Venus Medtech (Hangzhou) (HKSE:02500) Days Payable : 111.50 (As of Dec. 2023)

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What is Venus Medtech (Hangzhou) Days Payable?

Venus Medtech (Hangzhou)'s average Accounts Payable for the six months ended in Dec. 2023 was HK$31.9 Mil. Venus Medtech (Hangzhou)'s Cost of Goods Sold for the six months ended in Dec. 2023 was HK$52.3 Mil. Hence, Venus Medtech (Hangzhou)'s Days Payable for the six months ended in Dec. 2023 was 111.50.

The historical rank and industry rank for Venus Medtech (Hangzhou)'s Days Payable or its related term are showing as below:

HKSE:02500' s Days Payable Range Over the Past 10 Years
Min: 11.61 Med: 36.95 Max: 348.78
Current: 80.66

During the past 7 years, Venus Medtech (Hangzhou)'s highest Days Payable was 348.78. The lowest was 11.61. And the median was 36.95.

HKSE:02500's Days Payable is ranked better than
54.56% of 790 companies
in the Medical Devices & Instruments industry
Industry Median: 72.585 vs HKSE:02500: 80.66

Venus Medtech (Hangzhou)'s Days Payable increased from Dec. 2022 (77.98) to Dec. 2023 (111.50). It may suggest that Venus Medtech (Hangzhou) delayed paying its suppliers.

Venus Medtech (Hangzhou) Days Payable Historical Data

The historical data trend for Venus Medtech (Hangzhou)'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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Venus Medtech (Hangzhou) Days Payable Chart

Venus Medtech (Hangzhou) Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

11.61

24.92

27.67

36.95

77.12

Venus Medtech (Hangzhou) Semi-Annual Data
	Dec17	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial							37.01	76.62	77.98	56.87	111.50

Competitive Comparison of Venus Medtech (Hangzhou)'s Days Payable

For the Medical Devices subindustry, Venus Medtech (Hangzhou)'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.

Venus Medtech (Hangzhou)'s Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Venus Medtech (Hangzhou)'s Days Payable distribution charts can be found below:

* The bar in red indicates where Venus Medtech (Hangzhou)'s Days Payable falls into.

Venus Medtech (Hangzhou) 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.

Venus Medtech (Hangzhou)'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
=	( (10.191	+	37.03)	/	2 )	/	111.749	*	365
=	23.6105					/	111.749	*	365
=	77.12

Venus Medtech (Hangzhou)'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
=	( (26.868	+	37.03)	/	2 )	/	52.291	*	365 / 2
=	31.949					/	52.291	*	365 / 2
=	111.50

Venus Medtech (Hangzhou) Days Payable Related Terms

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Venus Medtech (Hangzhou) (HKSE:02500) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Venus Medtech (Hangzhou) Inc (HKSE:02500) » Definitions » Days Payable

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VMTHF:USA

Address

No. 88, Jiangling Road, Room 311, 3rd Floor, Block 2, Binjiang District, Hangzhou, CHN, 310051

Website

https://www.venusmedtech.com

Venus Medtech (Hangzhou) Inc is engaged in the development and commercialization of transcatheter solutions for structural heart diseases. It has two TAVR products on the market, namely VenusA-Valve, and VenusA-Plus. VenusA-Valve is its first-generation TAVR device, which is used to treat severe Aortic Stenosis (AS) using a transcatheter approach. VenusA-Plus is an upgraded product of VenusA-Valve. Geographically all of the revenue is derived from Mainland China.

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