Tibet Duo Rui Pharmaceutical Co (SZSE:301075) Days Payable : 43.07 (As of Mar. 2024)

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What is Tibet Duo Rui Pharmaceutical Co Days Payable?

Tibet Duo Rui Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥22.4 Mil. Tibet Duo Rui Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥47.5 Mil. Hence, Tibet Duo Rui Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 43.07.

The historical rank and industry rank for Tibet Duo Rui Pharmaceutical Co's Days Payable or its related term are showing as below:

SZSE:301075' s Days Payable Range Over the Past 10 Years
Min: 45.03 Med: 589.71 Max: 1643.55
Current: 45.03

During the past 7 years, Tibet Duo Rui Pharmaceutical Co's highest Days Payable was 1643.55. The lowest was 45.03. And the median was 589.71.

SZSE:301075's Days Payable is ranked worse than
78.68% of 971 companies
in the Drug Manufacturers industry
Industry Median: 88.97 vs SZSE:301075: 45.03

Tibet Duo Rui Pharmaceutical Co's Days Payable increased from Mar. 2023 (34.10) to Mar. 2024 (43.07). It may suggest that Tibet Duo Rui Pharmaceutical Co delayed paying its suppliers.

Tibet Duo Rui Pharmaceutical Co Days Payable Historical Data

The historical data trend for Tibet Duo Rui 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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Tibet Duo Rui Pharmaceutical Co Days Payable Chart

Tibet Duo Rui Pharmaceutical Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

1,594.03

589.71

267.67

69.46

67.51

Tibet Duo Rui Pharmaceutical Co Quarterly Data
	Dec17	Dec18	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															34.10	26.34	47.70	63.96	43.07

Competitive Comparison of Tibet Duo Rui Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Tibet Duo Rui 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.

Tibet Duo Rui Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Tibet Duo Rui Pharmaceutical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Tibet Duo Rui Pharmaceutical Co's Days Payable falls into.

Tibet Duo Rui 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.

Tibet Duo Rui 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
=	( (12.126	+	26.765)	/	2 )	/	105.13	*	365
=	19.4455					/	105.13	*	365
=	67.51

Tibet Duo Rui 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
=	( (26.765	+	18.057)	/	2 )	/	47.485	*	365 / 4
=	22.411					/	47.485	*	365 / 4
=	43.07

Tibet Duo Rui Pharmaceutical Co Days Payable Related Terms

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Tibet Duo Rui Pharmaceutical Co (SZSE:301075) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tibet Duo Rui Pharmaceutical Co Ltd (SZSE:301075) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Biomedical Park, Area A, 3rd Floor, Building 1, Changdu Economic Development Zone, Tibet Autonomous Region, Tibet, CHN, 854000

Website

http://www.duoruiyy.com

Duo Rui Pharmaceutical Co Ltd is engaged in the research and development, production and sales of chemical pharmaceutical preparations and their raw materials.

Tibet Duo Rui Pharmaceutical Co (SZSE:301075) Headlines

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