China Reform Health Management And Services Group Co (SZSE:000503) Days Payable : 6.18 (As of Sep. 2023)

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What is China Reform Health Management And Services Group Co Days Payable?

China Reform Health Management And Services Group Co's average Accounts Payable for the three months ended in Sep. 2023 was ¥3.3 Mil. China Reform Health Management And Services Group Co's Cost of Goods Sold for the three months ended in Sep. 2023 was ¥49.1 Mil. Hence, China Reform Health Management And Services Group Co's Days Payable for the three months ended in Sep. 2023 was 6.18.

The historical rank and industry rank for China Reform Health Management And Services Group Co's Days Payable or its related term are showing as below:

SZSE:000503' s Days Payable Range Over the Past 10 Years
Min: 2.89 Med: 4.42 Max: 9.34
Current: 6.32

During the past 13 years, China Reform Health Management And Services Group Co's highest Days Payable was 9.34. The lowest was 2.89. And the median was 4.42.

SZSE:000503's Days Payable is ranked worse than
81.25% of 16 companies
in the Healthcare Plans industry
Industry Median: 35.155 vs SZSE:000503: 6.32

China Reform Health Management And Services Group Co's Days Payable increased from Sep. 2022 (3.68) to Sep. 2023 (6.18). It may suggest that China Reform Health Management And Services Group Co delayed paying its suppliers.

China Reform Health Management And Services Group Co Days Payable Historical Data

The historical data trend for China Reform Health Management And Services Group 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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China Reform Health Management And Services Group Co Days Payable Chart

China Reform Health Management And Services Group Co Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Days Payable

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3.79

4.21

4.98

5.49

9.34

China Reform Health Management And Services Group Co Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Days Payable	Get a 7-Day Free Trial															3.68	5.31	9.96	6.97	6.18

Competitive Comparison of China Reform Health Management And Services Group Co's Days Payable

For the Healthcare Plans subindustry, China Reform Health Management And Services Group 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.

China Reform Health Management And Services Group Co's Days Payable Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, China Reform Health Management And Services Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where China Reform Health Management And Services Group Co's Days Payable falls into.

China Reform Health Management And Services Group 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.

China Reform Health Management And Services Group Co's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (4.306	+	8.322)	/	2 )	/	246.62	*	365
=	6.314					/	246.62	*	365
=	9.34

China Reform Health Management And Services Group Co'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: Jun. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (3.486	+	3.173)	/	2 )	/	49.144	*	365 / 4
=	3.3295					/	49.144	*	365 / 4
=	6.18

China Reform Health Management And Services Group Co Days Payable Related Terms

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China Reform Health Management And Services Group Co (SZSE:000503) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » China Reform Health Management And Services Group Co Ltd (SZSE:000503) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Wenhua Road, Room 703, Junhua Haiyi Hotel, Hainan Province, Haikou, CHN, 570105

Website

http://www.crhms.cn

China Reform Health Management And Services Group Co Ltd is engaged in the field of health protection services in China. Its main business includes medical insurance control fee service; medical quality and safety service; drug and medical supervision service helping management departments to standardize medical service behavior and improve the safety and effectiveness of medical insurance funds.

China Reform Health Management And Services Group Co (SZSE:000503) Headlines

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