Qianjiang Yongan Pharmaceutical Co (SZSE:002365) Days Payable : 95.61 (As of Mar. 2024)

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What is Qianjiang Yongan Pharmaceutical Co Days Payable?

Qianjiang Yongan Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥147.0 Mil. Qianjiang Yongan Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥140.3 Mil. Hence, Qianjiang Yongan Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 95.61.

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

SZSE:002365' s Days Payable Range Over the Past 10 Years
Min: 26.66 Med: 40.36 Max: 89.42
Current: 89.42

During the past 13 years, Qianjiang Yongan Pharmaceutical Co's highest Days Payable was 89.42. The lowest was 26.66. And the median was 40.36.

SZSE:002365's Days Payable is ranked better than
50.15% of 973 companies
in the Drug Manufacturers industry
Industry Median: 89.33 vs SZSE:002365: 89.42

Qianjiang Yongan Pharmaceutical Co's Days Payable increased from Mar. 2023 (74.29) to Mar. 2024 (95.61). It may suggest that Qianjiang Yongan Pharmaceutical Co delayed paying its suppliers.

Qianjiang Yongan Pharmaceutical Co Days Payable Historical Data

The historical data trend for Qianjiang Yongan Pharmaceutical 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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Qianjiang Yongan Pharmaceutical Co Days Payable Chart

Qianjiang Yongan Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

43.99

46.65

32.13

51.67

81.84

Qianjiang Yongan Pharmaceutical 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															74.29	90.01	81.15	87.49	95.61

Competitive Comparison of Qianjiang Yongan Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Qianjiang Yongan Pharmaceutical 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.

Qianjiang Yongan Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Qianjiang Yongan Pharmaceutical Co's Days Payable distribution charts can be found below:

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

Qianjiang Yongan Pharmaceutical 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.

Qianjiang Yongan Pharmaceutical 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
=	( (162.771	+	160.651)	/	2 )	/	721.213	*	365
=	161.711					/	721.213	*	365
=	81.84

Qianjiang Yongan Pharmaceutical 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
=	( (160.651	+	133.305)	/	2 )	/	140.271	*	365 / 4
=	146.978					/	140.271	*	365 / 4
=	95.61

Qianjiang Yongan Pharmaceutical Co Days Payable Related Terms

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Qianjiang Yongan Pharmaceutical Co (SZSE:002365) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Qianjiang Yongan Pharmaceutical Co Ltd (SZSE:002365) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 2, Guangze Avenue, Qianjiang Economic Development Zone, Hubei Province, Wuhan, CHN, 433100

Website

http://www.chinataurine.com

Qianjiang Yongan Pharmaceutical Co Ltd is a China-based company principally involved in the manufacturing of taurine products. The company sells its products in China and other international countries.

Executives

Mei Song Lin	Executives
Wang Zhi Hua	Executives
Hong Ren Gui	Executives
Wu Yu Xi	Directors, executives
Dai Xiang Zhen	Executives
Wu Xiao Bo	Directors, executives
Luo Bai Neng	Executives
Ding Hong Li	Directors, executives
Fang Xi Quan	Executives
Li Shao Bo	Executives
Deng Yong Hong	Securities Affairs Representative
Dong Shi Hao	Executives
Wu Guo Sen	Supervisors
Lv Xin Wu	Executives
Chen Yong	Directors, executives

Qianjiang Yongan Pharmaceutical Co (SZSE:002365) Headlines

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