Medlab Clinical (ASX:MDC) Days Payable : 0.00 (As of Dec. 2023)

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What is Medlab Clinical Days Payable?

Medlab Clinical's average Accounts Payable for the six months ended in Dec. 2023 was A$1.15 Mil. Medlab Clinical's Cost of Goods Sold for the six months ended in Dec. 2023 was A$0.00 Mil.

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

ASX:MDC' s Days Payable Range Over the Past 10 Years
Min: 121.67 Med: 220.89 Max: 9352.85
Current: 9352.85

During the past 8 years, Medlab Clinical's highest Days Payable was 9352.85. The lowest was 121.67. And the median was 220.89.

ASX:MDC's Days Payable is not ranked
in the Biotechnology industry.
Industry Median: 149.7 vs ASX:MDC: 9352.85

Medlab Clinical's Days Payable declined from Dec. 2022 (6,424.00) to Dec. 2023 (0.00). It may suggest that Medlab Clinical accelerated paying its suppliers.

Medlab Clinical Days Payable Historical Data

The historical data trend for Medlab Clinical'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.

Medlab Clinical Days Payable Chart

Medlab Clinical Annual Data

Trend

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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210.85

284.55

204.92

1,090.65

3,544.56

Medlab Clinical Semi-Annual Data
	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial												2,567.37	993.70	6,424.00	5,226.14	-

Competitive Comparison of Medlab Clinical's Days Payable

For the Biotechnology subindustry, Medlab Clinical'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.

Medlab Clinical's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Medlab Clinical's Days Payable distribution charts can be found below:

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

Medlab Clinical 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.

Medlab Clinical's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (0.531	+	1.217)	/	2 )	/	0.09	*	365
=	0.874					/	0.09	*	365
=	3,544.56

Medlab Clinical'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (1.217	+	1.078)	/	2 )	/	0	*	365 / 2
=	1.1475					/	0	*	365 / 2
=	N/A

Medlab Clinical Days Payable Related Terms

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Medlab Clinical (ASX:MDC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Medlab Clinical Ltd (ASX:MDC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

11 Lord Street, Unit 5, Botany, NSW, AUS, 2019

Website

https://www.medlab.co

Medlab Clinical Ltd is a medical research and development company. It is engaged in researching and formulating novel biotherapeutics to improve health outcomes in early to moderate stage chronic diseases such as chronic kidney disease, pre-diabetes, and obesity. Some of the company's nutraceutical products are Multibiotic, Mg Optima Relax, NRGBiotic, NanoCelle D3, SB 5B and others. The principal segments of the group are Nutraceutical which includes the sale of nutraceutical products; and Pharmaceutical research. It generates the majority of the revenue from the sale of nutraceutical products. The business operations of the firm are carried out from Australia.