Beijing Tongrentang Co (SHSE:600085) Days Payable : 129.56 (As of Mar. 2024)

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What is Beijing Tongrentang Co Days Payable?

Beijing Tongrentang Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥4,268 Mil. Beijing Tongrentang Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥3,006 Mil. Hence, Beijing Tongrentang Co's Days Payable for the three months ended in Mar. 2024 was 129.56.

The historical rank and industry rank for Beijing Tongrentang Co's Days Payable or its related term are showing as below:

SHSE:600085' s Days Payable Range Over the Past 10 Years
Min: 113.59 Med: 137.11 Max: 155.87
Current: 152.93

During the past 13 years, Beijing Tongrentang Co's highest Days Payable was 155.87. The lowest was 113.59. And the median was 137.11.

SHSE:600085's Days Payable is ranked better than
76.49% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs SHSE:600085: 152.93

Beijing Tongrentang Co's Days Payable increased from Mar. 2023 (117.78) to Mar. 2024 (129.56). It may suggest that Beijing Tongrentang Co delayed paying its suppliers.

Beijing Tongrentang Co Days Payable Historical Data

The historical data trend for Beijing Tongrentang Co'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.

Beijing Tongrentang Co Days Payable Chart

Beijing Tongrentang Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

140.27

146.33

145.44

155.87

154.95

Beijing Tongrentang Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															117.78	135.19	175.32	196.15	129.56

Competitive Comparison of Beijing Tongrentang Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Beijing Tongrentang Co'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.

Beijing Tongrentang Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Beijing Tongrentang Co's Days Payable falls into.

Beijing Tongrentang Co 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.

Beijing Tongrentang Co'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
=	( (3491.153	+	4501.634)	/	2 )	/	9414.07	*	365
=	3996.3935					/	9414.07	*	365
=	154.95

Beijing Tongrentang Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4501.634	+	4034.071)	/	2 )	/	3005.957	*	365 / 4
=	4267.8525					/	3005.957	*	365 / 4
=	129.56

Beijing Tongrentang Co Days Payable Related Terms

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Beijing Tongrentang Co (SHSE:600085) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Beijing Tongrentang Co Ltd (SHSE:600085) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 52 Dong Xing Long Street, Chongwen District, Beijing, Beijing, CHN, 100062

Website

http://www.tongrentang.com

Beijing Tongrentang Co Ltd is a China-based company operating in the traditional Chinese medicinal industry. The company produces modern pharmaceuticals and operates retail businesses and medical services. Its products are Children Qingfei oral liquid, Rana oil granules, Ejiao, and others.

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