Hubei Hongyuan Pharmaceutical Technology Co (SZSE:301246) Days Payable : 160.86 (As of Mar. 2024)

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What is Hubei Hongyuan Pharmaceutical Technology Co Days Payable?

Hubei Hongyuan Pharmaceutical Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥633 Mil. Hubei Hongyuan Pharmaceutical Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥359 Mil. Hence, Hubei Hongyuan Pharmaceutical Technology Co's Days Payable for the three months ended in Mar. 2024 was 160.86.

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

SZSE:301246' s Days Payable Range Over the Past 10 Years
Min: 63.89 Med: 84.61 Max: 160.43
Current: 135.36

During the past 10 years, Hubei Hongyuan Pharmaceutical Technology Co's highest Days Payable was 160.43. The lowest was 63.89. And the median was 84.61.

SZSE:301246's Days Payable is ranked better than
71.02% of 973 companies
in the Drug Manufacturers industry
Industry Median: 89.33 vs SZSE:301246: 135.36

Hubei Hongyuan Pharmaceutical Technology Co's Days Payable declined from Mar. 2023 (194.83) to Mar. 2024 (160.86). It may suggest that Hubei Hongyuan Pharmaceutical Technology Co accelerated paying its suppliers.

Hubei Hongyuan Pharmaceutical Technology Co Days Payable Historical Data

The historical data trend for Hubei Hongyuan Pharmaceutical 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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Hubei Hongyuan Pharmaceutical Technology Co Days Payable Chart

Hubei Hongyuan Pharmaceutical Technology Co Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

82.41

79.70

86.45

147.15

160.43

Hubei Hongyuan Pharmaceutical Technology Co Quarterly Data
	Jun15	Dec15	Jun16	Dec18	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															194.83	147.71	110.49	115.29	160.86

Competitive Comparison of Hubei Hongyuan Pharmaceutical Technology Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Hubei Hongyuan Pharmaceutical 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.

Hubei Hongyuan Pharmaceutical Technology Co's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Hubei Hongyuan Pharmaceutical 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.

Hubei Hongyuan Pharmaceutical 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
=	( (934.953	+	636.79)	/	2 )	/	1788.014	*	365
=	785.8715					/	1788.014	*	365
=	160.43

Hubei Hongyuan Pharmaceutical 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
=	( (636.79	+	629.017)	/	2 )	/	359.025	*	365 / 4
=	632.9035					/	359.025	*	365 / 4
=	160.86

Hubei Hongyuan Pharmaceutical Technology Co Days Payable Related Terms

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Hubei Hongyuan Pharmaceutical Technology Co (SZSE:301246) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hubei Hongyuan Pharmaceutical Technology Co Ltd (SZSE:301246) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 8, Hongyuan Road, Economic Development Zone, Luotian County, Hubei Province, Fengshan Town, CHN, 438600

Website

http://www.hbhypharm.com

Hubei Hongyuan Pharmaceutical Technology Co Ltd is engaged in the research and development, production and sales of organic chemical raw materials, pharmaceutical intermediates, raw materials and pharmaceutical preparations.

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