Hangzhou Bio-Sincerity Pharma-Tech Co (SZSE:301096) Days Payable : 370.56 (As of Mar. 2024)

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What is Hangzhou Bio-Sincerity Pharma-Tech Co Days Payable?

Hangzhou Bio-Sincerity Pharma-Tech Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥279 Mil. Hangzhou Bio-Sincerity Pharma-Tech Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥69 Mil. Hence, Hangzhou Bio-Sincerity Pharma-Tech Co's Days Payable for the three months ended in Mar. 2024 was 370.56.

The historical rank and industry rank for Hangzhou Bio-Sincerity Pharma-Tech Co's Days Payable or its related term are showing as below:

SZSE:301096' s Days Payable Range Over the Past 10 Years
Min: 17.34 Med: 99.85 Max: 277.05
Current: 236.43

During the past 7 years, Hangzhou Bio-Sincerity Pharma-Tech Co's highest Days Payable was 277.05. The lowest was 17.34. And the median was 99.85.

SZSE:301096's Days Payable is ranked better than
85.17% of 978 companies
in the Drug Manufacturers industry
Industry Median: 86.975 vs SZSE:301096: 236.43

Hangzhou Bio-Sincerity Pharma-Tech Co's Days Payable increased from Mar. 2023 (271.46) to Mar. 2024 (370.56). It may suggest that Hangzhou Bio-Sincerity Pharma-Tech Co delayed paying its suppliers.

Hangzhou Bio-Sincerity Pharma-Tech Co Days Payable Historical Data

The historical data trend for Hangzhou Bio-Sincerity Pharma-Tech 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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Hangzhou Bio-Sincerity Pharma-Tech Co Days Payable Chart

Hangzhou Bio-Sincerity Pharma-Tech Co Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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18.94

99.85

251.41

277.05

255.17

Hangzhou Bio-Sincerity Pharma-Tech Co Quarterly Data
	Dec18	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															271.46	201.62	229.60	218.75	370.56

Competitive Comparison of Hangzhou Bio-Sincerity Pharma-Tech Co's Days Payable

For the Drug Manufacturers - General subindustry, Hangzhou Bio-Sincerity Pharma-Tech 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.

Hangzhou Bio-Sincerity Pharma-Tech Co's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Hangzhou Bio-Sincerity Pharma-Tech Co's Days Payable distribution charts can be found below:

* The bar in red indicates where Hangzhou Bio-Sincerity Pharma-Tech Co's Days Payable falls into.

Hangzhou Bio-Sincerity Pharma-Tech 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.

Hangzhou Bio-Sincerity Pharma-Tech 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
=	( (167.025	+	323.381)	/	2 )	/	350.737	*	365
=	245.203					/	350.737	*	365
=	255.17

Hangzhou Bio-Sincerity Pharma-Tech 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
=	( (323.381	+	233.871)	/	2 )	/	68.611	*	365 / 4
=	278.626					/	68.611	*	365 / 4
=	370.56

Hangzhou Bio-Sincerity Pharma-Tech Co Days Payable Related Terms

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Hangzhou Bio-Sincerity Pharma-Tech Co (SZSE:301096) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou Bio-Sincerity Pharma-Tech Co Ltd (SZSE:301096) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

611 Dongguan Road, 2nd Floor, Building 8, Jinsheng Technology Park, Binjiang District, Hangzhou, CHN

Website

https://www.hzbio-s.com

Hangzhou Bio-Sincerity Pharma-Tech Co Ltd is a pharmaceutical technology research and development company. The company's business covers drug discovery, pharmaceutical research, clinical research, and registration application.

Hangzhou Bio-Sincerity Pharma-Tech Co (SZSE:301096) Headlines

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