Nanosphere (Nanosphere) Days Payable : 51.27 (As of Mar. 2016)

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What is Nanosphere Days Payable?

Nanosphere's average Accounts Payable for the three months ended in Mar. 2016 was $1.99 Mil. Nanosphere's Cost of Goods Sold for the three months ended in Mar. 2016 was $3.54 Mil. Hence, Nanosphere's Days Payable for the three months ended in Mar. 2016 was 51.27.

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

NSPH's Days Payable is not ranked ^*
in the Medical Diagnostics & Research industry.
Industry Median: 68.79
* Ranked among companies with meaningful Days Payable only.

Nanosphere's Days Payable declined from Mar. 2015 (81.10) to Mar. 2016 (51.27). It may suggest that Nanosphere accelerated paying its suppliers.

Nanosphere Days Payable Historical Data

The historical data trend for Nanosphere'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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Nanosphere Days Payable Chart

Nanosphere Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Days Payable

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516.01

218.53

125.23

81.30

53.13

Nanosphere Quarterly Data
	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16
Days Payable	Get a 7-Day Free Trial															81.10	114.50	67.02	53.36	51.27

Competitive Comparison of Nanosphere's Days Payable

For the Diagnostics & Research subindustry, Nanosphere'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.

Nanosphere's Days Payable Distribution in the Medical Diagnostics & Research Industry

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

* The bar in red indicates where Nanosphere's Days Payable falls into.

Nanosphere 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.

Nanosphere's Days Payable for the fiscal year that ended in Dec. 2015 is calculated as

	Days Payable (A: Dec. 2015 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2014 )	+	Accounts Payable (A: Dec. 2015 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2015 )	*	Days in Period
=	( (1.827	+	1.769)	/	2 )	/	12.351	*	365
=	1.798					/	12.351	*	365
=	53.13

Nanosphere's Days Payable for the quarter that ended in Mar. 2016 is calculated as:

	Days Payable (Q: Mar. 2016 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2015 )	+	Accounts Payable (Q: Mar. 2016 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2016 )	*	Days in Period
=	( (1.769	+	2.209)	/	2 )	/	3.54	*	365 / 4
=	1.989					/	3.54	*	365 / 4
=	51.27

Nanosphere Days Payable Related Terms

Thank you for viewing the detailed overview of Nanosphere's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Nanosphere (Nanosphere) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Nanosphere Inc (NAS:NSPH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.nanosphere.us

Nanosphere, Inc., was incorporated in 1999 in Delaware. The Company develops, manufactures and markets an advanced molecular diagnostics platform, the Verigene System, that enables sensitive genomic and protein testing on a single platform. The Verigene System includes a bench-top molecular diagnostics workstation that is an advanced platform for genomic and protein testing. The Verigene System includes a bench-top molecular diagnostics workstation that is a universal platform for genomic and protein testing. The Verigene System provides lower cost for laboratories already performing molecular diagnostic testing and enables smaller laboratories and hospitals without advanced diagnostic capabilities to perform genetic testing.

Executives

Michael James Ward	director	440 W. ONTARIO ST., CHICAGO IL 60654
Lorin Randall	director	C/O ACORDA THERAPEUTICS, INC., 420 SAW MILL RIVER ROAD, ARDSLEY NY 10502
R. Erik Holmlin	director	4088 COMMERCIAL AVE., NORTHBROOK IL 60062
Gene S Cartwright	director	4088 COMMERCIAL AVE, NORTHBROOK IL 60062
Mmcap International Inc. Spc	10 percent owner	C/O MOURANT GOVERNANCE SVCS (CAYMAN) LTD, 94 SOLARIS AVE., CAMANA BAY, PO BOX 1348, GRAND CAYMAN E9 KY1-1108
Ann Wallin	officer: Interim CFO	4088 COMMERCIAL AVENUE, NORTHBROOK IL 60062
Bruin Andre De	director
Sheli Z Rosenberg	director	C/O EQUITY GROUP INVESTMENTS, L.L.C., TWO NORTH RIVERSIDE PLAZA, SUITE 600, CHICAGO IL 60606
Chad A. Mirkin	director	4088 COMMERCIAL AVENUE, NORTHBROOK IL 60062
Brookside Capital Management Llc	10 percent owner	C/O BAIN CAPITAL PUBLIC EQUITY, LP, 200 CLARENDON STREET, BOSTON MA 02116
Brookside Capital Partners Fund Lp	10 percent owner	C/O BAIN CAPITAL PUBLIC EQUITY, LP, 200 CLARENDON STREET, BOSTON MA 02116
Brookside Capital Investors L P	10 percent owner	C/O BAIN CAPITAL PUBLIC EQUITY, LP, 200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Venture Fund 2005, L.p.	10 percent owner	C/O BAIN CAPITAL, LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Venture Partners 2005, L.p.	10 percent owner	C/O BAIN CAPITAL, LLC, JOHN HANCOCK TOWER, 200 CLARENDON STREET, BOSTON MA 02116
Bain Capital Venture Investors, Llc	10 percent owner	200 CLARENDON STREET, BOSTON MA 02116

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