Tasly Pharmaceutical Group Co (SHSE:600535) Days Payable : 123.42 (As of Mar. 2024)

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What is Tasly Pharmaceutical Group Co Days Payable?

Tasly Pharmaceutical Group Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥910 Mil. Tasly Pharmaceutical Group Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥673 Mil. Hence, Tasly Pharmaceutical Group Co's Days Payable for the three months ended in Mar. 2024 was 123.42.

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

SHSE:600535' s Days Payable Range Over the Past 10 Years
Min: 79.38 Med: 95.29 Max: 115
Current: 109.76

During the past 13 years, Tasly Pharmaceutical Group Co's highest Days Payable was 115.00. The lowest was 79.38. And the median was 95.29.

SHSE:600535's Days Payable is ranked better than
62.64% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.82 vs SHSE:600535: 109.76

Tasly Pharmaceutical Group Co's Days Payable increased from Mar. 2023 (109.83) to Mar. 2024 (123.42). It may suggest that Tasly Pharmaceutical Group Co delayed paying its suppliers.

Tasly Pharmaceutical Group Co Days Payable Historical Data

The historical data trend for Tasly Pharmaceutical Group 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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Tasly Pharmaceutical Group Co Days Payable Chart

Tasly Pharmaceutical Group Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

81.29

79.38

96.30

94.52

92.55

Tasly Pharmaceutical Group Co 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															109.83	97.11	105.20	89.90	123.42

Competitive Comparison of Tasly Pharmaceutical Group Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Tasly Pharmaceutical Group 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.

Tasly Pharmaceutical Group Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Tasly Pharmaceutical Group Co's Days Payable falls into.

Tasly Pharmaceutical Group 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.

Tasly Pharmaceutical Group 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
=	( (887.765	+	572.726)	/	2 )	/	2880.103	*	365
=	730.2455					/	2880.103	*	365
=	92.55

Tasly Pharmaceutical Group 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
=	( (572.726	+	1246.899)	/	2 )	/	672.675	*	365 / 4
=	909.8125					/	672.675	*	365 / 4
=	123.42

Tasly Pharmaceutical Group Co Days Payable Related Terms

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Tasly Pharmaceutical Group Co (SHSE:600535) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tasly Pharmaceutical Group Co Ltd (SHSE:600535) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

2 Pujihe Road East, Beichen District, Tasly TCM Garden, Tianjin, CHN, 300410

Website

http://www.tasly.com

Tasly Pharmaceutical Group Co Ltd is a China-based company engaged in the manufacturing and distribution of pharmaceutical products. Its herbal medicines include Tasly Cerebral Care Granules and Tasly ICP. Its chemical medicines comprise of Ketotifen Fumarate Tablets, Thiamphenicol Capsules, Glucurolactone Tablets and Sulpiride Tablets. Some of the other products offered by the company include PharmceuticalSubstances & API, HerbalExtract, and Concentrated Herbal Granules.

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