Listed pharmas taking 101 days to turn over receivables after selling medicines

Published: 2018-03-22 16:28:26

Updated: 2018-03-22 16:28:26

Listed pharmaceutical companies reportedly took about 101 days on average to return money they spent from selling medicinal drugs.

Yakup Shinmoon(www.yakup.com) analyzed the KOSPI and KOSDAQ listed pharmaceutical companies’ number of days to turnover receivables, and the analysis result showed they took about 101 days. The number was decreased by about 3 days from 104 days in 2015. <holding an...

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