Huadong Medicine Co (SZSE:000963) Days Payable : 76.51 (As of Mar. 2024)

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What is Huadong Medicine Co Days Payable?

Huadong Medicine Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,933 Mil. Huadong Medicine Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7,076 Mil. Hence, Huadong Medicine Co's Days Payable for the three months ended in Mar. 2024 was 76.51.

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

SZSE:000963' s Days Payable Range Over the Past 10 Years
Min: 63.87 Med: 68.56 Max: 83.3
Current: 83.3

During the past 13 years, Huadong Medicine Co's highest Days Payable was 83.30. The lowest was 63.87. And the median was 68.56.

SZSE:000963's Days Payable is ranked worse than
52.2% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs SZSE:000963: 83.30

Huadong Medicine Co's Days Payable declined from Mar. 2023 (82.33) to Mar. 2024 (76.51). It may suggest that Huadong Medicine Co accelerated paying its suppliers.

Huadong Medicine Co Days Payable Historical Data

The historical data trend for Huadong Medicine 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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Huadong Medicine Co Days Payable Chart

Huadong Medicine Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

67.24

72.06

68.72

74.06

79.78

Huadong Medicine Co 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															82.33	81.93	90.28	88.54	76.51

Competitive Comparison of Huadong Medicine Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Huadong Medicine 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.

Huadong Medicine Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Huadong Medicine Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Huadong Medicine Co's Days Payable falls into.

Huadong Medicine 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.

Huadong Medicine 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
=	( (5902.439	+	6102.254)	/	2 )	/	27461.732	*	365
=	6002.3465					/	27461.732	*	365
=	79.78

Huadong Medicine 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
=	( (6102.254	+	5764.029)	/	2 )	/	7076.397	*	365 / 4
=	5933.1415					/	7076.397	*	365 / 4
=	76.51

Huadong Medicine Co Days Payable Related Terms

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Huadong Medicine Co (SZSE:000963) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Huadong Medicine Co Ltd (SZSE:000963) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

468 Yan’an Road, Floor 7, 9 and 10, Gate No. 1, Building No. 1, Hangzhou, CHN, 310006

Website

http://www.eastchinapharm.com

Huadong Medicine Co Ltd is engaged in the production and sales of antibiotics, proprietary Chinese medicine, chemical synthetic medicine and genetic engineering drugs products. It is also engaged in the wholesale, retail and distribution business of Chinese and western medicine, Chinese herbal medicine, medical apparatus, and instruments. The main business of the company is divided into pharmaceutical business sales and the industry of pharmaceutical. The product portfolio of the company includes Corbrin capsule, Cymusi, New Cyspin, Kasiping, Panlisu, Acarbose, and others.

Huadong Medicine Co (SZSE:000963) Headlines

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