Jianmin Pharmaceutical Group Co (SHSE:600976) Days Payable : 136.87 (As of Mar. 2024)

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What is Jianmin Pharmaceutical Group Co Days Payable?

Jianmin Pharmaceutical Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥837 Mil. Jianmin Pharmaceutical Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥558 Mil. Hence, Jianmin Pharmaceutical Group Co's Days Payable for the three months ended in Mar. 2024 was 136.87.

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

SHSE:600976' s Days Payable Range Over the Past 10 Years
Min: 37.04 Med: 59.12 Max: 111.92
Current: 109.44

During the past 13 years, Jianmin Pharmaceutical Group Co's highest Days Payable was 111.92. The lowest was 37.04. And the median was 59.12.

SHSE:600976's Days Payable is ranked better than
62.33% of 977 companies
in the Drug Manufacturers industry
Industry Median: 87.27 vs SHSE:600976: 109.44

Jianmin Pharmaceutical Group Co's Days Payable increased from Mar. 2023 (109.41) to Mar. 2024 (136.87). It may suggest that Jianmin Pharmaceutical Group Co delayed paying its suppliers.

Jianmin Pharmaceutical Group Co Days Payable Historical Data

The historical data trend for Jianmin Pharmaceutical Group 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.

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Jianmin Pharmaceutical Group Co Days Payable Chart

Jianmin Pharmaceutical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

59.52

76.73

72.86

87.13

111.92

Jianmin Pharmaceutical Group 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															109.41	84.01	111.70	101.51	136.87

Competitive Comparison of Jianmin Pharmaceutical Group Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Jianmin Pharmaceutical Group 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.

Jianmin Pharmaceutical Group Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Jianmin Pharmaceutical Group Co's Days Payable falls into.

Jianmin Pharmaceutical Group 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.

Jianmin Pharmaceutical Group 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
=	( (611.065	+	782.911)	/	2 )	/	2273.133	*	365
=	696.988					/	2273.133	*	365
=	111.92

Jianmin Pharmaceutical Group 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
=	( (782.911	+	890.486)	/	2 )	/	557.828	*	365 / 4
=	836.6985					/	557.828	*	365 / 4
=	136.87

Jianmin Pharmaceutical Group Co Days Payable Related Terms

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Jianmin Pharmaceutical Group Co (SHSE:600976) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Jianmin Pharmaceutical Group Co Ltd (SHSE:600976) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 484 Parrot Avenue, Hanyang District, Wuhan, CHN, 430052

Website

http://www.whjm.com

Jianmin Pharmaceutical Group Co Ltd is engaged in the manufacture and distribution of pharmaceutical products. It adheres to the core position of pediatric medicine, gynecological medicine, and special Chinese medicine, it offers products under Jianmin and Longmu brands.

Jianmin Pharmaceutical Group Co (SHSE:600976) Headlines

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