to Sep. 2024 (105.47). It may suggest that Tianjin Pharmaceutical Da Ren Tang Group delayed paying its suppliers.

Tianjin Pharmaceutical Da Ren Tang Group Days Payable Historical Data

The historical data trend for Tianjin Pharmaceutical Da Ren Tang 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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Tianjin Pharmaceutical Da Ren Tang Group Days Payable Chart

Tianjin Pharmaceutical Da Ren Tang Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

57.66

69.04

93.28

101.86

101.71

Tianjin Pharmaceutical Da Ren Tang Group Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															96.33	68.36	101.83	102.65	105.47

Competitive Comparison of Tianjin Pharmaceutical Da Ren Tang Group's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Tianjin Pharmaceutical Da Ren Tang 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.

Tianjin Pharmaceutical Da Ren Tang Group's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tianjin Pharmaceutical Da Ren Tang Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Tianjin Pharmaceutical Da Ren Tang Group's Days Payable falls into.

Tianjin Pharmaceutical Da Ren Tang 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.

Tianjin Pharmaceutical Da Ren Tang 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
=	( (201.657	+	157.711)	/	2 )	/	644.812	*	365
=	179.684					/	644.812	*	365
=	101.71

Tianjin Pharmaceutical Da Ren Tang 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: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (146.74	+	140.176)	/	2 )	/	124.12	*	365 / 4
=	143.458					/	124.12	*	365 / 4
=	105.47

Tianjin Pharmaceutical Da Ren Tang Group Days Payable Related Terms

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Tianjin Pharmaceutical Da Ren Tang Group Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tianjin Pharmaceutical Da Ren Tang Group Corp Ltd (SGX:T14) » Definitions » Days Payable

Traded in Other Exchanges

2TZ:Germany 600329:China

Address

No. 17 Baidi Road, Zhong Xin Mansion, Nankai District, Tianjin, CHN, 300193

Website

http://www.jydrt.com.cn

Tianjin Pharmaceutical Da Ren Tang Group Corp Ltd is a pharmaceutical manufacturing company. The company manufactures and sells traditional Chinese medicine, western medicine, and healthcare products in the People's Republic of China. It operates in two segments namely The Chinese Medicine segment and The Western Medicine segment. The Chinese Medicine segment manufactures Chinese pharmaceutical products under brands owned by the group. The Western Medicine segment manufactures western pharmaceutical products through cooperation with foreign companies. The company earns the majority of its revenue from the sale of Chinese pharmaceutical products.

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