Cachet Pharmaceutical Co (SZSE:002462) Days Payable : 74.81 (As of Mar. 2024)

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What is Cachet Pharmaceutical Co Days Payable?

Cachet Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥5,758 Mil. Cachet Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥7,023 Mil. Hence, Cachet Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 74.81.

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

SZSE:002462' s Days Payable Range Over the Past 10 Years
Min: 65.28 Med: 72.44 Max: 90.53
Current: 72.87

During the past 13 years, Cachet Pharmaceutical Co's highest Days Payable was 90.53. The lowest was 65.28. And the median was 72.44.

SZSE:002462's Days Payable is ranked better than
56.76% of 592 companies
in the Healthcare Providers & Services industry
Industry Median: 62.115 vs SZSE:002462: 72.87

Cachet Pharmaceutical Co's Days Payable declined from Mar. 2023 (79.52) to Mar. 2024 (74.81). It may suggest that Cachet Pharmaceutical Co accelerated paying its suppliers.

Cachet Pharmaceutical Co Days Payable Historical Data

The historical data trend for Cachet Pharmaceutical 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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Cachet Pharmaceutical Co Days Payable Chart

Cachet Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

65.28

69.20

66.34

73.89

72.81

Cachet Pharmaceutical 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															79.52	68.98	82.12	68.34	74.81

Competitive Comparison of Cachet Pharmaceutical Co's Days Payable

For the Pharmaceutical Retailers subindustry, Cachet Pharmaceutical 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.

Cachet Pharmaceutical Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Cachet Pharmaceutical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cachet Pharmaceutical Co's Days Payable falls into.

Cachet Pharmaceutical 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.

Cachet Pharmaceutical 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
=	( (5319.521	+	5858.079)	/	2 )	/	28018.527	*	365
=	5588.8					/	28018.527	*	365
=	72.81

Cachet Pharmaceutical 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
=	( (5858.079	+	5658.104)	/	2 )	/	7023.243	*	365 / 4
=	5758.0915					/	7023.243	*	365 / 4
=	74.81

Cachet Pharmaceutical Co Days Payable Related Terms

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Cachet Pharmaceutical Co (SZSE:002462) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Cachet Pharmaceutical Co Ltd (SZSE:002462) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Building 1, No. 11 Kun Ming Hu South Road, Haidian District, Beijing, CHN, 100195

Website

http://www.cachet.com.cn

Cachet Pharmaceutical Co Ltd is a state-owned stock company. Its main business includes: Medicine supply to hospitals, wholesaling of biological products, medical instruments, and traditional Chinese medicines. The Company also involved in pharmaceutical logistics and retail pharmacy chain.

Executives

Xu Shuai	Director
Shen Fang	Executives
Bo Shi Jun	Executives
Feng Ze Ju	Executives
Xue Cui Ping	Executives
Wang Ying	Executives
Gao Ning	Supervisors
Wang Xin Xia	Directors, executives
Weng Xian Ding	Supervisors
Li Tie Jun	Executives

Cachet Pharmaceutical Co (SZSE:002462) Headlines

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