Sipai Health Technology Co (HKSE:00314) Days Payable : 38.63 (As of Dec. 2023)

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What is Sipai Health Technology Co Days Payable?

Sipai Health Technology Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$481 Mil. Sipai Health Technology Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,272 Mil. Hence, Sipai Health Technology Co's Days Payable for the six months ended in Dec. 2023 was 38.63.

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

HKSE:00314' s Days Payable Range Over the Past 10 Years
Min: 27.13 Med: 28.96 Max: 34.73
Current: 34.73

During the past 3 years, Sipai Health Technology Co's highest Days Payable was 34.73. The lowest was 27.13. And the median was 28.96.

HKSE:00314's Days Payable is ranked worse than
92.63% of 95 companies
in the Medical Distribution industry
Industry Median: 73.55 vs HKSE:00314: 34.73

Sipai Health Technology Co's Days Payable increased from Dec. 2022 (29.96) to Dec. 2023 (38.63). It may suggest that Sipai Health Technology Co delayed paying its suppliers.

Sipai Health Technology Co Days Payable Historical Data

The historical data trend for Sipai Health 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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Sipai Health Technology Co Days Payable Chart

Sipai Health Technology Co Annual Data

Trend

Dec21

Dec22

Dec23

Days Payable

27.13

28.96

34.46

Sipai Health Technology Co Semi-Annual Data
	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	-	26.43	29.96	31.34	38.63

Competitive Comparison of Sipai Health Technology Co's Days Payable

For the Medical Distribution subindustry, Sipai Health 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.

Sipai Health Technology Co's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, Sipai Health Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Sipai Health Technology Co's Days Payable falls into.

Sipai Health 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.

Sipai Health 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
=	( (379.74	+	507.808)	/	2 )	/	4700.415	*	365
=	443.774					/	4700.415	*	365
=	34.46

Sipai Health Technology Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (454.21	+	507.808)	/	2 )	/	2272.372	*	365 / 2
=	481.009					/	2272.372	*	365 / 2
=	38.63

Sipai Health Technology Co Days Payable Related Terms

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Sipai Health Technology Co (HKSE:00314) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Sipai Health Technology Co Ltd (HKSE:00314) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

AX1:Germany

Address

No. 1888, Caoyang Road, 7/F, Building 3, Xingguangyao Plaza, Putuo District, Shanghai, CHN

Website

https://www.medbankshealthtech.com

Sipai Health Technology Co Ltd is a medical technology and health management company in China. It has three reportable operating segments: Specialty Pharmacy Business - operation and distribution of specialty pharmacy stores and pharmaceutical products; Physician Research Assistance Business - offering pharmaceutical companies and other clinical trial institutions site management organization services; Health Insurance Services Business - rendering insurance brokerage services to insurance companies. The company generates key revenue from Specialty Pharmacy Business. Almost all of the company's revenues were derived from operations in the PRC.

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