Qilian International Holding Group (Qilian International Holding Group) Days Payable : 40.82 (As of Sep. 2023)

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What is Qilian International Holding Group Days Payable?

Qilian International Holding Group's average Accounts Payable for the six months ended in Sep. 2023 was $3.99 Mil. Qilian International Holding Group's Cost of Goods Sold for the six months ended in Sep. 2023 was $17.85 Mil. Hence, Qilian International Holding Group's Days Payable for the six months ended in Sep. 2023 was 40.82.

The historical rank and industry rank for Qilian International Holding Group's Days Payable or its related term are showing as below:

QLI' s Days Payable Range Over the Past 10 Years
Min: 34.13 Med: 36.74 Max: 89.39
Current: 36.11

During the past 7 years, Qilian International Holding Group's highest Days Payable was 89.39. The lowest was 34.13. And the median was 36.74.

QLI's Days Payable is ranked worse than
85.88% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs QLI: 36.11

Qilian International Holding Group's Days Payable increased from Sep. 2022 (31.31) to Sep. 2023 (40.82). It may suggest that Qilian International Holding Group delayed paying its suppliers.

Qilian International Holding Group Days Payable Historical Data

The historical data trend for Qilian International Holding Group'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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Qilian International Holding Group Days Payable Chart

Qilian International Holding Group Annual Data

Trend

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

Get a 7-Day Free Trial

36.74

34.13

39.09

37.15

36.25

Qilian International Holding Group Semi-Annual Data
	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial								42.79	37.24	31.31	32.88	40.82

Competitive Comparison of Qilian International Holding Group's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Qilian International Holding Group'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.

Qilian International Holding Group's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Qilian International Holding Group's Days Payable distribution charts can be found below:

* The bar in red indicates where Qilian International Holding Group's Days Payable falls into.

Qilian International Holding Group 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.

Qilian International Holding Group's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (5.289	+	3.593)	/	2 )	/	44.72	*	365
=	4.441					/	44.72	*	365
=	36.25

Qilian International Holding Group's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (4.392	+	3.593)	/	2 )	/	17.851	*	365 / 2
=	3.9925					/	17.851	*	365 / 2
=	40.82

Qilian International Holding Group Days Payable Related Terms

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Qilian International Holding Group (Qilian International Holding Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qilian International Holding Group Ltd (NAS:QLI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Jiuquan Economic and Technological Development Zone, Gansu Province, Jiuquan, CHN, 735000

Website

http://ir.qlsyy.net

Qilian International Holding Group Ltd is a pharmaceutical and chemical company. The company is engaged in the development, manufacture, marketing, and sale of licorice products, oxytetracycline products, traditional Chinese medicine derivatives products, heparin products, sausage casings, and fertilizers. It operates through three segments namely, Oxytetracycline and Licorice products and TCMD; Fertilizer; and Heparin products and Sausage casing. Oxytetracycline and Licorice products and TCMD segment generates majority of the revenue.