Hunan Er-Kang Pharmaceutical Co (SZSE:300267) Days Payable : 65.98 (As of Mar. 2024)

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What is Hunan Er-Kang Pharmaceutical Co Days Payable?

Hunan Er-Kang Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥140 Mil. Hunan Er-Kang Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥193 Mil. Hence, Hunan Er-Kang Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 65.98.

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

SZSE:300267' s Days Payable Range Over the Past 10 Years
Min: 20.19 Med: 30.02 Max: 51.23
Current: 46.26

During the past 13 years, Hunan Er-Kang Pharmaceutical Co's highest Days Payable was 51.23. The lowest was 20.19. And the median was 30.02.

SZSE:300267's Days Payable is ranked worse than
77.1% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.765 vs SZSE:300267: 46.26

Hunan Er-Kang Pharmaceutical Co's Days Payable increased from Mar. 2023 (39.74) to Mar. 2024 (65.98). It may suggest that Hunan Er-Kang Pharmaceutical Co delayed paying its suppliers.

Hunan Er-Kang Pharmaceutical Co Days Payable Historical Data

The historical data trend for Hunan Er-Kang 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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Hunan Er-Kang Pharmaceutical Co Days Payable Chart

Hunan Er-Kang Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

20.19

28.15

30.90

42.22

41.29

Hunan Er-Kang 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															39.74	42.17	45.37	36.42	65.98

Competitive Comparison of Hunan Er-Kang Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Hunan Er-Kang 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.

Hunan Er-Kang Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hunan Er-Kang Pharmaceutical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hunan Er-Kang Pharmaceutical Co's Days Payable falls into.

Hunan Er-Kang 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.

Hunan Er-Kang 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
=	( (198.705	+	122.299)	/	2 )	/	1418.932	*	365
=	160.502					/	1418.932	*	365
=	41.29

Hunan Er-Kang 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
=	( (122.299	+	157.399)	/	2 )	/	193.402	*	365 / 4
=	139.849					/	193.402	*	365 / 4
=	65.98

Hunan Er-Kang Pharmaceutical Co Days Payable Related Terms

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Hunan Er-Kang Pharmaceutical Co (SZSE:300267) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hunan Er-Kang Pharmaceutical Co Ltd (SZSE:300267) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Kangping Road 167, National Economic and Technological Development Zone, Liuyang Changsha, Hunan, CHN, 410331

Website

http://www.hnerkang.com

Hunan Er-Kang Pharmaceutical Co Ltd develops, produces and sells pharmaceutical products in China. The company's main products include pharmaceutical excipients and antibiotics. It offers pharmaceutical excipients, APIs and finished drug products. The pharmaceutical excipients include products such as glycerol, ethanol pharmaceutically, acceptable propylene glycol, sodium hydroxide, and pharmaceutically acceptable sugar. The company's finished drugs primarily include sulbenicillin sodium for injection and compound liquorice tablets. Its APIs include glycerin, dilute hydrochloric acid, dihydroxypropyl theophylline, sulbenicillin sodium, calamine powder, sulfadiazine, sulphaguanidine, TMP, and resorcinol. Geographically, all the activities are carried out through China.

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