Medistim ASA (OSTO:MEDIO) Days Payable : 82.57 (As of Dec. 2023)

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What is Medistim ASA Days Payable?

Medistim ASA's average Accounts Payable for the three months ended in Dec. 2023 was kr30.9 Mil. Medistim ASA's Cost of Goods Sold for the three months ended in Dec. 2023 was kr34.1 Mil. Hence, Medistim ASA's Days Payable for the three months ended in Dec. 2023 was 82.57.

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

OSTO:MEDIO' s Days Payable Range Over the Past 10 Years
Min: 50.24 Med: 60.31 Max: 95.83
Current: 95.83

During the past 13 years, Medistim ASA's highest Days Payable was 95.83. The lowest was 50.24. And the median was 60.31.

OSTO:MEDIO's Days Payable is ranked better than
62.6% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.685 vs OSTO:MEDIO: 95.83

Medistim ASA's Days Payable increased from Dec. 2022 (55.20) to Dec. 2023 (82.57). It may suggest that Medistim ASA delayed paying its suppliers.

Medistim ASA Days Payable Historical Data

The historical data trend for Medistim ASA'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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Medistim ASA Days Payable Chart

Medistim ASA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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60.95

67.58

50.24

64.57

80.54

Medistim ASA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															55.20	100.12	93.31	133.64	82.57

Competitive Comparison of Medistim ASA's Days Payable

For the Medical Devices subindustry, Medistim ASA'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.

Medistim ASA's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Medistim ASA's Days Payable distribution charts can be found below:

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

Medistim ASA 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.

Medistim ASA'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
=	( (24.47	+	25.083)	/	2 )	/	112.279	*	365
=	24.7765					/	112.279	*	365
=	80.54

Medistim ASA's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (36.683	+	25.083)	/	2 )	/	34.13	*	365 / 4
=	30.883					/	34.13	*	365 / 4
=	82.57

Medistim ASA Days Payable Related Terms

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Medistim ASA (OSTO:MEDIO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Medistim ASA (OSTO:MEDIO) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MEDI:Norway MD1:Germany

Address

Okernveien 94, Oslo, NOR, 0579

Website

https://www.medistim.com

Medistim ASA is a medical device company. It is engaged in researching, developing, producing, distributing and sales of medical equipment through its own business or through participation in other companies, as well related activities. The company's business is focused on cardiac and vascular surgery. The group operates in the USA, Europe, Asia and the Rest of the World. The firm's activity is split into three strategic operating units, Lease of equipment; Lease of equipment and Distribution and sales of third-party products.

Medistim ASA (OSTO:MEDIO) Headlines

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