Nanjing Hicin Pharmaceutical Co (SZSE:300584) Days Payable : 308.66 (As of Mar. 2024)

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What is Nanjing Hicin Pharmaceutical Co Days Payable?

Nanjing Hicin Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥63.2 Mil. Nanjing Hicin Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥18.7 Mil. Hence, Nanjing Hicin Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 308.66.

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

SZSE:300584' s Days Payable Range Over the Past 10 Years
Min: 58.82 Med: 105.71 Max: 257.41
Current: 257.41

During the past 12 years, Nanjing Hicin Pharmaceutical Co's highest Days Payable was 257.41. The lowest was 58.82. And the median was 105.71.

SZSE:300584's Days Payable is ranked better than
87.36% of 973 companies
in the Drug Manufacturers industry
Industry Median: 89.33 vs SZSE:300584: 257.41

Nanjing Hicin Pharmaceutical Co's Days Payable increased from Mar. 2023 (272.26) to Mar. 2024 (308.66). It may suggest that Nanjing Hicin Pharmaceutical Co delayed paying its suppliers.

Nanjing Hicin Pharmaceutical Co Days Payable Historical Data

The historical data trend for Nanjing Hicin 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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Nanjing Hicin Pharmaceutical Co Days Payable Chart

Nanjing Hicin Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

78.24

58.82

169.00

196.73

233.98

Nanjing Hicin 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															272.26	254.24	271.94	223.64	308.66

Competitive Comparison of Nanjing Hicin Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Nanjing Hicin 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.

Nanjing Hicin Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Nanjing Hicin 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.

Nanjing Hicin 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
=	( (59.895	+	63.948)	/	2 )	/	96.594	*	365
=	61.9215					/	96.594	*	365
=	233.98

Nanjing Hicin 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
=	( (63.948	+	62.41)	/	2 )	/	18.678	*	365 / 4
=	63.179					/	18.678	*	365 / 4
=	308.66

Nanjing Hicin Pharmaceutical Co Days Payable Related Terms

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Nanjing Hicin Pharmaceutical Co (SZSE:300584) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Nanjing Hicin Pharmaceutical Co Ltd (SZSE:300584) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

Heng Road 1, Nanjing Economic and Technological Development Zone, Jiangsu Province, Nanjing, CHN, 210009

Website

http://www.hicin.cn

Nanjing Hicin Pharmaceutical Co Ltd is a China-based company engaged in producing pharmaceutical preparations. In addition, it is also involved in manufacturing synthetic chemicals, conducting new drug research and development as well as technical transferring. The company produces series of the medicines such as antivirals, antibiotics, endocrine drugs, gastrointestinal drugs, orthopedic drugs, drugs for the cardio-cerebral system and immuno-modulate agents. The active pharmaceutical ingredients, omeprazole sodium for injection, cefepime hydrochloride for Injection and lansoprazole tablets are exported by the firm into South-Asian countries, South-American countries and European countries.

Executives

Cao Yu Ping	Directors, executives
Yan Mei Qiang	Directors, executives
Jiang Xiang Ming	Executives
Gu Hai	Independent director

Nanjing Hicin Pharmaceutical Co (SZSE:300584) Headlines

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