China National Accord Medicines (SZSE:200028) Days Payable: 111.34 (As of Jun. 2026) — 23% Above Median

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SZSE:200028 China National Accord Medicines Corp Ltd SZSE:200028
82 GF Score
Price HK$12.02
GF Value HK$13.64
Valuation Modestly Undervalued
! 6 Warning Signs
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What is China National Accord Medicines Days Payable?

China National Accord Medicines SZSE:200028 -0.41% 82 Days Payable is 111.34 as of Jun. 2026, which is 23% above its 10-year median of 90.78. GuruFocus rates SZSE:200028 with a GF Score™ of 82/100 and a GF Value™ of HK$13.64 (Modestly Undervalued). The stock has 6 warning signs investors should review. Among 121 Medical Distribution companies, China National Accord Medicines ranks better than 71.9% on this metric.

China National Accord Medicines's average Accounts Payable for the three months ended in Jun. 2026 was HK$23,394 Mil. China National Accord Medicines's Cost of Goods Sold for the three months ended in Jun. 2026 was HK$19,173 Mil. Hence, China National Accord Medicines's Days Payable for the three months ended in Jun. 2026 was 111.34.

The historical rank and industry rank for China National Accord Medicines's Days Payable or its related term are showing as below:

SZSE:200028' s Days Payable Range Over the Past 10 Years
Min: 86.19   Med: 90.78   Max: 114.55
Current: 114.55

During the past 13 years, China National Accord Medicines's highest Days Payable was 114.55. The lowest was 86.19. And the median was 90.78.

SZSE:200028's Days Payable is ranked better than
71.9% of 121 companies
in the Medical Distribution industry
Industry Median: 78.2 vs SZSE:200028: 114.55

China National Accord Medicines's Days Payable increased from Jun. 2025 (108.26) to Jun. 2026 (111.34). It may suggest that China National Accord Medicines delayed paying its suppliers.


China National Accord Medicines Days Payable Related Terms


China National Accord Medicines Days Payable Historical Data

* Premium members only.

The historical data trend for China National Accord Medicines'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.

China National Accord Medicines Days Payable Chart

China National Accord Medicines Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 95.12 94.94 92.05 100.71 105.78

China National Accord Medicines Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 108.26 114.02 117.04 115.07 111.34

SZSE:200028 vs MCK, COR, CAH: Days Payable Comparison

For the Medical Distribution subindustry, China National Accord Medicines'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.


China National Accord Medicines Days Payable vs Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China National Accord Medicines's Days Payable distribution charts can be found below:

* The bar in red indicates where China National Accord Medicines's Days Payable falls into.


SZSE:200028
82GF Score
China National Accord Medicines Corp Ltd SZSE:200028
Days Payable is just one metric. See GF Score™, valuation, warning signs, and more.
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China National Accord Medicines 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.

China National Accord Medicines's Days Payable for the fiscal year that ended in Dec. 2025 is calculated as

Days Payable (A: Dec. 2025 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2024 ) + Accounts Payable (A: Dec. 2025 )) / count ) / Cost of Goods Sold (A: Dec. 2025 )*Days in Period
=( (19324.907 + 22664.432) / 2 ) / 72442.782*365
=20994.6695 / 72442.782*365
=105.78

China National Accord Medicines's Days Payable for the quarter that ended in Jun. 2026 is calculated as:

Days Payable (Q: Jun. 2026 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Mar. 2026 ) + Accounts Payable (Q: Jun. 2026 )) / count ) / Cost of Goods Sold (Q: Jun. 2026 )*Days in Period
=( (23300.812 + 23486.72) / 2 ) / 19173.326*365 / 4
=23393.766 / 19173.326*365 / 4
=111.34

