Simcere Pharmaceutical Group (HKSE:02096) Days Payable : 87.71 (As of Dec. 2023)

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What is Simcere Pharmaceutical Group Days Payable?

Simcere Pharmaceutical Group's average Accounts Payable for the six months ended in Dec. 2023 was HK$424 Mil. Simcere Pharmaceutical Group's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$881 Mil. Hence, Simcere Pharmaceutical Group's Days Payable for the six months ended in Dec. 2023 was 87.71.

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

HKSE:02096' s Days Payable Range Over the Past 10 Years
Min: 74.15 Med: 97.61 Max: 133.91
Current: 83.69

During the past 7 years, Simcere Pharmaceutical Group's highest Days Payable was 133.91. The lowest was 74.15. And the median was 97.61.

HKSE:02096's Days Payable is ranked worse than
52.51% of 975 companies
in the Drug Manufacturers industry
Industry Median: 88.64 vs HKSE:02096: 83.69

Simcere Pharmaceutical Group's Days Payable increased from Dec. 2022 (86.87) to Dec. 2023 (87.71). It may suggest that Simcere Pharmaceutical Group delayed paying its suppliers.

Simcere Pharmaceutical Group Days Payable Historical Data

The historical data trend for Simcere Pharmaceutical 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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Simcere Pharmaceutical Group Days Payable Chart

Simcere Pharmaceutical Group Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

116.84

97.61

94.35

94.95

74.15

Simcere Pharmaceutical Group Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							75.74	117.41	86.87	89.20	87.71

Competitive Comparison of Simcere Pharmaceutical Group's Days Payable

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

Simcere Pharmaceutical Group's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Simcere Pharmaceutical Group's Days Payable falls into.

Simcere Pharmaceutical 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.

Simcere Pharmaceutical Group'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
=	( (374.583	+	346.966)	/	2 )	/	1775.917	*	365
=	360.7745					/	1775.917	*	365
=	74.15

Simcere Pharmaceutical Group'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
=	( (500.067	+	346.966)	/	2 )	/	881.174	*	365 / 2
=	423.5165					/	881.174	*	365 / 2
=	87.71

Simcere Pharmaceutical Group Days Payable Related Terms

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Simcere Pharmaceutical Group (HKSE:02096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Simcere Pharmaceutical Group Ltd (HKSE:02096) » Definitions » Days Payable

Traded in Other Exchanges

S2P:Germany

Address

No. 699-18, Xuanwu Road, Xuanwu District, Jiangsu, Nanjing, CHN, 210042

Website

https://www.simcere.com

Simcere Pharmaceutical Group Ltd is engaged in the R&D, production and commercialization of pharmaceuticals focused on generic pharmaceuticals. It has a diversified product portfolio focused on therapeutic areas, including, oncology (including cell therapy), nervous system diseases, autoimmune diseases and antiinfection. The company's products include Endostar, Enweida, Iremod, Sanbexin and Others.

Simcere Pharmaceutical Group (HKSE:02096) Headlines

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