Beijing Strong Biotechnologies (SZSE:300406) Days Payable : 90.82 (As of Mar. 2024)

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What is Beijing Strong Biotechnologies Days Payable?

Beijing Strong Biotechnologies's average Accounts Payable for the three months ended in Mar. 2024 was ¥91 Mil. Beijing Strong Biotechnologies's Cost of Goods Sold for the three months ended in Mar. 2024 was ¥91 Mil. Hence, Beijing Strong Biotechnologies's Days Payable for the three months ended in Mar. 2024 was 90.82.

The historical rank and industry rank for Beijing Strong Biotechnologies's Days Payable or its related term are showing as below:

SZSE:300406' s Days Payable Range Over the Past 10 Years
Min: 36.53 Med: 43.68 Max: 54.81
Current: 54.81

During the past 13 years, Beijing Strong Biotechnologies's highest Days Payable was 54.81. The lowest was 36.53. And the median was 43.68.

SZSE:300406's Days Payable is ranked worse than
57.77% of 206 companies
in the Medical Diagnostics & Research industry
Industry Median: 68.79 vs SZSE:300406: 54.81

Beijing Strong Biotechnologies's Days Payable increased from Mar. 2023 (41.02) to Mar. 2024 (90.82). It may suggest that Beijing Strong Biotechnologies delayed paying its suppliers.

Beijing Strong Biotechnologies Days Payable Historical Data

The historical data trend for Beijing Strong Biotechnologies'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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Beijing Strong Biotechnologies Days Payable Chart

Beijing Strong Biotechnologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

39.76

37.02

36.53

40.31

49.37

Beijing Strong Biotechnologies 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															41.02	38.30	48.59	43.65	90.82

Competitive Comparison of Beijing Strong Biotechnologies's Days Payable

For the Diagnostics & Research subindustry, Beijing Strong Biotechnologies'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.

Beijing Strong Biotechnologies's Days Payable Distribution in the Medical Diagnostics & Research Industry

For the Medical Diagnostics & Research industry and Healthcare sector, Beijing Strong Biotechnologies's Days Payable distribution charts can be found below:

* The bar in red indicates where Beijing Strong Biotechnologies's Days Payable falls into.

Beijing Strong Biotechnologies 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.

Beijing Strong Biotechnologies'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
=	( (37.654	+	81.708)	/	2 )	/	441.26	*	365
=	59.681					/	441.26	*	365
=	49.37

Beijing Strong Biotechnologies'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
=	( (81.708	+	99.717)	/	2 )	/	91.143	*	365 / 4
=	90.7125					/	91.143	*	365 / 4
=	90.82

Beijing Strong Biotechnologies Days Payable Related Terms

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Beijing Strong Biotechnologies (SZSE:300406) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Beijing Strong Biotechnologies Inc (SZSE:300406) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

No. 15 Hua Yuan Dong Lu, 5th Floor, Kuang Yi Building, Haidian District, Beijing, CHN, 100191

Website

http://www.bsbe.com.cn

Beijing Strong Biotechnologies Inc is a China-based provider of in-vitro (IVD) diagnostics products and service. The company is engaged in the research, development, production, and sale of IVD products. It also provides diversified clinical diagnosis solutions to customers. Its products include clinical biochemistry testing, coagulation testing, blood typing, serology and automated blood grouping analyzer. The firm has established a clinical biochemistry platform of the enzymatic method (including enzymatic cycling method), immunoturbidimetric method, and latex immunoturbidimetric method.

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