Tianjin Chase Sun Pharmaceutical Co (SZSE:300026) Days Payable : 92.06 (As of Mar. 2024)

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What is Tianjin Chase Sun Pharmaceutical Co Days Payable?

Tianjin Chase Sun Pharmaceutical Co's average Accounts Payable for the three months ended in Mar. 2024 was ¥720 Mil. Tianjin Chase Sun Pharmaceutical Co's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥713 Mil. Hence, Tianjin Chase Sun Pharmaceutical Co's Days Payable for the three months ended in Mar. 2024 was 92.06.

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

SZSE:300026' s Days Payable Range Over the Past 10 Years
Min: 75.96 Med: 94.58 Max: 117.11
Current: 101.07

During the past 13 years, Tianjin Chase Sun Pharmaceutical Co's highest Days Payable was 117.11. The lowest was 75.96. And the median was 94.58.

SZSE:300026's Days Payable is ranked better than
58.01% of 974 companies
in the Drug Manufacturers industry
Industry Median: 87.51 vs SZSE:300026: 101.07

Tianjin Chase Sun Pharmaceutical Co's Days Payable declined from Mar. 2023 (115.80) to Mar. 2024 (92.06). It may suggest that Tianjin Chase Sun Pharmaceutical Co accelerated paying its suppliers.

Tianjin Chase Sun Pharmaceutical Co Days Payable Historical Data

The historical data trend for Tianjin Chase Sun 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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Tianjin Chase Sun Pharmaceutical Co Days Payable Chart

Tianjin Chase Sun Pharmaceutical Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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89.07

85.04

80.68

96.72

104.04

Tianjin Chase Sun 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															115.80	101.85	94.88	111.05	92.06

Competitive Comparison of Tianjin Chase Sun Pharmaceutical Co's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Tianjin Chase Sun 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.

Tianjin Chase Sun Pharmaceutical Co's Days Payable Distribution in the Drug Manufacturers Industry

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

* The bar in red indicates where Tianjin Chase Sun Pharmaceutical Co's Days Payable falls into.

Tianjin Chase Sun 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.

Tianjin Chase Sun 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
=	( (884.774	+	713.452)	/	2 )	/	2803.387	*	365
=	799.113					/	2803.387	*	365
=	104.04

Tianjin Chase Sun 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
=	( (713.452	+	725.631)	/	2 )	/	713.224	*	365 / 4
=	719.5415					/	713.224	*	365 / 4
=	92.06

Tianjin Chase Sun Pharmaceutical Co Days Payable Related Terms

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Tianjin Chase Sun Pharmaceutical Co (SZSE:300026) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Tianjin Chase Sun Pharmaceutical Co Ltd (SZSE:300026) » Definitions » Days Payable

Traded in Other Exchanges

N/A

Address

No. 20, Quanfa Road, Tianjin Wuqing Development Area, Tianjin, CHN, 301700

Website

http://www.chasesun.cn

Tianjin Chase Sun Pharmaceutical Co Ltd is a high-tech medicine and health industry group. The company offers Chinese herb preparation products, medicinal granules, synthetic drugs, biotech drugs, medical apparatus, and Internet-based therapy.

Tianjin Chase Sun Pharmaceutical Co (SZSE:300026) Headlines

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