Changchun High-Tech Industry (Group) Co (SZSE:000661) Days Payable : 147.02 (As of Sep. 2024)

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What is Changchun High-Tech Industry (Group) Co Days Payable?

Changchun High-Tech Industry (Group) Co's average Accounts Payable for the three months ended in Sep. 2024 was ¥765 Mil. Changchun High-Tech Industry (Group) Co's Cost of Goods Sold for the three months ended in Sep. 2024 was ¥475 Mil. Hence, Changchun High-Tech Industry (Group) Co's Days Payable for the three months ended in Sep. 2024 was 147.02.

The historical rank and industry rank for Changchun High-Tech Industry (Group) Co's Days Payable or its related term are showing as below:

SZSE:000661' s Days Payable Range Over the Past 10 Years
Min: 66.39 Med: 91.91 Max: 150.86
Current: 150.6

During the past 13 years, Changchun High-Tech Industry (Group) Co's highest Days Payable was 150.86. The lowest was 66.39. And the median was 91.91.

SZSE:000661's Days Payable is ranked better than
76.22% of 946 companies
in the Drug Manufacturers industry
Industry Median: 84.93 vs SZSE:000661: 150.60

Changchun High-Tech Industry (Group) Co's Days Payable increased from Sep. 2023 (74.53) to Sep. 2024 (147.02). It may suggest that Changchun High-Tech Industry (Group) Co delayed paying its suppliers.

Changchun High-Tech Industry (Group) Co Days Payable Historical Data

The historical data trend for Changchun High-Tech Industry (Group) 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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Changchun High-Tech Industry (Group) Co Days Payable Chart

Changchun High-Tech Industry (Group) Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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81.48

98.25

128.48

150.86

126.75

Changchun High-Tech Industry (Group) Co Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															74.53	183.53	129.96	134.63	147.02

Competitive Comparison of Changchun High-Tech Industry (Group) Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Changchun High-Tech Industry (Group) 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.

Changchun High-Tech Industry (Group) Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Changchun High-Tech Industry (Group) Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Changchun High-Tech Industry (Group) Co's Days Payable falls into.

Changchun High-Tech Industry (Group) 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.

Changchun High-Tech Industry (Group) 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
=	( (628.52	+	791.065)	/	2 )	/	2043.95	*	365
=	709.7925					/	2043.95	*	365
=	126.75

Changchun High-Tech Industry (Group) Co's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (749.642	+	781.252)	/	2 )	/	475.091	*	365 / 4
=	765.447					/	475.091	*	365 / 4
=	147.02

Changchun High-Tech Industry (Group) Co Days Payable Related Terms

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Changchun High-Tech Industry (Group) Co Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Changchun High-Tech Industry (Group) Co Ltd (SZSE:000661) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Intersection of Zhenyu Street and Dongweishan Road, 27th Floor, Building B, Hi-Tech Hairong Plaza, Jilin Province, Changchun, CHN, 130012

Website

http://www.ccht.jl.cn

Changchun High-Tech Industry (Group) Co Ltd is engaged in the production and sales of biopharmaceuticals, Chinese patent medicine production, and real estate development.

Executives

Jiang Yun Tao	Directors, executives
Wang Zhi Gang	Directors, executives
Li Xiu Feng	Executives
Zhu Xing Gong	Executives
Li Shu	Supervisors
Ye Peng	Directors, executives
Jie Bing	Supervisors
Liu Yong Chuan	Supervisors
Li Hong Yu	Secretary Dong
Ma Ji	Director
Zhang De Shen	Secretary Dong
Zhu Xian Chao	Director
Zhao Shu Ping	Supervisors
An Ji Xiang	Directors, executives
Jin Lei	Director

Changchun High-Tech Industry (Group) Co Headlines

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