Bio-Thera Solutions (SHSE:688177) Days Payable : 178.01 (As of Jun. 2024)

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What is Bio-Thera Solutions Days Payable?

Bio-Thera Solutions's average Accounts Payable for the three months ended in Jun. 2024 was ¥165.6 Mil. Bio-Thera Solutions's Cost of Goods Sold for the three months ended in Jun. 2024 was ¥84.9 Mil. Hence, Bio-Thera Solutions's Days Payable for the three months ended in Jun. 2024 was 178.01.

The historical rank and industry rank for Bio-Thera Solutions's Days Payable or its related term are showing as below:

SHSE:688177' s Days Payable Range Over the Past 10 Years
Min: 123.94 Med: 2183.23 Max: 360159.47
Current: 234.4

During the past 8 years, Bio-Thera Solutions's highest Days Payable was 360159.47. The lowest was 123.94. And the median was 2183.23.

SHSE:688177's Days Payable is ranked better than
62.22% of 720 companies
in the Biotechnology industry
Industry Median: 134.16 vs SHSE:688177: 234.40

Bio-Thera Solutions's Days Payable declined from Jun. 2023 (311.71) to Jun. 2024 (178.01). It may suggest that Bio-Thera Solutions accelerated paying its suppliers.

Bio-Thera Solutions Days Payable Historical Data

The historical data trend for Bio-Thera Solutions'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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Bio-Thera Solutions Days Payable Chart

Bio-Thera Solutions Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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360,159.47

2,183.23

668.88

123.94

240.97

Bio-Thera Solutions 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															311.71	298.68	214.09	299.39	178.01

Competitive Comparison of Bio-Thera Solutions's Days Payable

For the Biotechnology subindustry, Bio-Thera Solutions'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.

Bio-Thera Solutions's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Bio-Thera Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Bio-Thera Solutions's Days Payable falls into.

Bio-Thera Solutions 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.

Bio-Thera Solutions'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
=	( (83.771	+	171.454)	/	2 )	/	193.299	*	365
=	127.6125					/	193.299	*	365
=	240.97

Bio-Thera Solutions'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
=	( (147.663	+	183.497)	/	2 )	/	84.879	*	365 / 4
=	165.58					/	84.879	*	365 / 4
=	178.01

Bio-Thera Solutions Days Payable Related Terms

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Bio-Thera Solutions Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Bio-Thera Solutions Ltd (SHSE:688177) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

5th Floor, Building A6, 11 Kaiyuan Avenue, Guangzhou High-tech Industrial Development Zone, Science City, Guangdong Province, Guangzhou, CHN, 510530

Website

https://www.bio-thera.com

Bio-Thera Solutions Ltd is engaged in research, development, and production of drugs and biosimilars. The company provides drug research and development; biotechnology consulting and communication services; services; medical research and experimental development; biological drug manufacturing; and pharmaceuticals retail.

Bio-Thera Solutions Headlines

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