Shenzhen Weiguang Biological Products Co (SZSE:002880) Days Payable : 47.58 (As of Mar. 2024)

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What is Shenzhen Weiguang Biological Products Co Days Payable?

Shenzhen Weiguang Biological Products Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥67 Mil. Shenzhen Weiguang Biological Products Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥128 Mil. Hence, Shenzhen Weiguang Biological Products Co's Days Payable for the three months ended in Mar. 2024 was 47.58.

The historical rank and industry rank for Shenzhen Weiguang Biological Products Co's Days Payable or its related term are showing as below:

SZSE:002880' s Days Payable Range Over the Past 10 Years
Min: 8.63 Med: 13.62 Max: 32.83
Current: 25.89

During the past 12 years, Shenzhen Weiguang Biological Products Co's highest Days Payable was 32.83. The lowest was 8.63. And the median was 13.62.

SZSE:002880's Days Payable is ranked worse than
92.12% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.34 vs SZSE:002880: 25.89

Shenzhen Weiguang Biological Products Co's Days Payable increased from Mar. 2023 (25.83) to Mar. 2024 (47.58). It may suggest that Shenzhen Weiguang Biological Products Co delayed paying its suppliers.

Shenzhen Weiguang Biological Products Co Days Payable Historical Data

The historical data trend for Shenzhen Weiguang Biological Products 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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Shenzhen Weiguang Biological Products Co Days Payable Chart

Shenzhen Weiguang Biological Products Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

13.07

14.16

18.05

26.55

32.83

Shenzhen Weiguang Biological Products 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															25.83	20.94	15.02	23.05	47.58

Competitive Comparison of Shenzhen Weiguang Biological Products Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Shenzhen Weiguang Biological Products 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.

Shenzhen Weiguang Biological Products Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Shenzhen Weiguang Biological Products Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shenzhen Weiguang Biological Products Co's Days Payable falls into.

Shenzhen Weiguang Biological Products 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.

Shenzhen Weiguang Biological Products 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
=	( (33.145	+	77.545)	/	2 )	/	615.259	*	365
=	55.345					/	615.259	*	365
=	32.83

Shenzhen Weiguang Biological Products 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
=	( (77.545	+	56.311)	/	2 )	/	128.362	*	365 / 4
=	66.928					/	128.362	*	365 / 4
=	47.58

Shenzhen Weiguang Biological Products Co Days Payable Related Terms

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Shenzhen Weiguang Biological Products Co (SZSE:002880) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Shenzhen Weiguang Biological Products Co Ltd (SZSE:002880) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Guangming Street, No. 3402, Guangqiao Avenue, Guangming New District, Guangdong Province, Guangming, CHN, 518107

Website

http://www.szwg.com

Shenzhen Weiguang Biological Products Co Ltd is the pharmaceutical company. It is mainly engaged in the research and development, production and sales of blood products. The company's products portfolio includes human albumin, intravenous immunoglobulin (pH4), lyophilized human immunoglobulin (pH4), human immunoglobulin, hepatitis B human immunoglobulin, rabies immunoglobulin, tetanus Human immunoglobulin, histamine human immunoglobulin, human fibrinogen, a total of 21 varieties of 21 specifications.

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