CMIC HOLDINGS Co (TSE:2309) Days Payable : 1.09 (As of Dec. 2023)

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What is CMIC HOLDINGS Co Days Payable?

CMIC HOLDINGS Co's average Accounts Payable for the three months ended in Dec. 2023 was 円167 Mil. CMIC HOLDINGS Co's Cost of Goods Sold for the three months ended in Dec. 2023 was 円13,981 Mil. Hence, CMIC HOLDINGS Co's Days Payable for the three months ended in Dec. 2023 was 1.09.

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

TSE:2309' s Days Payable Range Over the Past 10 Years
Min: 3 Med: 6.03 Max: 26.47
Current: 3.24

During the past 13 years, CMIC HOLDINGS Co's highest Days Payable was 26.47. The lowest was 3.00. And the median was 6.03.

TSE:2309's Days Payable is not ranked
in the Medical Diagnostics & Research industry.
Industry Median: 68.79 vs TSE:2309: 3.24

CMIC HOLDINGS Co's Days Payable declined from Dec. 2022 (5.41) to Dec. 2023 (1.09). It may suggest that CMIC HOLDINGS Co accelerated paying its suppliers.

CMIC HOLDINGS Co Days Payable Historical Data

The historical data trend for CMIC HOLDINGS 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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CMIC HOLDINGS Co Days Payable Chart

CMIC HOLDINGS Co Annual Data

Trend

Sep14

Sep15

Sep16

Sep17

Sep18

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

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5.66

6.24

5.50

4.94

2.91

CMIC HOLDINGS Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															5.41	5.28	2.99	0.87	1.09

Competitive Comparison of CMIC HOLDINGS Co's Days Payable

For the Diagnostics & Research subindustry, CMIC HOLDINGS 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.

CMIC HOLDINGS Co's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, CMIC HOLDINGS Co's Days Payable distribution charts can be found below:

* The bar in red indicates where CMIC HOLDINGS Co's Days Payable falls into.

CMIC HOLDINGS 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.

CMIC HOLDINGS Co's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

	Days Payable (A: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Sep. 2022 )	+	Accounts Payable (A: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (A: Sep. 2023 )	*	Days in Period
=	( (1190	+	85)	/	2 )	/	79999	*	365
=	637.5					/	79999	*	365
=	2.91

CMIC HOLDINGS Co's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (85	+	249)	/	2 )	/	13981	*	365 / 4
=	167					/	13981	*	365 / 4
=	1.09

CMIC HOLDINGS Co Days Payable Related Terms

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CMIC HOLDINGS Co (TSE:2309) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » CMIC HOLDINGS Co Ltd (TSE:2309) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Hamamatsucho Building, 1-1-1 Shibaura, Minato-ku, Tokyo, JPN, 105-0023

Website

https://www.cmicgroup.com

CMIC HOLDINGS Co Ltd is a Japan-based management consulting company. It contributes to the development of the medical and healthcare field. The company is mainly engaged in Contract Research Organization (CRO), Contract Development and Manufacturing (CDMO), Contract Sales Organization (CSO), Innovative Pharma Model (IPM) and healthcare business. CMIC support a wide range of pharmaceutical management services such as data management, statistical analysis, medicine consulting, medical writing, audit, and analytical tests, clinical trials for the medical and pharmaceutical industry, human resource services. It is also engaged in providing sales and marketing support for pharmaceuticals.

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