HOB Biotech Group (SHSE:688656) Days Payable : 77.80 (As of Mar. 2024)

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What is HOB Biotech Group Days Payable?

HOB Biotech Group's average Accounts Payable for the three months ended in Mar. 2024 was ¥27.7 Mil. HOB Biotech Group's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥32.5 Mil. Hence, HOB Biotech Group's Days Payable for the three months ended in Mar. 2024 was 77.80.

The historical rank and industry rank for HOB Biotech Group's Days Payable or its related term are showing as below:

SHSE:688656' s Days Payable Range Over the Past 10 Years
Min: 19.38 Med: 33.64 Max: 91.85
Current: 69.63

During the past 8 years, HOB Biotech Group's highest Days Payable was 91.85. The lowest was 19.38. And the median was 33.64.

SHSE:688656's Days Payable is ranked worse than
52.42% of 784 companies
in the Medical Devices & Instruments industry
Industry Median: 72.505 vs SHSE:688656: 69.63

HOB Biotech Group's Days Payable declined from Mar. 2023 (94.54) to Mar. 2024 (77.80). It may suggest that HOB Biotech Group accelerated paying its suppliers.

HOB Biotech Group Days Payable Historical Data

The historical data trend for HOB Biotech Group'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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HOB Biotech Group Days Payable Chart

HOB Biotech Group Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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19.38

31.96

34.53

91.85

88.24

HOB Biotech Group 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															94.54	61.26	77.00	66.53	77.80

Competitive Comparison of HOB Biotech Group's Days Payable

For the Medical Devices subindustry, HOB Biotech Group'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.

HOB Biotech Group's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, HOB Biotech Group's Days Payable distribution charts can be found below:

* The bar in red indicates where HOB Biotech Group's Days Payable falls into.

HOB Biotech Group 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.

HOB Biotech Group'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
=	( (48.33	+	23.909)	/	2 )	/	149.413	*	365
=	36.1195					/	149.413	*	365
=	88.24

HOB Biotech Group'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
=	( (23.909	+	31.439)	/	2 )	/	32.457	*	365 / 4
=	27.674					/	32.457	*	365 / 4
=	77.80

HOB Biotech Group Days Payable Related Terms

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HOB Biotech Group (SHSE:688656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » HOB Biotech Group Corp Ltd (SHSE:688656) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 218 Xinghu Road, Suzhou Industrial Park, C10 Building, Jiangsu, Suzhou, CHN, 215123

Website

http://www.hob-biotech.com

HOB Biotech Group Corp Ltd is an in vitro diagnostic company. The firm is specialized in providing diagnostic tools to laboratories and hospitals for the improvement of allergy and autoimmune disease patient care.

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