Porton Pharma Solutions (SZSE:300363) Days Payable : 125.49 (As of Mar. 2024)

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What is Porton Pharma Solutions Days Payable?

Porton Pharma Solutions's average Accounts Payable for the three months ended in Mar. 2024 was ¥784 Mil. Porton Pharma Solutions's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥570 Mil. Hence, Porton Pharma Solutions's Days Payable for the three months ended in Mar. 2024 was 125.49.

The historical rank and industry rank for Porton Pharma Solutions's Days Payable or its related term are showing as below:

SZSE:300363' s Days Payable Range Over the Past 10 Years
Min: 125.47 Med: 158.38 Max: 216.8
Current: 165.18

During the past 13 years, Porton Pharma Solutions's highest Days Payable was 216.80. The lowest was 125.47. And the median was 158.38.

SZSE:300363's Days Payable is ranked better than
78.77% of 975 companies
in the Drug Manufacturers industry
Industry Median: 88.68 vs SZSE:300363: 165.18

Porton Pharma Solutions's Days Payable declined from Mar. 2023 (200.05) to Mar. 2024 (125.49). It may suggest that Porton Pharma Solutions accelerated paying its suppliers.

Porton Pharma Solutions Days Payable Historical Data

The historical data trend for Porton Pharma Solutions'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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Porton Pharma Solutions Days Payable Chart

Porton Pharma Solutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

125.47

140.19

162.74

156.55

216.80

Porton Pharma Solutions 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															200.05	187.10	213.46	137.81	125.49

Competitive Comparison of Porton Pharma Solutions's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Porton Pharma Solutions'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.

Porton Pharma Solutions's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Porton Pharma Solutions's Days Payable distribution charts can be found below:

* The bar in red indicates where Porton Pharma Solutions's Days Payable falls into.

Porton Pharma Solutions 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.

Porton Pharma Solutions'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
=	( (1787.915	+	796.136)	/	2 )	/	2175.213	*	365
=	1292.0255					/	2175.213	*	365
=	216.80

Porton Pharma Solutions'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
=	( (796.136	+	772.63)	/	2 )	/	570.355	*	365 / 4
=	784.383					/	570.355	*	365 / 4
=	125.49

Porton Pharma Solutions Days Payable Related Terms

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Porton Pharma Solutions (SZSE:300363) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Porton Pharma Solutions Ltd (SZSE:300363) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Fangzheng Avenue, Porton New Drug Outsourcing Service and R&D Center, Shuitu, Beibei District, Chongqing, CHN, 400714

Website

http://www.porton.cn

Porton Pharma Solutions Ltd is a China-based external manufacturing supplier of custom drug intermediates and Active Pharmaceutical Ingredients (APIs) to pharmaceutical companies. It is engaged in the process development activities and pilot-scale and commercial-scale manufacturing activities.

Executives

Wang Zhong Neng	Executives
Yu Yong Mei	Executives
Sun Min	Executives
Ji Yao Hui	Executives
Ju Nian Feng	Directors, executives
Tan Jun	Supervisors
Xu Ai Wu	Directors, executives
Guo Yong Qing	Independent director
	Director
	Director
Ceng Hui	Supervisors
Chen Bei	Executives

Porton Pharma Solutions (SZSE:300363) Headlines

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