Shandong Sito Bio-technology Co (SZSE:300583) Days Payable : 141.14 (As of Mar. 2024)

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What is Shandong Sito Bio-technology Co Days Payable?

Shandong Sito Bio-technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥270 Mil. Shandong Sito Bio-technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥175 Mil. Hence, Shandong Sito Bio-technology Co's Days Payable for the three months ended in Mar. 2024 was 141.14.

The historical rank and industry rank for Shandong Sito Bio-technology Co's Days Payable or its related term are showing as below:

SZSE:300583' s Days Payable Range Over the Past 10 Years
Min: 54.46 Med: 102.06 Max: 168.27
Current: 137.95

During the past 12 years, Shandong Sito Bio-technology Co's highest Days Payable was 168.27. The lowest was 54.46. And the median was 102.06.

SZSE:300583's Days Payable is ranked worse than
51.87% of 721 companies
in the Biotechnology industry
Industry Median: 148.78 vs SZSE:300583: 137.95

Shandong Sito Bio-technology Co's Days Payable declined from Mar. 2023 (163.47) to Mar. 2024 (141.14). It may suggest that Shandong Sito Bio-technology Co accelerated paying its suppliers.

Shandong Sito Bio-technology Co Days Payable Historical Data

The historical data trend for Shandong Sito Bio-technology 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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Shandong Sito Bio-technology Co Days Payable Chart

Shandong Sito Bio-technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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116.16

149.11

168.27

151.63

119.22

Shandong Sito Bio-technology 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															163.47	171.93	164.67	81.75	141.14

Competitive Comparison of Shandong Sito Bio-technology Co's Days Payable

For the Biotechnology subindustry, Shandong Sito Bio-technology 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.

Shandong Sito Bio-technology Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shandong Sito Bio-technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shandong Sito Bio-technology Co's Days Payable falls into.

Shandong Sito Bio-technology 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.

Shandong Sito Bio-technology 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
=	( (402.691	+	246.821)	/	2 )	/	994.243	*	365
=	324.756					/	994.243	*	365
=	119.22

Shandong Sito Bio-technology 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
=	( (246.821	+	293.969)	/	2 )	/	174.822	*	365 / 4
=	270.395					/	174.822	*	365 / 4
=	141.14

Shandong Sito Bio-technology Co Days Payable Related Terms

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Shandong Sito Bio-technology Co (SZSE:300583) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shandong Sito Bio-technology Co Ltd (SZSE:300583) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

South Section of East Outer Ring Road, Dingtao County, Shandong Province, Heze, CHN, 274000

Website

http://www.sitobiotech.com

Shandong Sito Bio-technology Co Ltd is a biotechnology company. It is specialized in the research and development and production of core derivatives and derivatives of new steroid hormone drugs. The company offers bio-steroidal drug raw materials such as androstenedione, nonhydroxyandrostenedione and androstenedione.

Executives

Mi Qi	Directors, executives
Wang Min	Director
Kong Qing Zhi	Executives
He Jian Yong	Directors, executives
Ceng Qing Li	Securities Affairs Representative

Shandong Sito Bio-technology Co (SZSE:300583) Headlines

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