Shanghai Haohai Biological Technology Co (HKSE:06826) Days Payable : 30.59 (As of Mar. 2024)

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What is Shanghai Haohai Biological Technology Co Days Payable?

Shanghai Haohai Biological Technology Co's average Accounts Payable for the three months ended in Mar. 2024 was HK$72 Mil. Shanghai Haohai Biological Technology Co's Cost of Goods Sold for the three months ended in Mar. 2024 was HK$216 Mil. Hence, Shanghai Haohai Biological Technology Co's Days Payable for the three months ended in Mar. 2024 was 30.59.

The historical rank and industry rank for Shanghai Haohai Biological Technology Co's Days Payable or its related term are showing as below:

HKSE:06826' s Days Payable Range Over the Past 10 Years
Min: 24.24 Med: 33.1 Max: 48.7
Current: 34.87

During the past 10 years, Shanghai Haohai Biological Technology Co's highest Days Payable was 48.70. The lowest was 24.24. And the median was 33.10.

HKSE:06826's Days Payable is ranked worse than
80.81% of 719 companies
in the Biotechnology industry
Industry Median: 147.29 vs HKSE:06826: 34.87

Shanghai Haohai Biological Technology Co's Days Payable increased from Mar. 2023 (28.00) to Mar. 2024 (30.59). It may suggest that Shanghai Haohai Biological Technology Co delayed paying its suppliers.

Shanghai Haohai Biological Technology Co Days Payable Historical Data

The historical data trend for Shanghai Haohai Biological Technology 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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Shanghai Haohai Biological Technology Co Days Payable Chart

Shanghai Haohai Biological Technology Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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39.52

34.18

27.32

29.26

25.87

Shanghai Haohai Biological Technology Co Quarterly Data
	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															28.00	38.69	44.26	29.49	30.59

Competitive Comparison of Shanghai Haohai Biological Technology Co's Days Payable

For the Biotechnology subindustry, Shanghai Haohai Biological Technology 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.

Shanghai Haohai Biological Technology Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Shanghai Haohai Biological Technology Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Shanghai Haohai Biological Technology Co's Days Payable falls into.

Shanghai Haohai Biological Technology 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.

Shanghai Haohai Biological Technology 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
=	( (60.898	+	60.276)	/	2 )	/	854.68	*	365
=	60.587					/	854.68	*	365
=	25.87

Shanghai Haohai Biological Technology Co's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (60.276	+	84.546)	/	2 )	/	216.035	*	365 / 4
=	72.411					/	216.035	*	365 / 4
=	30.59

Shanghai Haohai Biological Technology Co Days Payable Related Terms

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Shanghai Haohai Biological Technology Co (HKSE:06826) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Shanghai Haohai Biological Technology Co Ltd (HKSE:06826) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

688366:China

Address

No. 1386 Hongqiao Road, 23rd Floor, WenGuang Plaza, Changning District, Shanghai, CHN

Website

https://www.3healthcare.com

Shanghai Haohai Biological Technology Co Ltd is engaged in the manufacturing and sale of biologicals, medical hyaluronate, and ophthalmology products. It is also engaged in the research and development of biological engineering, pharmaceutical and ophthalmology products, and the provision of related services. Its products are categorized into four types comprising ophthalmology, medical aesthetics, orthopedics, and anti-adhesion. Geographically, it has operations in Mainland China which is the key revenue driver, the United States, the United Kingdom, and other countries.

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