Hangzhou Minsheng Healthcare Co (SZSE:301507) Days Payable : 30.22 (As of Mar. 2024)

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What is Hangzhou Minsheng Healthcare Co Days Payable?

Hangzhou Minsheng Healthcare Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥28.9 Mil. Hangzhou Minsheng Healthcare Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥87.3 Mil. Hence, Hangzhou Minsheng Healthcare Co's Days Payable for the three months ended in Mar. 2024 was 30.22.

The historical rank and industry rank for Hangzhou Minsheng Healthcare Co's Days Payable or its related term are showing as below:

SZSE:301507' s Days Payable Range Over the Past 10 Years
Min: 20.57 Med: 33.17 Max: 57.08
Current: 50.18

During the past 6 years, Hangzhou Minsheng Healthcare Co's highest Days Payable was 57.08. The lowest was 20.57. And the median was 33.17.

SZSE:301507's Days Payable is ranked worse than
74.46% of 975 companies
in the Drug Manufacturers industry
Industry Median: 87.13 vs SZSE:301507: 50.18

Hangzhou Minsheng Healthcare Co's Days Payable declined from Mar. 2023 (43.42) to Mar. 2024 (30.22). It may suggest that Hangzhou Minsheng Healthcare Co accelerated paying its suppliers.

Hangzhou Minsheng Healthcare Co Days Payable Historical Data

The historical data trend for Hangzhou Minsheng Healthcare 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 Minsheng Healthcare Co Days Payable Chart

Hangzhou Minsheng Healthcare Co Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

20.57

25.05

39.93

50.07

57.08

Hangzhou Minsheng Healthcare Co Quarterly Data
	Dec18	Dec19	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial									43.42	36.41	77.84	84.99	30.22

Competitive Comparison of Hangzhou Minsheng Healthcare Co's Days Payable

For the Drug Manufacturers - General subindustry, Hangzhou Minsheng Healthcare 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 Minsheng Healthcare Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Hangzhou Minsheng Healthcare Co's Days Payable falls into.

Hangzhou Minsheng Healthcare 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 Minsheng Healthcare 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
=	( (38.131	+	30.873)	/	2 )	/	220.639	*	365
=	34.502					/	220.639	*	365
=	57.08

Hangzhou Minsheng Healthcare 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
=	( (30.873	+	26.918)	/	2 )	/	87.256	*	365 / 4
=	28.8955					/	87.256	*	365 / 4
=	30.22

Hangzhou Minsheng Healthcare Co Days Payable Related Terms

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Hangzhou Minsheng Healthcare Co (SZSE:301507) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Hangzhou Minsheng Healthcare Co Ltd (SZSE:301507) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 101, Xintian Road, Donghu Street, Linping, Zhejiang, Hangzhou, CHN, 311100

Website

http://www.21vita.com

Hangzhou Minsheng Healthcare Co Ltd focuses on the field of vitamin and mineral supplements and is a high-tech enterprise integrating research and development, production and sales of vitamin and mineral over-the-counter drugs and health food. The company's current main product is 21 Golden Vita multi-dimensional element tablets (21).

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