Beijing Hotgen Biotech Co (SHSE:688068) Days Payable : 220.90 (As of Mar. 2024)

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What is Beijing Hotgen Biotech Co Days Payable?

Beijing Hotgen Biotech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥115.2 Mil. Beijing Hotgen Biotech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥47.6 Mil. Hence, Beijing Hotgen Biotech Co's Days Payable for the three months ended in Mar. 2024 was 220.90.

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

SHSE:688068' s Days Payable Range Over the Past 10 Years
Min: 20.92 Med: 73.07 Max: 296.77
Current: 214.99

During the past 8 years, Beijing Hotgen Biotech Co's highest Days Payable was 296.77. The lowest was 20.92. And the median was 73.07.

SHSE:688068's Days Payable is ranked better than
58.56% of 724 companies
in the Biotechnology industry
Industry Median: 150.695 vs SHSE:688068: 214.99

Beijing Hotgen Biotech Co's Days Payable declined from Mar. 2023 (313.36) to Mar. 2024 (220.90). It may suggest that Beijing Hotgen Biotech Co accelerated paying its suppliers.

Beijing Hotgen Biotech Co Days Payable Historical Data

The historical data trend for Beijing Hotgen Biotech 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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Beijing Hotgen Biotech Co Days Payable Chart

Beijing Hotgen Biotech Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

74.70

79.98

20.92

48.88

296.77

Beijing Hotgen Biotech 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															313.36	322.60	280.98	119.95	220.90

Competitive Comparison of Beijing Hotgen Biotech Co's Days Payable

For the Biotechnology subindustry, Beijing Hotgen Biotech 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.

Beijing Hotgen Biotech Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Beijing Hotgen Biotech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Beijing Hotgen Biotech Co's Days Payable falls into.

Beijing Hotgen Biotech 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.

Beijing Hotgen Biotech 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
=	( (263.443	+	115.435)	/	2 )	/	232.995	*	365
=	189.439					/	232.995	*	365
=	296.77

Beijing Hotgen Biotech 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
=	( (115.435	+	114.87)	/	2 )	/	47.567	*	365 / 4
=	115.1525					/	47.567	*	365 / 4
=	220.90

Beijing Hotgen Biotech Co Days Payable Related Terms

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Beijing Hotgen Biotech Co (SHSE:688068) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Beijing Hotgen Biotech Co Ltd (SHSE:688068) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 9 Tianfu Street, 9th Building, Bio-Medical Base, Daxing District, Beijing, CHN, 102600

Website

http://www.hotgen.com.cn

Beijing Hotgen Biotech Co Ltd is engaged in the development and manufacturing of innovative in-vitro diagnostic, point-of-care-testing and biodefense products.

Executives

Zhou Xin

Director

Beijing Hotgen Biotech Co (SHSE:688068) Headlines

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