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Carl Zeiss Meditec AG (Carl Zeiss Meditec AG) Days Payable : 96.24 (As of Dec. 2023)


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What is Carl Zeiss Meditec AG Days Payable?

Carl Zeiss Meditec AG's average Accounts Payable for the three months ended in Dec. 2023 was $256 Mil. Carl Zeiss Meditec AG's Cost of Goods Sold for the three months ended in Dec. 2023 was $243 Mil. Hence, Carl Zeiss Meditec AG's Days Payable for the three months ended in Dec. 2023 was 96.24.

The historical rank and industry rank for Carl Zeiss Meditec AG's Days Payable or its related term are showing as below:

CZMWF' s Days Payable Range Over the Past 10 Years
Min: 42.4   Med: 63.94   Max: 88.61
Current: 84.66

During the past 13 years, Carl Zeiss Meditec AG's highest Days Payable was 88.61. The lowest was 42.40. And the median was 63.94.

CZMWF's Days Payable is ranked better than
57.12% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.685 vs CZMWF: 84.66

Carl Zeiss Meditec AG's Days Payable increased from Dec. 2022 (75.79) to Dec. 2023 (96.24). It may suggest that Carl Zeiss Meditec AG delayed paying its suppliers.

Carl Zeiss Meditec AG Days Payable Historical Data

The historical data trend for Carl Zeiss Meditec AG'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.

* Premium members only.

Carl Zeiss Meditec AG Days Payable Chart

Carl Zeiss Meditec AG Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 65.62 62.53 63.71 85.23 85.78

Carl Zeiss Meditec AG 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 75.79 82.82 79.19 91.39 96.24

Competitive Comparison of Carl Zeiss Meditec AG's Days Payable

For the Medical Instruments & Supplies subindustry, Carl Zeiss Meditec AG'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.

Carl Zeiss Meditec AG's Days Payable Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Carl Zeiss Meditec AG's Days Payable distribution charts can be found below:

* The bar in red indicates where Carl Zeiss Meditec AG's Days Payable falls into.


Carl Zeiss Meditec AG 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.

Carl Zeiss Meditec AG's Days Payable for the fiscal year that ended in Sep. 2023 is calculated as

Days Payable (A: Sep. 2023 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Sep. 2022 ) + Accounts Payable (A: Sep. 2023 )) / count ) / Cost of Goods Sold (A: Sep. 2023 )*Days in Period
=( (187.312 + 255.915) / 2 ) / 942.94*365
=221.6135 / 942.94*365
=85.78

Carl Zeiss Meditec AG'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
=( (255.915 + 0) / 1 ) / 242.639*365 / 4
=255.915 / 242.639*365 / 4
=96.24

* 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.

Carl Zeiss Meditec AG Days Payable Related Terms

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Carl Zeiss Meditec AG (Carl Zeiss Meditec AG) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Carl Zeiss Meditec AG (OTCPK:CZMWF) » Definitions » Days Payable
Comparable Companies
XTER:1SXP XTER:FIE XTER:GXI FRA:PHH2 ISRG XPAR:EL BDX TSE:7741 XSWX:ALC RMD OCSE:COLO B WST TSE:4543 XSWX:STMN XPAR:DIM BAX HOLX COO TSE:7733 TSE:6869
Traded in Other Exchanges
CZMWY:USA 1AFX:Italy AFXd:UK 0DHC:UK AFX:Germany AFX:Austria
Address
Goschwitzer Strasse 51-52, Jena, TH, DEU, 07745
Website
https://www.zeiss.com
Carl Zeiss Meditec is one of the largest medical technology companies in the world and it operates in two segments: Ophthalmic devices and Microsurgery. OPT, which made up 75% of sales in 2022, includes refractive lasers, surgical ophthalmic devices, equipment for ophthalmic diagnostics, as well as a portfolio of intraocular lenses and disposable medical instruments. With a low-teens share of the market, Zeiss is the second-largest player in the space. MCS is composed of implants, surgical instruments, and visualization devices used during neurosurgery, spine surgery, and otolaryngology surgery. With over 60% market share, Zeiss is the clear leader in the microsurgery space.