CQ Pharmaceutical Holding Co (SZSE:000950) Days Payable : 89.30 (As of Mar. 2024)

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What is CQ Pharmaceutical Holding Co Days Payable?

CQ Pharmaceutical Holding Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥17,717 Mil. CQ Pharmaceutical Holding Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥18,103 Mil. Hence, CQ Pharmaceutical Holding Co's Days Payable for the three months ended in Mar. 2024 was 89.30.

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

SZSE:000950' s Days Payable Range Over the Past 10 Years
Min: 40.84 Med: 76.67 Max: 110.38
Current: 82.57

During the past 13 years, CQ Pharmaceutical Holding Co's highest Days Payable was 110.38. The lowest was 40.84. And the median was 76.67.

SZSE:000950's Days Payable is ranked better than
54.74% of 95 companies
in the Medical Distribution industry
Industry Median: 73.55 vs SZSE:000950: 82.57

CQ Pharmaceutical Holding Co's Days Payable increased from Mar. 2023 (74.34) to Mar. 2024 (89.30). It may suggest that CQ Pharmaceutical Holding Co delayed paying its suppliers.

CQ Pharmaceutical Holding Co Days Payable Historical Data

The historical data trend for CQ Pharmaceutical Holding 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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CQ Pharmaceutical Holding Co Days Payable Chart

CQ Pharmaceutical Holding Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

78.70

81.09

74.24

76.19

77.14

CQ Pharmaceutical Holding 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															74.34	74.53	91.17	77.03	89.30

Competitive Comparison of CQ Pharmaceutical Holding Co's Days Payable

For the Medical Distribution subindustry, CQ Pharmaceutical Holding 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.

CQ Pharmaceutical Holding Co's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, CQ Pharmaceutical Holding Co's Days Payable distribution charts can be found below:

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

CQ Pharmaceutical Holding 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.

CQ Pharmaceutical Holding 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
=	( (13760.557	+	17437.174)	/	2 )	/	73810.392	*	365
=	15598.8655					/	73810.392	*	365
=	77.14

CQ Pharmaceutical Holding 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
=	( (17437.174	+	17995.874)	/	2 )	/	18103.47	*	365 / 4
=	17716.524					/	18103.47	*	365 / 4
=	89.30

CQ Pharmaceutical Holding Co Days Payable Related Terms

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CQ Pharmaceutical Holding Co (SZSE:000950) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » CQ Pharmaceutical Holding Co Ltd (SZSE:000950) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

333 Jinshi Avenue, Yubei District, Chongqing, CHN, 400010

Website

http://www.cqphar.com

CQ Pharmaceutical Holding Co Ltd distributes pharmaceutical products. It is the fixed-point reserve unit for drug and medical equipment of the central and Chongqing industries. The pharmaceutical business sector covers hospitals, pharmaceuticals, healthcare products, hospital sales, commercial wholesale, retail chains, terminal distribution, warehousing logistics and supply chain value-added services. Geographically, the group operates through China.

CQ Pharmaceutical Holding Co (SZSE:000950) Headlines

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