Nanjing Well Pharmaceutical Group Co (SHSE:603351) Days Payable : 33.48 (As of Mar. 2025)

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What is Nanjing Well Pharmaceutical Group Co Days Payable?

Nanjing Well Pharmaceutical Group Co's average Accounts Payable for the three months ended in Mar. 2025 was ¥95 Mil. Nanjing Well Pharmaceutical Group Co's Cost of Goods Sold for the three months ended in Mar. 2025 was ¥259 Mil. Hence, Nanjing Well Pharmaceutical Group Co's Days Payable for the three months ended in Mar. 2025 was 33.48.

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

SHSE:603351' s Days Payable Range Over the Past 10 Years
Min: 37.84 Med: 55.22 Max: 89.43
Current: 37.84

During the past 11 years, Nanjing Well Pharmaceutical Group Co's highest Days Payable was 89.43. The lowest was 37.84. And the median was 55.22.

SHSE:603351's Days Payable is ranked worse than
84.28% of 935 companies
in the Drug Manufacturers industry
Industry Median: 87.07 vs SHSE:603351: 37.84

Nanjing Well Pharmaceutical Group Co's Days Payable declined from Mar. 2024 (40.86) to Mar. 2025 (33.48). It may suggest that Nanjing Well Pharmaceutical Group Co accelerated paying its suppliers.

Nanjing Well Pharmaceutical Group Co Days Payable Historical Data

The historical data trend for Nanjing Well 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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Nanjing Well Pharmaceutical Group Co Days Payable Chart

Nanjing Well Pharmaceutical Group Co Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Days Payable

Get a 7-Day Free Trial

89.43

76.32

60.73

50.11

40.17

Nanjing Well Pharmaceutical Group Co Quarterly Data
	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25
Days Payable	Get a 7-Day Free Trial															40.86	37.02	36.81	44.35	33.48

Competitive Comparison of Nanjing Well Pharmaceutical Group Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Nanjing Well 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.

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

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

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

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Nanjing Well 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.

Nanjing Well Pharmaceutical Group Co's Days Payable for the fiscal year that ended in Dec. 2024 is calculated as

	Days Payable (A: Dec. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2023 )	+	Accounts Payable (A: Dec. 2024 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2024 )	*	Days in Period
=	( (105.824	+	98.757)	/	2 )	/	929.479	*	365
=	102.2905					/	929.479	*	365
=	40.17

Nanjing Well Pharmaceutical Group Co's Days Payable for the quarter that ended in Mar. 2025 is calculated as:

	Days Payable (Q: Mar. 2025 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2024 )	+	Accounts Payable (Q: Mar. 2025 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2025 )	*	Days in Period
=	( (98.757	+	91.037)	/	2 )	/	258.644	*	365 / 4
=	94.897					/	258.644	*	365 / 4
=	33.48

Nanjing Well Pharmaceutical Group Co Days Payable Related Terms

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Nanjing Well Pharmaceutical Group Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nanjing Well Pharmaceutical Group Co Ltd (SHSE:603351) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 99, Changfeng Hexi Road, Nanjing Chemical Industry Park, Jiangsu Province, Nanjing, CHN, 210000

Website

http://www.well-js.com

Nanjing Well Pharmaceutical Group Co Ltd is engaged in research and development, production and sales of pharmaceutical auxiliary materials and synthetic lubricating base oil and other products. The company uses a variety of pharmaceutical dosage forms such as injection, oral administration and external use to guarantee the molding, effectiveness, stability and safety of pharmaceutical dosage forms.

Executives

Zou Jian Guo	senior management
Wang Fu Qiu	Directors, senior managers
Wu Rong Wen	Supervisors

Nanjing Well Pharmaceutical Group Co Headlines

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