* 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.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 111.34 mean?
China National Accord Medicines (SZSE:200028) has a Days Payable of 111.34 as of Jun. 2026. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China National Accord Medicines and its competitors. This is 23% above median its historical median of 90.78. Over the past decade, China National Accord Medicines' Days Payable has ranged from 86.19 to 114.55. According to the industry distribution chart, China National Accord Medicines ranks #34 out of 121 companies in the Medical Distribution industry, placing it in the top 28.1%.
Is China National Accord Medicines' Days Payable too high?
China National Accord Medicines' current Days Payable of 111.34 is 23% above median its 10-year median of 90.78. Over the past 10 years, this metric has ranged from a low of 86.19 to a high of 114.55. The Medical Distribution industry median Days Payable is 78.20. China National Accord Medicines' value of 111.34 is 42.4% above this industry median. Based on the distribution chart, China National Accord Medicines ranks #34 out of 121 companies in the Medical Distribution industry, which is above the industry midpoint. Overall, China National Accord Medicines has a GF Score™ of 82/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does China National Accord Medicines' Days Payable compare to MCK and COR?
According to the Medical Distribution industry distribution chart, China National Accord Medicines ranks #34 out of 121 companies for Days Payable. This puts China National Accord Medicines in the upper half of its industry. The industry median Days Payable is 78.20. China National Accord Medicines' value of 111.34 is 42.4% above this benchmark. Historically, China National Accord Medicines' own Days Payable has ranged from 86.19 to 114.55 over the past decade. While the company's 10-year median is 90.78 vs. the industry median of 78.20, China National Accord Medicines has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Medical Distribution company?
The median Days Payable among Medical Distribution companies is 78.20, based on 121 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. China National Accord Medicines's current Days Payable of 111.34 is 42.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on China National Accord Medicines and its competitors. For the Medical Distribution industry, the median Days Payable is 78.20 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. China National Accord Medicines's current Days Payable is 111.34, which is 23% above median its own 10-year median of 90.78. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is China National Accord Medicines stock overvalued right now?
Based on GuruFocus' analysis, China National Accord Medicines (SZSE:200028) is currently considered Modestly Undervalued. The stock's GF Value™ is HK$13.64, compared to a current price of HK$12.02 — trading 11.9% below its estimated fair value. The current Days Payable is 111.34, which is 23% above median its 10-year median of 90.78 and 42.4% above the Medical Distribution industry median of 78.20. China National Accord Medicines' overall GF Score™ is 82/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For China National Accord Medicines (SZSE:200028), the current Days Payable is 111.34 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is China National Accord Medicines (SZSE:200028) Overvalued in 2026?

Based on GuruFocus' analysis, China National Accord Medicines stock appears to be undervalued. The current stock price of HK$12.02 is trading 11.9% below its estimated GF Value™ of HK$13.64. GuruFocus considers China National Accord Medicines to be Modestly Undervalued.

Key valuation signals for SZSE:200028:

  • Days Payable: 111.34 (23% above median its 10-year median of 90.78)
  • GF Value™: HK$13.64 vs. price of HK$12.02 (11.9% below fair value)
  • GF Score™: 82/100 with 6 warning signs
  • Industry Position: 42.4% above the Medical Distribution median (#34 of 121)

No single metric tells the full story. See the SZSE:200028 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


China National Accord Medicines Business Description

Other Exchanges 000028:China
Address No. 15, Ba Gua Si 4th Road, Accord Pharmaceutical Building, Futian District, Guangdong Province, Shenzhen, CHN, 518029
China National Accord Medicines Corp Ltd develops and manufactures pharmaceuticals in China. The company engaged in the wholesale of Chinese patent drugs, traditional Chinese medicines, chemical medicine preparations, antibiotics, biochemical drugs and cerebrovascular system drugs. It operates through the following segments: The Head office segment engages in investing and managing the business; The Pharmaceutical Distribution segment engages in the distribution of medicine and pharmaceutical products to customers, including hospitals, other distributors, retail drug stores, and clinics, and Retail pharmacy segment, which is managing the operation of Guoda Pharmacy. It generates maximum revenue from the Pharmaceutical Distribution segment.
82GF Score

Get the complete analysis for SZSE:200028

Days Payable is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$12.02
Price
HK$13.64
GF Value