Cowealth Medical China Co (SHSE:603122) Days Payable : 72.84 (As of Mar. 2024)

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What is Cowealth Medical China Co Days Payable?

Cowealth Medical China Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥149 Mil. Cowealth Medical China Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥186 Mil. Hence, Cowealth Medical China Co's Days Payable for the three months ended in Mar. 2024 was 72.84.

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

SHSE:603122' s Days Payable Range Over the Past 10 Years
Min: 35.45 Med: 49.53 Max: 85.88
Current: 70.27

During the past 7 years, Cowealth Medical China Co's highest Days Payable was 85.88. The lowest was 35.45. And the median was 49.53.

SHSE:603122's Days Payable is ranked better than
50.97% of 206 companies
in the Medical Diagnostics & Research industry
Industry Median: 68.79 vs SHSE:603122: 70.27

Cowealth Medical China Co's Days Payable declined from Mar. 2023 (86.18) to Mar. 2024 (72.84). It may suggest that Cowealth Medical China Co accelerated paying its suppliers.

Cowealth Medical China Co Days Payable Historical Data

The historical data trend for Cowealth Medical China 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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Cowealth Medical China Co Days Payable Chart

Cowealth Medical China Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

44.52

53.35

49.53

65.69

85.88

Cowealth Medical China Co Quarterly Data
	Dec17	Dec18	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															86.18	68.32	75.03	72.75	72.84

Competitive Comparison of Cowealth Medical China Co's Days Payable

For the Diagnostics & Research subindustry, Cowealth Medical China 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.

Cowealth Medical China Co's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Cowealth Medical China Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Cowealth Medical China Co's Days Payable falls into.

Cowealth Medical China 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.

Cowealth Medical China 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
=	( (240.085	+	167.667)	/	2 )	/	866.488	*	365
=	203.876					/	866.488	*	365
=	85.88

Cowealth Medical China 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
=	( (167.667	+	129.773)	/	2 )	/	186.302	*	365 / 4
=	148.72					/	186.302	*	365 / 4
=	72.84

Cowealth Medical China Co Days Payable Related Terms

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Cowealth Medical China Co (SHSE:603122) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Cowealth Medical China Co Ltd (SHSE:603122) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 1001 Qinzhou North Road, 21st Floor, Building 12, Xuhui District, Shanghai, CHN, 200131

Website

https://www.cowealth.com

Cowealth Medical China Co Ltd operates as a diagnostic clinical laboratory company. It has introduced radiation oncology technology into the market.

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