Zhejiang Chemsyn Pharm Co (BJSE:870656) Days Payable : 53.99 (As of Mar. 2024)

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What is Zhejiang Chemsyn Pharm Co Days Payable?

Zhejiang Chemsyn Pharm Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥12.1 Mil. Zhejiang Chemsyn Pharm Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥20.5 Mil. Hence, Zhejiang Chemsyn Pharm Co's Days Payable for the three months ended in Mar. 2024 was 53.99.

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

BJSE:870656' s Days Payable Range Over the Past 10 Years
Min: 21.21 Med: 34.76 Max: 48.17
Current: 48.17

During the past 10 years, Zhejiang Chemsyn Pharm Co's highest Days Payable was 48.17. The lowest was 21.21. And the median was 34.76.

BJSE:870656's Days Payable is ranked better than
62.5% of 16 companies
in the Healthcare Plans industry
Industry Median: 37.085 vs BJSE:870656: 48.17

Zhejiang Chemsyn Pharm Co's Days Payable increased from Mar. 2023 (26.55) to Mar. 2024 (53.99). It may suggest that Zhejiang Chemsyn Pharm Co delayed paying its suppliers.

Zhejiang Chemsyn Pharm Co Days Payable Historical Data

The historical data trend for Zhejiang Chemsyn Pharm 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 Chemsyn Pharm Co Days Payable Chart

Zhejiang Chemsyn Pharm Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

29.38

25.16

45.63

44.95

37.04

Zhejiang Chemsyn Pharm Co Quarterly Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															26.55	33.31	61.63	59.09	53.99

Competitive Comparison of Zhejiang Chemsyn Pharm Co's Days Payable

For the Healthcare Plans subindustry, Zhejiang Chemsyn Pharm 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 Chemsyn Pharm Co's Days Payable Distribution in the Healthcare Plans Industry

For the Healthcare Plans industry and Healthcare sector, Zhejiang Chemsyn Pharm Co's Days Payable distribution charts can be found below:

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

Zhejiang Chemsyn Pharm 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 Chemsyn Pharm 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
=	( (7.737	+	12.926)	/	2 )	/	101.817	*	365
=	10.3315					/	101.817	*	365
=	37.04

Zhejiang Chemsyn Pharm 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
=	( (12.926	+	11.329)	/	2 )	/	20.496	*	365 / 4
=	12.1275					/	20.496	*	365 / 4
=	53.99

Zhejiang Chemsyn Pharm Co Days Payable Related Terms

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Zhejiang Chemsyn Pharm Co (BJSE:870656) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Healthcare Plans » Zhejiang Chemsyn Pharm Co Ltd (BJSE:870656) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Huayang Road, No. 36, High-tech Industrial Park, Zhejiang Province, Quzhou City, CHN

Website

http://www.zcpc.net

Zhejiang Chemsyn Pharm Co Ltd is engaged in research& development, production and sales of veterinary raw materials, pharmaceutical raw materials and intermediates. Its products category includes API, Sulfa API, Intermediates. It also includes N-Acetylsulfanilyl Chloride, Sulfanilamide, Sulfachloropyridazine Sodium, Sulfachloropyrazine Sodium.

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