Charmacy Pharmaceutical Co (HKSE:02289) Days Payable : 57.03 (As of Dec. 2023)

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What is Charmacy Pharmaceutical Co Days Payable?

Charmacy Pharmaceutical Co's average Accounts Payable for the six months ended in Dec. 2023 was HK$678 Mil. Charmacy Pharmaceutical Co's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$2,170 Mil. Hence, Charmacy Pharmaceutical Co's Days Payable for the six months ended in Dec. 2023 was 57.03.

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

HKSE:02289' s Days Payable Range Over the Past 10 Years
Min: 48.04 Med: 57.48 Max: 141.98
Current: 55.83

During the past 10 years, Charmacy Pharmaceutical Co's highest Days Payable was 141.98. The lowest was 48.04. And the median was 57.48.

HKSE:02289's Days Payable is ranked worse than
69.47% of 95 companies
in the Medical Distribution industry
Industry Median: 73.55 vs HKSE:02289: 55.83

Charmacy Pharmaceutical Co's Days Payable increased from Dec. 2022 (50.01) to Dec. 2023 (57.03). It may suggest that Charmacy Pharmaceutical Co delayed paying its suppliers.

Charmacy Pharmaceutical Co Days Payable Historical Data

The historical data trend for Charmacy Pharmaceutical 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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Charmacy Pharmaceutical Co Days Payable Chart

Charmacy Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

57.01

48.04

55.65

56.90

57.94

Charmacy Pharmaceutical Co Semi-Annual Data
	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial														62.52	55.47	50.01	52.65	57.03

Competitive Comparison of Charmacy Pharmaceutical Co's Days Payable

For the Medical Distribution subindustry, Charmacy Pharmaceutical 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.

Charmacy Pharmaceutical Co's Days Payable Distribution in the Medical Distribution Industry

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

* The bar in red indicates where Charmacy Pharmaceutical Co's Days Payable falls into.

Charmacy Pharmaceutical 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.

Charmacy Pharmaceutical 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
=	( (706.648	+	720.881)	/	2 )	/	4496.404	*	365
=	713.7645					/	4496.404	*	365
=	57.94

Charmacy Pharmaceutical 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
=	( (635.593	+	720.881)	/	2 )	/	2170.238	*	365 / 2
=	678.237					/	2170.238	*	365 / 2
=	57.03

Charmacy Pharmaceutical Co Days Payable Related Terms

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Charmacy Pharmaceutical Co (HKSE:02289) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Charmacy Pharmaceutical Co Ltd (HKSE:02289) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 235, Song Shan North Road, Longhu District, Guangdong Province, Shantou, CHN, 515041

Website

https://www.chmyy.com

Charmacy Pharmaceutical Co Ltd is a China-based pharmaceutical distributor. It distributes diversified pharmaceutical products to pharmaceutical distributors, retail pharmacies, hospitals, clinics, and health centers. The company's distribution network covers Southern China and surrounding areas including Fujian province. The firm offers Western medicines, Chinese patent medicines, healthcare products, Chinese medicine material and decoction pieces, medical devices, cosmetic products, and others. All the group's operations are located in China.

Charmacy Pharmaceutical Co (HKSE:02289) Headlines

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