Listed pharmas take 109 days on average to collect trade receivables after selling drugs

Published: 2017-03-21 15:11:19

Updated: 2017-03-21 15:11:19

It took 109 days on average for listed pharmaceutical companies to collect payments after selling pharmaceutical products.

According to the Yakup Shinmoon’s(www.yakup.com) analysis result of KOSPI and KOSDAQ listed pharmaceutical companies’ cycle period to collect trade receivables, the average cycle was 109 days in 2016. <excluding holding and biotechnology companies.

The cycle period for tr...

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