Zhejiang Jolly Pharmaceutical Co (SZSE:300181) Days Payable : 205.58 (As of Mar. 2024)

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What is Zhejiang Jolly Pharmaceutical Co Days Payable?

Zhejiang Jolly Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥505 Mil. Zhejiang Jolly Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥224 Mil. Hence, Zhejiang Jolly Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 205.58.

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

SZSE:300181' s Days Payable Range Over the Past 10 Years
Min: 78.21 Med: 180.85 Max: 268.61
Current: 254.79

During the past 13 years, Zhejiang Jolly Pharmaceutical Co's highest Days Payable was 268.61. The lowest was 78.21. And the median was 180.85.

SZSE:300181's Days Payable is ranked better than
62.98% of 724 companies
in the Biotechnology industry
Industry Median: 150.695 vs SZSE:300181: 254.79

Zhejiang Jolly Pharmaceutical Co's Days Payable declined from Mar. 2023 (280.19) to Mar. 2024 (205.58). It may suggest that Zhejiang Jolly Pharmaceutical Co accelerated paying its suppliers.

Zhejiang Jolly Pharmaceutical Co Days Payable Historical Data

The historical data trend for Zhejiang Jolly 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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Zhejiang Jolly Pharmaceutical Co Days Payable Chart

Zhejiang Jolly Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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178.51

198.64

217.70

263.02

268.61

Zhejiang Jolly 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															280.19	267.31	289.19	261.28	205.58

Competitive Comparison of Zhejiang Jolly Pharmaceutical Co's Days Payable

For the Biotechnology subindustry, Zhejiang Jolly 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.

Zhejiang Jolly Pharmaceutical Co's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Zhejiang Jolly Pharmaceutical Co's Days Payable distribution charts can be found below:

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

Zhejiang Jolly 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.

Zhejiang Jolly 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
=	( (468.883	+	433.853)	/	2 )	/	613.341	*	365
=	451.368					/	613.341	*	365
=	268.61

Zhejiang Jolly 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
=	( (433.853	+	576.469)	/	2 )	/	224.227	*	365 / 4
=	505.161					/	224.227	*	365 / 4
=	205.58

Zhejiang Jolly Pharmaceutical Co Days Payable Related Terms

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Zhejiang Jolly Pharmaceutical Co (SZSE:300181) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Zhejiang Jolly Pharmaceutical Co Ltd (SZSE:300181) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No 388 Zhiyuan North Road, Moganshan Economic, Development Zone, Deqing, CHN, 313200

Website

http://www.zuoli.com

Zhejiang Jolly Pharmaceutical Co Ltd is a China-based company engaged in the production and distribution of pharmaceutical products. Its production lines include raw materials, tablets, capsules, particles and frozen dry powder injection. Its products include Wuling powder, Wuling capsule, linglianhua particle, clindamycin phosphate injection and other.

Executives

Shen Ai Ying	Executives
Chen Guo Fen	Executives
Yu You Qiang	Director
Chen Jian	Executives
Zheng Xue Gen	Director
Guo Yin Li	Supervisors
Wang Tao	Executives
Yang Jun De	Director
Chen Rui Xiang	Supervisors
Dong Hong Yu	Directors, executives
Zheng Chao Yi	Directors, executives
Zhu Xiao Ping	Executives
Wu Ying	Securities Affairs Representative

Zhejiang Jolly Pharmaceutical Co (SZSE:300181) Headlines

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