Cathay Biotech (SHSE:688065) Days Payable : 292.58 (As of Mar. 2024)

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What is Cathay Biotech Days Payable?

Cathay Biotech's average Accounts Payable for the three months ended in Mar. 2024 was ¥1,565 Mil. Cathay Biotech's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥488 Mil. Hence, Cathay Biotech's Days Payable for the three months ended in Mar. 2024 was 292.58.

The historical rank and industry rank for Cathay Biotech's Days Payable or its related term are showing as below:

SHSE:688065' s Days Payable Range Over the Past 10 Years
Min: 78.63 Med: 225.01 Max: 332.41
Current: 302.59

During the past 8 years, Cathay Biotech's highest Days Payable was 332.41. The lowest was 78.63. And the median was 225.01.

SHSE:688065's Days Payable is ranked better than
97.67% of 1503 companies
in the Chemicals industry
Industry Median: 60.47 vs SHSE:688065: 302.59

Cathay Biotech's Days Payable declined from Mar. 2023 (297.00) to Mar. 2024 (292.58). It may suggest that Cathay Biotech accelerated paying its suppliers.

Cathay Biotech Days Payable Historical Data

The historical data trend for Cathay Biotech'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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Cathay Biotech Days Payable Chart

Cathay Biotech Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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327.08

251.23

78.63

157.27

332.41

Cathay Biotech 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															297.00	266.45	304.50	372.80	292.58

Competitive Comparison of Cathay Biotech's Days Payable

For the Chemicals subindustry, Cathay Biotech'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.

Cathay Biotech's Days Payable Distribution in the Chemicals Industry

For the Chemicals industry and Basic Materials sector, Cathay Biotech's Days Payable distribution charts can be found below:

* The bar in red indicates where Cathay Biotech's Days Payable falls into.

Cathay Biotech 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.

Cathay Biotech'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
=	( (1060.056	+	1681.95)	/	2 )	/	1505.425	*	365
=	1371.003					/	1505.425	*	365
=	332.41

Cathay Biotech'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
=	( (1681.95	+	1448.608)	/	2 )	/	488.181	*	365 / 4
=	1565.279					/	488.181	*	365 / 4
=	292.58

Cathay Biotech Days Payable Related Terms

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Cathay Biotech (SHSE:688065) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Chemicals » Cathay Biotech Inc (SHSE:688065) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

1690 Cailun Road, 4th Floor, Building 5, China (Shanghai) Pilot Free Trade Zone, Shanghai, CHN, 201203

Website

https://www.cathaybiotech.com

Cathay Biotech Inc is engaged in production of revolutionary products, including bio-based polyamide,bio-based DN5 (1,5-pentanediamine), long chain dibasic acids (LCDA) and biobutanol. The company's commercial development platform focuses on research of molecular biology, fermentation process engineering, polymer material. Its products include Dibasic Acids, Pentamethylene Diamine, and Bio-based Polyamide.

Cathay Biotech (SHSE:688065) Headlines

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