Modern Chinese Medicine Group Co (HKSE:01643) Days Payable : 36.48 (As of Dec. 2023)

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What is Modern Chinese Medicine Group Co Days Payable?

Modern Chinese Medicine Group Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$26.0 Mil. Modern Chinese Medicine Group Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$130.2 Mil. Hence, Modern Chinese Medicine Group Co's Days Payable for the six months ended in Dec. 2023 was 36.48.

The historical rank and industry rank for Modern Chinese Medicine Group Co's Days Payable or its related term are showing as below:

HKSE:01643' s Days Payable Range Over the Past 10 Years
Min: 44.47 Med: 54.29 Max: 121.21
Current: 44.47

During the past 7 years, Modern Chinese Medicine Group Co's highest Days Payable was 121.21. The lowest was 44.47. And the median was 54.29.

HKSE:01643's Days Payable is ranked worse than
79.12% of 972 companies
in the Drug Manufacturers industry
Industry Median: 89.29 vs HKSE:01643: 44.47

Modern Chinese Medicine Group Co's Days Payable declined from Dec. 2022 (46.45) to Dec. 2023 (36.48). It may suggest that Modern Chinese Medicine Group Co accelerated paying its suppliers.

Modern Chinese Medicine Group Co Days Payable Historical Data

The historical data trend for Modern Chinese Medicine 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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Modern Chinese Medicine Group Co Days Payable Chart

Modern Chinese Medicine Group Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

53.86

56.36

49.49

56.51

54.29

Modern Chinese Medicine Group Co Semi-Annual Data
	Dec17	Dec18	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial						42.11	41.99	46.45	42.58	36.48

Competitive Comparison of Modern Chinese Medicine Group Co's Days Payable

For the Drug Manufacturers - General subindustry, Modern Chinese Medicine 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.

Modern Chinese Medicine Group Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Modern Chinese Medicine Group Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Modern Chinese Medicine Group Co's Days Payable falls into.

Modern Chinese Medicine 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.

Modern Chinese Medicine Group 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
=	( (43.843	+	34.211)	/	2 )	/	262.398	*	365
=	39.027					/	262.398	*	365
=	54.29

Modern Chinese Medicine Group 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
=	( (17.847	+	34.211)	/	2 )	/	130.199	*	365 / 2
=	26.029					/	130.199	*	365 / 2
=	36.48

Modern Chinese Medicine Group Co Days Payable Related Terms

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Modern Chinese Medicine Group Co (HKSE:01643) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Modern Chinese Medicine Group Co Ltd (HKSE:01643) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 88 Jinwei Road, Hebei, Chengde, CHN, 068150

Website

http://www.cdysjdyy.com

Modern Chinese Medicine Group Co Ltd is engaged in the production of proprietary Chinese medicine. It offers both OTC and prescribed medicines intended for use by the Middle-aged and the Elderly in the PRC. Its products include Vigour and Vitality Supplement Pill, Circulation Enhancement Pill, Cardiotonic Enhancement Capsule, Kidney Invigoration Pill, Heart Wellness Capsule, Menstrual Discomfort Relief Pill, Liver Detox Tablet, and Additional Ingredient Huoxiang ZhengQi Pill and Fever-removing and Detoxification Pill. The Group has one operating segment of its business as a whole as the production of PCM. Geographically, the majority is from PRC.

Executives

Sun Xinlei	2201 Interest of corporation controlled by you
Xian Dai Sheng Wu Ke Ji Ji Tuan Kong Gu You Xian Gong Si	2101 Beneficial owner
Xie Wei	2201 Interest of corporation controlled by you

Modern Chinese Medicine Group Co (HKSE:01643) Headlines

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