Hubei Biocause Pharmaceutical Co (SZSE:000627) Days Payable : 3.81 (As of Mar. 2024)

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What is Hubei Biocause Pharmaceutical Co Days Payable?

Hubei Biocause Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥792 Mil. Hubei Biocause Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥18,983 Mil. Hence, Hubei Biocause Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 3.81.

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

SZSE:000627' s Days Payable Range Over the Past 10 Years
Min: 3.21 Med: 7.54 Max: 70.72
Current: 7.69

During the past 13 years, Hubei Biocause Pharmaceutical Co's highest Days Payable was 70.72. The lowest was 3.21. And the median was 7.54.

SZSE:000627's Days Payable is ranked worse than
88% of 50 companies
in the Insurance industry
Industry Median: 52.68 vs SZSE:000627: 7.69

Hubei Biocause Pharmaceutical Co's Days Payable declined from Mar. 2023 (4.22) to Mar. 2024 (3.81). It may suggest that Hubei Biocause Pharmaceutical Co accelerated paying its suppliers.

Hubei Biocause Pharmaceutical Co Days Payable Historical Data

The historical data trend for Hubei Biocause Pharmaceutical 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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Hubei Biocause Pharmaceutical Co Days Payable Chart

Hubei Biocause Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

5.36

10.84

3.21

6.48

21.46

Hubei Biocause Pharmaceutical 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															4.22	3.19	28.11	32.61	3.81

Competitive Comparison of Hubei Biocause Pharmaceutical Co's Days Payable

For the Insurance - Life subindustry, Hubei Biocause Pharmaceutical 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.

Hubei Biocause Pharmaceutical Co's Days Payable Distribution in the Insurance Industry

For the Insurance industry and Financial Services sector, Hubei Biocause Pharmaceutical Co's Days Payable distribution charts can be found below:

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

Hubei Biocause Pharmaceutical 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.

Hubei Biocause Pharmaceutical 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
=	( (206.898	+	949.045)	/	2 )	/	9829.634	*	365
=	577.9715					/	9829.634	*	365
=	21.46

Hubei Biocause Pharmaceutical 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
=	( (949.045	+	635.624)	/	2 )	/	18983.359	*	365 / 4
=	792.3345					/	18983.359	*	365 / 4
=	3.81

Hubei Biocause Pharmaceutical Co Days Payable Related Terms

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Hubei Biocause Pharmaceutical Co (SZSE:000627) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hubei Biocause Pharmaceutical Co Ltd (SZSE:000627) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

2nd Floor, Building 1, No. 1 Tianshan Road, Guohua Huijin Center, Zhanghe New District, Hubei Province, Jingmen, CHN, 448000

Website

http://www.tianmaogroup.net

Hubei Biocause Pharmaceutical Co Ltd is a China-based company engaged in life insurance, health insurance, accident insurance, and other life insurance businesses, medicine, and chemical businesses. The company generates its revenue in the form of premiums.

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