Chemclin Diagnostics Co (SHSE:688468) Days Payable : 326.22 (As of Mar. 2024)

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What is Chemclin Diagnostics Co Days Payable?

Chemclin Diagnostics Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥88.6 Mil. Chemclin Diagnostics Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥24.8 Mil. Hence, Chemclin Diagnostics Co's Days Payable for the three months ended in Mar. 2024 was 326.22.

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

SHSE:688468' s Days Payable Range Over the Past 10 Years
Min: 47.14 Med: 83.36 Max: 272.68
Current: 272.68

During the past 7 years, Chemclin Diagnostics Co's highest Days Payable was 272.68. The lowest was 47.14. And the median was 83.36.

SHSE:688468's Days Payable is ranked better than
82.52% of 206 companies
in the Medical Diagnostics & Research industry
Industry Median: 66.645 vs SHSE:688468: 272.68

Chemclin Diagnostics Co's Days Payable increased from Mar. 2023 (193.72) to Mar. 2024 (326.22). It may suggest that Chemclin Diagnostics Co delayed paying its suppliers.

Chemclin Diagnostics Co Days Payable Historical Data

The historical data trend for Chemclin Diagnostics 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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Chemclin Diagnostics Co Days Payable Chart

Chemclin Diagnostics Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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56.08

87.39

83.36

137.39

262.78

Chemclin Diagnostics Co Quarterly Data
	Dec18	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															193.72	214.53	294.43	338.30	326.22

Competitive Comparison of Chemclin Diagnostics Co's Days Payable

For the Diagnostics & Research subindustry, Chemclin Diagnostics 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.

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

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

* The bar in red indicates where Chemclin Diagnostics Co's Days Payable falls into.

Chemclin Diagnostics 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.

Chemclin Diagnostics 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
=	( (67.753	+	90.237)	/	2 )	/	109.724	*	365
=	78.995					/	109.724	*	365
=	262.78

Chemclin Diagnostics 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
=	( (90.237	+	86.935)	/	2 )	/	24.779	*	365 / 4
=	88.586					/	24.779	*	365 / 4
=	326.22

Chemclin Diagnostics Co Days Payable Related Terms

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Chemclin Diagnostics Co (SHSE:688468) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Chemclin Diagnostics Co Ltd (SHSE:688468) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 7 Fengxian Middle Road, 6th & 7th Floor Incubator Building, Beike Modern Manufacturing Park, Yongfeng Base, Haidian District, Beijing, CHN, 100094

Website

http://www.chemclin.com

Chemclin Diagnostics Co Ltd is engaged in the development, production and sales of clinical immunochemiluminescence diagnostic testing reagents and instruments.

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