It takes 87 days to collect receivables for multinational pharmas

Published: 2017-04-26 13:20:23

Updated: 2017-04-26 13:20:23

Multinational pharmaceutical companies were observed to take average 87 days to collect receivables after selling their pharmaceutical products. The length was 20 days shorter than 109 days that it takes on Korean listed pharmaceutical companies.

According to the Yakup Shinmoon’s(www.yakup.com) analysis result of receivable turnover days for the total 31 companies, such as Korean Research-bas...

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