Shanghai Hile Bio-Technology Co (SHSE:603718) Days Payable : 125.56 (As of Jun. 2024)

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What is Shanghai Hile Bio-Technology Co Days Payable?

Shanghai Hile Bio-Technology Co's average Accounts Payable for the three months ended in Jun. 2024 was ¥22.9 Mil. Shanghai Hile Bio-Technology Co's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥16.6 Mil. Hence, Shanghai Hile Bio-Technology Co's Days Payable for the three months ended in Jun. 2024 was 125.56.

The historical rank and industry rank for Shanghai Hile Bio-Technology Co's Days Payable or its related term are showing as below:

SHSE:603718' s Days Payable Range Over the Past 10 Years
Min: 66.63 Med: 118.47 Max: 450.9
Current: 66.63

During the past 13 years, Shanghai Hile Bio-Technology Co's highest Days Payable was 450.90. The lowest was 66.63. And the median was 118.47.

SHSE:603718's Days Payable is ranked worse than
68.19% of 720 companies
in the Biotechnology industry
Industry Median: 135.18 vs SHSE:603718: 66.63

Shanghai Hile Bio-Technology Co's Days Payable increased from Jun. 2023 (112.09) to Jun. 2024 (125.56). It may suggest that Shanghai Hile Bio-Technology Co delayed paying its suppliers.

Shanghai Hile Bio-Technology Co Days Payable Historical Data

The historical data trend for Shanghai Hile Bio-Technology 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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Shanghai Hile Bio-Technology Co Days Payable Chart

Shanghai Hile Bio-Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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94.73

91.11

85.72

122.52

114.41

Shanghai Hile Bio-Technology Co Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															112.09	36.29	98.62	61.00	125.56

Competitive Comparison of Shanghai Hile Bio-Technology Co's Days Payable

For the Biotechnology subindustry, Shanghai Hile Bio-Technology 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.

Shanghai Hile Bio-Technology Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shanghai Hile Bio-Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Hile Bio-Technology Co's Days Payable falls into.

Shanghai Hile Bio-Technology 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.

Shanghai Hile Bio-Technology 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
=	( (43.213	+	30.139)	/	2 )	/	117.005	*	365
=	36.676					/	117.005	*	365
=	114.41

Shanghai Hile Bio-Technology Co's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (22.74	+	23.039)	/	2 )	/	16.635	*	365 / 4
=	22.8895					/	16.635	*	365 / 4
=	125.56

Shanghai Hile Bio-Technology Co Days Payable Related Terms

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Shanghai Hile Bio-Technology Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shanghai Hile Bio-Technology Co Ltd (SHSE:603718) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Shanghai Jinhai Road 6720, Shanghai, CHN, 201403

Website

http://www.hile-bio.com

Shanghai Hile Bio-Technology Co Ltd is a veterinary biological product manufacturer integrating research and development, production, sales, and service. The company has over 40 categories of poultry, livestock, and pets. The company provides services for the prevention of livestock diseases, improving the health of livestock and poultry, and improving the production efficiency of farmers, and is able to provide comprehensive solutions and an authoritative veterinary expert service system.

Executives

Zhang Lu	Director
Liu Han Ping	Directors, senior managers
Zhou Yu Sheng	Supervisors
Zhang Hai Ming	Director
Sun Guo Bao	Supervisors
Zhang Yue	Director
Su Bin	Director
Wu Ling Yue	senior management

Shanghai Hile Bio-Technology Co Headlines

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