Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) Days Payable : 34.89 (As of Mar. 2024)

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What is Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Days Payable?

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥435 Mil. Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,137 Mil. Hence, Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 34.89.

The historical rank and industry rank for Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Days Payable or its related term are showing as below:

SZSE:300937' s Days Payable Range Over the Past 10 Years
Min: 22.28 Med: 26.44 Max: 38.61
Current: 38.61

During the past 8 years, Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's highest Days Payable was 38.61. The lowest was 22.28. And the median was 26.44.

SZSE:300937's Days Payable is ranked worse than
67.34% of 594 companies
in the Healthcare Providers & Services industry
Industry Median: 62.115 vs SZSE:300937: 38.61

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Days Payable declined from Mar. 2023 (38.37) to Mar. 2024 (34.89). It may suggest that Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co accelerated paying its suppliers.

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Days Payable Historical Data

The historical data trend for Sinchuan Hezong Medicine Easy-to-buy 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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Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Days Payable Chart

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

27.00

26.44

22.28

27.70

32.80

Sinchuan Hezong Medicine Easy-to-buy 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															38.37	40.97	43.04	32.86	34.89

Competitive Comparison of Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Days Payable

For the Pharmaceutical Retailers subindustry, Sinchuan Hezong Medicine Easy-to-buy 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.

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co's Days Payable falls into.

Sinchuan Hezong Medicine Easy-to-buy 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.

Sinchuan Hezong Medicine Easy-to-buy 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
=	( (370.537	+	359.664)	/	2 )	/	4062.812	*	365
=	365.1005					/	4062.812	*	365
=	32.80

Sinchuan Hezong Medicine Easy-to-buy 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
=	( (359.664	+	509.398)	/	2 )	/	1136.598	*	365 / 4
=	434.531					/	1136.598	*	365 / 4
=	34.89

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Days Payable Related Terms

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Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Ltd (SZSE:300937) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 18, Youlian 1st Street, 13th Floor, Jinniu District, Sichuan Province, Chengdu, CHN, 610081

Website

https://www.hezongyy.com

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co Ltd provides convenient, efficient and low-cost medical circulation services for the vast community medical terminals and primary medical institutions. It offers various products such as respiratory system, cardiovascular and neurological drugs, biological product, rheumatism and bone injuries and other medicines, cardiovascular and neurological drugs and others.

Executives

Tian Wen Shu	Supervisors
Ai Ying Ping	Director
Lei Qi Gang	Executives
Hao Rui Zhi	Directors, Directors, and Executives

Sinchuan Hezong Medicine Easy-to-buy Pharmaceutical Co (SZSE:300937) Headlines

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