Zhejiang Huakang Pharmaceutical Co (SHSE:605077) Days Payable : 64.21 (As of Mar. 2024)

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What is Zhejiang Huakang Pharmaceutical Co Days Payable?

Zhejiang Huakang Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥339 Mil. Zhejiang Huakang Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥482 Mil. Hence, Zhejiang Huakang Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 64.21.

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

SHSE:605077' s Days Payable Range Over the Past 10 Years
Min: 59.98 Med: 73.7 Max: 93.18
Current: 65.78

During the past 8 years, Zhejiang Huakang Pharmaceutical Co's highest Days Payable was 93.18. The lowest was 59.98. And the median was 73.70.

SHSE:605077's Days Payable is ranked better than
55.16% of 1501 companies
in the Chemicals industry
Industry Median: 60.44 vs SHSE:605077: 65.78

Zhejiang Huakang Pharmaceutical Co's Days Payable declined from Mar. 2023 (67.08) to Mar. 2024 (64.21). It may suggest that Zhejiang Huakang Pharmaceutical Co accelerated paying its suppliers.

Zhejiang Huakang Pharmaceutical Co Days Payable Historical Data

The historical data trend for Zhejiang Huakang 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 Huakang Pharmaceutical Co Days Payable Chart

Zhejiang Huakang Pharmaceutical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

79.85

84.65

62.93

61.27

59.98

Zhejiang Huakang Pharmaceutical Co Quarterly Data
	Dec18	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															67.08	68.89	73.86	59.71	64.21

Competitive Comparison of Zhejiang Huakang Pharmaceutical Co's Days Payable

For the Chemicals subindustry, Zhejiang Huakang 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 Huakang Pharmaceutical Co's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Zhejiang Huakang Pharmaceutical Co's Days Payable distribution charts can be found below:

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

Zhejiang Huakang 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 Huakang 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
=	( (341.13	+	352.25)	/	2 )	/	2109.775	*	365
=	346.69					/	2109.775	*	365
=	59.98

Zhejiang Huakang 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
=	( (352.25	+	326.559)	/	2 )	/	482.352	*	365 / 4
=	339.4045					/	482.352	*	365 / 4
=	64.21

Zhejiang Huakang Pharmaceutical Co Days Payable Related Terms

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Zhejiang Huakang Pharmaceutical Co (SHSE:605077) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Zhejiang Huakang Pharmaceutical Co Ltd (SHSE:605077) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 18, Huagong Road, Huabu Town, Zhejiang Province, Kaihua County, Quzhou, CHN, 324302

Website

http://www.huakangpharma.com

Zhejiang Huakang Pharmaceutical Co Ltd is engaged in the research and development, production and sales of various functional sugar alcohols and starch sugar products such as xylitol, sorbitol, maltitol, fructose syrup and others.

Executives

Du Yong Rui	Director
Zheng Fang Ming	senior management
Jiang Xue Song	Supervisors
Yu Jian Ming	Directors, senior managers
Chen De Shui	Directors, senior managers
Xu Xiao Rong	Director
Cheng Xin Ping	Directors, senior managers
Yan Xiao Xing	Supervisors
Cao Jian Hong	Director

Zhejiang Huakang Pharmaceutical Co (SHSE:605077) Headlines

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