Asymchem Laboratories Tianjin Co (SZSE:002821) Days Payable : 49.61 (As of Mar. 2024)

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What is Asymchem Laboratories Tianjin Co Days Payable?

Asymchem Laboratories Tianjin Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥430 Mil. Asymchem Laboratories Tianjin Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥791 Mil. Hence, Asymchem Laboratories Tianjin Co's Days Payable for the three months ended in Mar. 2024 was 49.61.

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

SZSE:002821' s Days Payable Range Over the Past 10 Years
Min: 37.89 Med: 71.73 Max: 84.62
Current: 43.12

During the past 13 years, Asymchem Laboratories Tianjin Co's highest Days Payable was 84.62. The lowest was 37.89. And the median was 71.73.

SZSE:002821's Days Payable is ranked worse than
76.98% of 721 companies
in the Biotechnology industry
Industry Median: 148.78 vs SZSE:002821: 43.12

Asymchem Laboratories Tianjin Co's Days Payable increased from Mar. 2023 (36.94) to Mar. 2024 (49.61). It may suggest that Asymchem Laboratories Tianjin Co delayed paying its suppliers.

Asymchem Laboratories Tianjin Co Days Payable Historical Data

The historical data trend for Asymchem Laboratories Tianjin 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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Asymchem Laboratories Tianjin Co Days Payable Chart

Asymchem Laboratories Tianjin Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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73.92

69.99

65.76

37.89

48.83

Asymchem Laboratories Tianjin 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															36.94	35.49	48.60	43.31	49.61

Competitive Comparison of Asymchem Laboratories Tianjin Co's Days Payable

For the Biotechnology subindustry, Asymchem Laboratories Tianjin 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.

Asymchem Laboratories Tianjin Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Asymchem Laboratories Tianjin Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Asymchem Laboratories Tianjin Co's Days Payable falls into.

Asymchem Laboratories Tianjin 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.

Asymchem Laboratories Tianjin 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
=	( (568.892	+	453.62)	/	2 )	/	3821.8	*	365
=	511.256					/	3821.8	*	365
=	48.83

Asymchem Laboratories Tianjin 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
=	( (453.62	+	405.986)	/	2 )	/	790.599	*	365 / 4
=	429.803					/	790.599	*	365 / 4
=	49.61

Asymchem Laboratories Tianjin Co Days Payable Related Terms

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Asymchem Laboratories Tianjin Co (SZSE:002821) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Asymchem Laboratories Tianjin Co Ltd (SZSE:002821) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

06821:Hong Kong 7K90:Germany

Address

No. 6 Dongting Third Street, Economic and Technological Development Zone, Tianjin, CHN, 300457

Website

https://www.asymchem.com

Asymchem Laboratories Tianjin Co Ltd is a China-based company, a technology-driven provider of Contract Development Manufacture Organization solutions throughout the drug development and manufacturing process. The Group provides clinical-stage CDMO solutions, commercial-stage CDMO solutions, and emerging services. Its operations relate to contract development and manufacturing which focuses on innovation and commercial application of global pharmaceutical technology.

Executives

Xiao Yi	Executives
Xu Xiang Ke	Directors, executives
Zhou Yan	Executives
Chen Chao Yong	Executives
Huang Xiao Lian	Executives
Yang Jing	Director
	Executives

Asymchem Laboratories Tianjin Co (SZSE:002821) Headlines

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