Hubei Biocause Heilen Pharmaceutical Co (SZSE:301211) Days Payable : 111.48 (As of Mar. 2024)

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What is Hubei Biocause Heilen Pharmaceutical Co Days Payable?

Hubei Biocause Heilen Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥104.7 Mil. Hubei Biocause Heilen Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥85.7 Mil. Hence, Hubei Biocause Heilen Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 111.48.

The historical rank and industry rank for Hubei Biocause Heilen Pharmaceutical Co's Days Payable or its related term are showing as below:

SZSE:301211' s Days Payable Range Over the Past 10 Years
Min: 37.31 Med: 50.56 Max: 94.05
Current: 94.05

During the past 7 years, Hubei Biocause Heilen Pharmaceutical Co's highest Days Payable was 94.05. The lowest was 37.31. And the median was 50.56.

SZSE:301211's Days Payable is ranked better than
53.99% of 978 companies
in the Drug Manufacturers industry
Industry Median: 86.975 vs SZSE:301211: 94.05

Hubei Biocause Heilen Pharmaceutical Co's Days Payable increased from Mar. 2023 (49.74) to Mar. 2024 (111.48). It may suggest that Hubei Biocause Heilen Pharmaceutical Co delayed paying its suppliers.

Hubei Biocause Heilen Pharmaceutical Co Days Payable Historical Data

The historical data trend for Hubei Biocause Heilen 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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Hubei Biocause Heilen Pharmaceutical Co Days Payable Chart

Hubei Biocause Heilen Pharmaceutical Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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44.73

47.20

37.31

59.18

92.16

Hubei Biocause Heilen Pharmaceutical Co Quarterly Data
	Dec18	Jun19	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															49.74	61.71	110.58	124.65	111.48

Competitive Comparison of Hubei Biocause Heilen Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Hubei Biocause Heilen 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.

Hubei Biocause Heilen Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hubei Biocause Heilen Pharmaceutical Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hubei Biocause Heilen Pharmaceutical Co's Days Payable falls into.

Hubei Biocause Heilen 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.

Hubei Biocause Heilen 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
=	( (82.621	+	117.695)	/	2 )	/	396.675	*	365
=	100.158					/	396.675	*	365
=	92.16

Hubei Biocause Heilen 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
=	( (117.695	+	91.732)	/	2 )	/	85.712	*	365 / 4
=	104.7135					/	85.712	*	365 / 4
=	111.48

Hubei Biocause Heilen Pharmaceutical Co Days Payable Related Terms

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Hubei Biocause Heilen Pharmaceutical Co (SZSE:301211) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hubei Biocause Heilen Pharmaceutical Co Ltd (SZSE:301211) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 122, Yangwan Road, Dadao District, Jingmen High-tech Zone, Hubei Province, Jingmen, CHN, 448000

Website

http://www.biocause.com

Hubei Biocause Heilen Pharmaceutical Co Ltd is engaged in the research and development, production and sales of chemical raw materials and preparation products.

Hubei Biocause Heilen Pharmaceutical Co (SZSE:301211) Headlines

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