Zhejiang Cheng Yi Pharmaceutical Co (SHSE:603811) Days Payable : 212.05 (As of Mar. 2024)

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What is Zhejiang Cheng Yi Pharmaceutical Co Days Payable?

Zhejiang Cheng Yi Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥105.1 Mil. Zhejiang Cheng Yi Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥45.2 Mil. Hence, Zhejiang Cheng Yi Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 212.05.

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

SHSE:603811' s Days Payable Range Over the Past 10 Years
Min: 51.31 Med: 77.14 Max: 133.75
Current: 117.16

During the past 13 years, Zhejiang Cheng Yi Pharmaceutical Co's highest Days Payable was 133.75. The lowest was 51.31. And the median was 77.14.

SHSE:603811's Days Payable is ranked better than
63.76% of 974 companies
in the Drug Manufacturers industry
Industry Median: 89.21 vs SHSE:603811: 117.16

Zhejiang Cheng Yi Pharmaceutical Co's Days Payable increased from Mar. 2023 (99.09) to Mar. 2024 (212.05). It may suggest that Zhejiang Cheng Yi Pharmaceutical Co delayed paying its suppliers.

Zhejiang Cheng Yi Pharmaceutical Co Days Payable Historical Data

The historical data trend for Zhejiang Cheng Yi 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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Zhejiang Cheng Yi Pharmaceutical Co Days Payable Chart

Zhejiang Cheng Yi Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

118.74

133.75

107.09

99.08

131.76

Zhejiang Cheng Yi 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															99.09	81.45	95.56	105.12	212.05

Competitive Comparison of Zhejiang Cheng Yi Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Zhejiang Cheng Yi 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.

Zhejiang Cheng Yi Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Zhejiang Cheng Yi Pharmaceutical Co's Days Payable falls into.

Zhejiang Cheng Yi 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.

Zhejiang Cheng Yi 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
=	( (54.789	+	118.913)	/	2 )	/	240.598	*	365
=	86.851					/	240.598	*	365
=	131.76

Zhejiang Cheng Yi 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
=	( (118.913	+	91.304)	/	2 )	/	45.231	*	365 / 4
=	105.1085					/	45.231	*	365 / 4
=	212.05

Zhejiang Cheng Yi Pharmaceutical Co Days Payable Related Terms

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Zhejiang Cheng Yi Pharmaceutical Co (SHSE:603811) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Zhejiang Cheng Yi Pharmaceutical Co Ltd (SHSE:603811) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 118, Chemical Road, Dongtou District, Zhejiang Province, Wenzhou, CHN, 325700

Website

http://www.chengyipharma.com

Zhejiang Cheng Yi Pharmaceutical Co Ltd is a pharmaceutical company that produces capsules, injections, tablets, APIs, and pharmaceutical intermediates in China. Its main products include glucosamine hydrochloride raw materials and preparations, torasemide injection and capsules, Gastrodin raw materials, ribavirin and purine raw materials, and so on.

Executives

Ke Ze Hui	Director
Ren Bing Jun	Director
Yan Yi Yi	Director
Ceng Huan Qun	Director
Li Shi Sheng	Director
Qiu Ke Rong	Director
Lv Sun Zhan	senior management
Zhang Gao Qiao	Supervisors
Zhang Zhi Hong	senior management
Mao Li Ping	senior management
Zhuang Xiao Ping	Director
Lin Xin Chen	senior management
Shen Ai Lan	Director
Zhang Fu Fu	Supervisors

Zhejiang Cheng Yi Pharmaceutical Co (SHSE:603811) Headlines

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