New Ray Medicine International Holding (HKSE:06108) Days Payable : 0.00 (As of Dec. 2023)

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What is New Ray Medicine International Holding Days Payable?

New Ray Medicine International Holding's average Accounts Payable for the six months ended in Dec. 2023 was HK$9.68 Mil. New Ray Medicine International Holding's Cost of Goods Sold for the six months ended in Dec. 2023 was HK$-28.66 Mil.

The historical rank and industry rank for New Ray Medicine International Holding's Days Payable or its related term are showing as below:

HKSE:06108' s Days Payable Range Over the Past 10 Years
Min: 3.35 Med: 43.15 Max: 104.62
Current: 94.98

During the past 12 years, New Ray Medicine International Holding's highest Days Payable was 104.62. The lowest was 3.35. And the median was 43.15.

HKSE:06108's Days Payable is ranked better than
65.82% of 591 companies
in the Healthcare Providers & Services industry
Industry Median: 61.63 vs HKSE:06108: 94.98

New Ray Medicine International Holding's Days Payable stayed the same from Dec. 2022 (0.00) to Dec. 2023 (0.00).

New Ray Medicine International Holding Days Payable Historical Data

The historical data trend for New Ray Medicine International Holding'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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New Ray Medicine International Holding Days Payable Chart

New Ray Medicine International Holding Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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41.79

7.53

3.35

New Ray Medicine International Holding Semi-Annual Data
	Jun14	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															-	-	-	52.71	-

Competitive Comparison of New Ray Medicine International Holding's Days Payable

For the Pharmaceutical Retailers subindustry, New Ray Medicine International Holding'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.

New Ray Medicine International Holding's Days Payable Distribution in the Healthcare Providers & Services Industry

For the Healthcare Providers & Services industry and Healthcare sector, New Ray Medicine International Holding's Days Payable distribution charts can be found below:

* The bar in red indicates where New Ray Medicine International Holding's Days Payable falls into.

New Ray Medicine International Holding 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.

New Ray Medicine International Holding'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
=	( (0	+	0.342)	/	1 )	/	37.213	*	365
=	0.342					/	37.213	*	365
=	3.35

New Ray Medicine International Holding'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
=	( (19.026	+	0.342)	/	2 )	/	-28.664	*	365 / 2
=	9.684					/	-28.664	*	365 / 2
=	N/A

New Ray Medicine International Holding Days Payable Related Terms

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New Ray Medicine International Holding (HKSE:06108) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Providers & Services » New Ray Medicine International Holding Ltd (HKSE:06108) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

19 Dangui Road, B-C, 37th Floor, Dikai International Center, Hangzhou, CHN

Website

http://www.newraymedicine.com

New Ray Medicine International Holding Ltd is engaged in the trading of pharmaceutical products in the People's Republic of China. The company's segments include Distribution and trading of pharmaceutical products and Provision of marketing and promotion services. Distribution and trading of pharmaceutical products consist of Injection drugs, Capsules and Granule drugs, Tablet drugs and Other Drugs. It generates a majority of its revenue from the distribution of Injection Drugs.

New Ray Medicine International Holding (HKSE:06108) Headlines

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