Zhejiang Shouxiangu Pharmaceutical Co (SHSE:603896) Days Payable : 293.62 (As of Mar. 2024)

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What is Zhejiang Shouxiangu Pharmaceutical Co Days Payable?

Zhejiang Shouxiangu Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥121.5 Mil. Zhejiang Shouxiangu Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥37.7 Mil. Hence, Zhejiang Shouxiangu Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 293.62.

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

SHSE:603896' s Days Payable Range Over the Past 10 Years
Min: 129.62 Med: 213.71 Max: 402.21
Current: 350.49

During the past 12 years, Zhejiang Shouxiangu Pharmaceutical Co's highest Days Payable was 402.21. The lowest was 129.62. And the median was 213.71.

SHSE:603896's Days Payable is ranked better than
70.26% of 723 companies
in the Biotechnology industry
Industry Median: 148.78 vs SHSE:603896: 350.49

Zhejiang Shouxiangu Pharmaceutical Co's Days Payable declined from Mar. 2023 (389.56) to Mar. 2024 (293.62). It may suggest that Zhejiang Shouxiangu Pharmaceutical Co accelerated paying its suppliers.

Zhejiang Shouxiangu Pharmaceutical Co Days Payable Historical Data

The historical data trend for Zhejiang Shouxiangu 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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Zhejiang Shouxiangu Pharmaceutical Co Days Payable Chart

Zhejiang Shouxiangu Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

129.62

200.65

333.59

402.21

390.20

Zhejiang Shouxiangu Pharmaceutical Co Quarterly Data
	Jun19	Sep19	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															389.56	430.84	460.29	291.73	293.62

Competitive Comparison of Zhejiang Shouxiangu Pharmaceutical Co's Days Payable

For the Biotechnology subindustry, Zhejiang Shouxiangu 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.

Zhejiang Shouxiangu Pharmaceutical Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Zhejiang Shouxiangu Pharmaceutical Co's Days Payable distribution charts can be found below:

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

Zhejiang Shouxiangu 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.

Zhejiang Shouxiangu 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
=	( (143.955	+	145.818)	/	2 )	/	135.528	*	365
=	144.8865					/	135.528	*	365
=	390.20

Zhejiang Shouxiangu Pharmaceutical 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
=	( (145.818	+	97.085)	/	2 )	/	37.744	*	365 / 4
=	121.4515					/	37.744	*	365 / 4
=	293.62

Zhejiang Shouxiangu Pharmaceutical Co Days Payable Related Terms

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Zhejiang Shouxiangu Pharmaceutical Co (SHSE:603896) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Zhejiang Shouxiangu Pharmaceutical Co Ltd (SHSE:603896) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

12th Huang Long Road, Wuyi County, Zhejiang Province, Wuyi, CHN, 321200

Website

http://www.sxg1909.com

Zhejiang Shouxiangu Pharmaceutical Co Ltd is a Chinese pharmaceutical company.

Executives

Zheng Hua Xian	Director
Sun Ke	Director
Wang Ying	senior management
Zhou Cheng Guo	senior management
Xu Jing	Director
Song Yong Hong	senior management
Liu Guo Fang	senior management

Zhejiang Shouxiangu Pharmaceutical Co (SHSE:603896) Headlines

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