HitGen (SHSE:688222) Days Payable : 22.44 (As of Mar. 2024)

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What is HitGen Days Payable?

HitGen's average Accounts Payable for the three months ended in Mar. 2024 was ¥11.9 Mil. HitGen's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥48.5 Mil. Hence, HitGen's Days Payable for the three months ended in Mar. 2024 was 22.44.

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

SHSE:688222' s Days Payable Range Over the Past 10 Years
Min: 27.84 Med: 79.12 Max: 253.48
Current: 27.84

During the past 8 years, HitGen's highest Days Payable was 253.48. The lowest was 27.84. And the median was 79.12.

SHSE:688222's Days Payable is ranked worse than
85.06% of 723 companies
in the Biotechnology industry
Industry Median: 148.78 vs SHSE:688222: 27.84

HitGen's Days Payable declined from Mar. 2023 (40.74) to Mar. 2024 (22.44). It may suggest that HitGen accelerated paying its suppliers.

HitGen Days Payable Historical Data

The historical data trend for HitGen'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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HitGen Days Payable Chart

HitGen Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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160.58

79.58

71.28

76.37

29.02

HitGen 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															40.74	34.55	28.49	24.08	22.44

Competitive Comparison of HitGen's Days Payable

For the Biotechnology subindustry, HitGen'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.

HitGen's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, HitGen's Days Payable distribution charts can be found below:

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

HitGen 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.

HitGen'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
=	( (18.622	+	11.345)	/	2 )	/	188.455	*	365
=	14.9835					/	188.455	*	365
=	29.02

HitGen'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
=	( (11.345	+	12.528)	/	2 )	/	48.535	*	365 / 4
=	11.9365					/	48.535	*	365 / 4
=	22.44

HitGen Days Payable Related Terms

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HitGen (SHSE:688222) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » HitGen Inc (SHSE:688222) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 18, Section 2, Biocity Middle Road, Chengdu Tianfu International Biological City, Shuangliu District, Sichuan Province, Chengdu, CHN, 610093

Website

https://www.hitgen.com

HitGen Inc is engaged in drug research and development and provision of technical consultation, technology transfer, and technical services. The company uses DEL technology to provide research and development services for early drug discovery and transfer of new drug R&D projects.

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