China National Medicines (SHSE:600511) Days Payable : 87.23 (As of Mar. 2024)

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What is China National Medicines Days Payable?

China National Medicines's average Accounts Payable for the three months ended in Mar. 2024 was ¥10,774 Mil. China National Medicines's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥11,270 Mil. Hence, China National Medicines's Days Payable for the three months ended in Mar. 2024 was 87.23.

The historical rank and industry rank for China National Medicines's Days Payable or its related term are showing as below:

SHSE:600511' s Days Payable Range Over the Past 10 Years
Min: 55.13 Med: 81.72 Max: 90.15
Current: 84.62

During the past 13 years, China National Medicines's highest Days Payable was 90.15. The lowest was 55.13. And the median was 81.72.

SHSE:600511's Days Payable is ranked better than
56.84% of 95 companies
in the Medical Distribution industry
Industry Median: 73.55 vs SHSE:600511: 84.62

China National Medicines's Days Payable increased from Mar. 2023 (87.15) to Mar. 2024 (87.23). It may suggest that China National Medicines delayed paying its suppliers.

China National Medicines Days Payable Historical Data

The historical data trend for China National Medicines'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.

* Premium members only.

China National Medicines Days Payable Chart

China National Medicines Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

78.67

90.15

81.15

87.47

83.29

China National Medicines 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															87.15	80.68	90.27	85.01	87.23

Competitive Comparison of China National Medicines's Days Payable

For the Medical Distribution subindustry, China National Medicines'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.

China National Medicines's Days Payable Distribution in the Medical Distribution Industry

For the Medical Distribution industry and Healthcare sector, China National Medicines's Days Payable distribution charts can be found below:

* The bar in red indicates where China National Medicines's Days Payable falls into.

China National Medicines 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.

China National Medicines'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
=	( (9916.659	+	10943.06)	/	2 )	/	45704.777	*	365
=	10429.8595					/	45704.777	*	365
=	83.29

China National Medicines'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
=	( (10943.06	+	10604.487)	/	2 )	/	11270.056	*	365 / 4
=	10773.7735					/	11270.056	*	365 / 4
=	87.23

China National Medicines Days Payable Related Terms

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China National Medicines (SHSE:600511) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Distribution » China National Medicines Corp Ltd (SHSE:600511) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

No. 12 A, Sanyuan West Lane, Yongwai, Chongwen District, Beijing, CHN, 100077

Website

http://www.cncm.com.cn

China National Medicines Corp Ltd focuses on producing special drugs and high-end prescription drugs. Its main goal is to provide customers with professional medical services. The company is also engaged in proprietary Chinese medicines, Chinese medicine decoction pieces, Chinese medicinal materials, chemical preparations, chemical raw materials, antibiotics, and biochemical drugs.

China National Medicines (SHSE:600511) Headlines

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