Realcan Pharmaceutical Group Co (SZSE:002589) Days Payable : 204.46 (As of Mar. 2024)

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What is Realcan Pharmaceutical Group Co Days Payable?

Realcan Pharmaceutical Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥3,979 Mil. Realcan Pharmaceutical Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥1,776 Mil. Hence, Realcan Pharmaceutical Group Co's Days Payable for the three months ended in Mar. 2024 was 204.46.

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

SZSE:002589' s Days Payable Range Over the Past 10 Years
Min: 101.17 Med: 123.53 Max: 300.29
Current: 295.65

During the past 13 years, Realcan Pharmaceutical Group Co's highest Days Payable was 300.29. The lowest was 101.17. And the median was 123.53.

SZSE:002589's Days Payable is ranked better than
93.68% of 95 companies
in the Medical Distribution industry
Industry Median: 73.55 vs SZSE:002589: 295.65

Realcan Pharmaceutical Group Co's Days Payable declined from Mar. 2023 (382.28) to Mar. 2024 (204.46). It may suggest that Realcan Pharmaceutical Group Co accelerated paying its suppliers.

Realcan Pharmaceutical Group Co Days Payable Historical Data

The historical data trend for Realcan Pharmaceutical Group 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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Realcan Pharmaceutical Group Co Days Payable Chart

Realcan Pharmaceutical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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124.41

155.51

191.45

300.29

289.61

Realcan Pharmaceutical Group 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															382.28	362.85	376.20	256.13	204.46

Competitive Comparison of Realcan Pharmaceutical Group Co's Days Payable

For the Medical Distribution subindustry, Realcan Pharmaceutical Group 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.

Realcan Pharmaceutical Group Co's Days Payable Distribution in the Medical Distribution Industry

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

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

Realcan Pharmaceutical Group 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.

Realcan Pharmaceutical Group 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
=	( (7714.752	+	3722.628)	/	2 )	/	7207.336	*	365
=	5718.69					/	7207.336	*	365
=	289.61

Realcan Pharmaceutical Group 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
=	( (3722.628	+	4234.585)	/	2 )	/	1775.625	*	365 / 4
=	3978.6065					/	1775.625	*	365 / 4
=	204.46

Realcan Pharmaceutical Group Co Days Payable Related Terms

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Realcan Pharmaceutical Group Co (SZSE:002589) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » Realcan Pharmaceutical Group Co Ltd (SZSE:002589) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 326, Airport Road, Zhifu District, Shandong Province, Yantai, CHN, 264004

Website

http://www.realcan.cn

Realcan Pharmaceutical Group Co Ltd is a Chinese company engaged in direct pharmaceuticals distribution services. The company's main business is divided into the Drug, vaccine, medical device circulation service; Medical industry third-party logistics; Medical information service; Medical logistics service; Chinese medicine plate; Hospital management sector; Medical industry research and development production sector; and Medical industry financial sector.

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