Ningbo Menovo Pharmaceutical Co (SHSE:603538) Days Payable : 279.92 (As of Mar. 2024)

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What is Ningbo Menovo Pharmaceutical Co Days Payable?

Ningbo Menovo Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥514 Mil. Ningbo Menovo Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥168 Mil. Hence, Ningbo Menovo Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 279.92.

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

SHSE:603538' s Days Payable Range Over the Past 10 Years
Min: 119.37 Med: 151.68 Max: 228.53
Current: 217.98

During the past 13 years, Ningbo Menovo Pharmaceutical Co's highest Days Payable was 228.53. The lowest was 119.37. And the median was 151.68.

SHSE:603538's Days Payable is ranked better than
84.7% of 974 companies
in the Drug Manufacturers industry
Industry Median: 88.685 vs SHSE:603538: 217.98

Ningbo Menovo Pharmaceutical Co's Days Payable increased from Mar. 2023 (260.33) to Mar. 2024 (279.92). It may suggest that Ningbo Menovo Pharmaceutical Co delayed paying its suppliers.

Ningbo Menovo Pharmaceutical Co Days Payable Historical Data

The historical data trend for Ningbo Menovo Pharmaceutical 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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Ningbo Menovo Pharmaceutical Co Days Payable Chart

Ningbo Menovo Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

143.31

163.88

176.07

185.76

228.53

Ningbo Menovo Pharmaceutical 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															260.33	183.76	208.82	230.20	279.92

Competitive Comparison of Ningbo Menovo Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Ningbo Menovo Pharmaceutical 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.

Ningbo Menovo Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Ningbo Menovo Pharmaceutical 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.

Ningbo Menovo Pharmaceutical 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
=	( (499.319	+	553.702)	/	2 )	/	840.937	*	365
=	526.5105					/	840.937	*	365
=	228.53

Ningbo Menovo Pharmaceutical 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
=	( (553.702	+	474.137)	/	2 )	/	167.532	*	365 / 4
=	513.9195					/	167.532	*	365 / 4
=	279.92

Ningbo Menovo Pharmaceutical Co Days Payable Related Terms

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Ningbo Menovo Pharmaceutical Co (SHSE:603538) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Ningbo Menovo Pharmaceutical Co Ltd (SHSE:603538) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No.999,Yangfan Road, Room 1406, No.1, High-tech Zone, Ningbo, CHN, 315040

Website

http://www.menovopharm.com

Ningbo Menovo Pharmaceutical Co Ltd is a China-based company is engaged in the research and development, pilot, production and sales of pharmaceutical intermediates, APIs and finished drugs. Its products line includes cardiovascular, central nervous, respiratory, anti-tumor, anti-infective, digestive system, geriatric diseases and anti-viral systems.

Executives

Xu Jian	senior management
Cao Qian	Director
Yao Fang	Director
Ying Gao Feng	Director
Sun Yan	Director
Shi Jian Xiang	Director
Wu Feng Yun	Director
Tu Ying	Director
Yao Cheng Zhi	Director
Zheng Hui Lin	Supervisors
Jiao Hua	senior management

Ningbo Menovo Pharmaceutical Co (SHSE:603538) Headlines

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