Chongqing Genrix Biopharmaceutical Co (SHSE:688443) Days Payable : 3,658,121.25 (As of Mar. 2024)

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What is Chongqing Genrix Biopharmaceutical Co Days Payable?

Chongqing Genrix Biopharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥80.18 Mil. Chongqing Genrix Biopharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥0.00 Mil. Hence, Chongqing Genrix Biopharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 3,658,121.25.

The historical rank and industry rank for Chongqing Genrix Biopharmaceutical Co's Days Payable or its related term are showing as below:

SHSE:688443' s Days Payable Range Over the Past 10 Years
Min: 751.64 Med: 37209.04 Max: 784914.25
Current: 42643.88

During the past 5 years, Chongqing Genrix Biopharmaceutical Co's highest Days Payable was 784914.25. The lowest was 751.64. And the median was 37209.04.

SHSE:688443's Days Payable is ranked better than
98.06% of 720 companies
in the Biotechnology industry
Industry Median: 148.53 vs SHSE:688443: 42643.88

Chongqing Genrix Biopharmaceutical Co's Days Payable increased from Mar. 2023 (66,651.00) to Mar. 2024 (3,658,121.25). It may suggest that Chongqing Genrix Biopharmaceutical Co delayed paying its suppliers.

Chongqing Genrix Biopharmaceutical Co Days Payable Historical Data

The historical data trend for Chongqing Genrix Biopharmaceutical 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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Chongqing Genrix Biopharmaceutical Co Days Payable Chart

Chongqing Genrix Biopharmaceutical Co Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

784,914.25

17,110.61

751.64

39,483.13

37,209.04

Chongqing Genrix Biopharmaceutical Co Quarterly Data
	Dec19	Dec20	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial								66,651.00	2,119,889.58	3,285,615.94	11,447.37	3,658,121.25

Competitive Comparison of Chongqing Genrix Biopharmaceutical Co's Days Payable

For the Biotechnology subindustry, Chongqing Genrix Biopharmaceutical 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.

Chongqing Genrix Biopharmaceutical Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Chongqing Genrix Biopharmaceutical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Chongqing Genrix Biopharmaceutical Co's Days Payable falls into.

Chongqing Genrix Biopharmaceutical 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.

Chongqing Genrix Biopharmaceutical 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
=	( (67.839	+	83.036)	/	2 )	/	0.74	*	365
=	75.4375					/	0.74	*	365
=	37,209.04

Chongqing Genrix Biopharmaceutical 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
=	( (83.036	+	77.32)	/	2 )	/	0.002	*	365 / 4
=	80.178					/	0.002	*	365 / 4
=	3,658,121.25

Chongqing Genrix Biopharmaceutical Co Days Payable Related Terms

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Chongqing Genrix Biopharmaceutical Co (SHSE:688443) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Chongqing Genrix Biopharmaceutical Co Ltd (SHSE:688443) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 699, Maliu Avenue, Area A, Building 2, International Bio City, Banan, Chongqing, CHN, 401338

Website

http://www.genrixbio.com

Chongqing Genrix Biopharmaceutical Co Ltd is engaged in the research & development, production and sales of antibody drugs. The company has a total of more than ten products under research covering three major therapeutic areas. The progress of core products is leading, and some product pipelines are as follows; autoimmune disease, infectious disease, and tumor. Its product Xeligekimab injection (Xeligekimab) is a recombinant fully human anti-IL-17A monoclonal antibody independently developed by the company, which has been accepted by the National Medical Products Administration (NMPA) for new drug marketing applications.

Executives

Jiang Ren Sheng

Director

Chongqing Genrix Biopharmaceutical Co (SHSE:688443) Headlines

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