Oventus Medical (ASX:OVN) Days Payable : 633.91 (As of Dec. 2021)

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What is Oventus Medical Days Payable?

Oventus Medical's average Accounts Payable for the six months ended in Dec. 2021 was A$0.92 Mil. Oventus Medical's Cost of Goods Sold for the six months ended in Dec. 2021 was A$0.26 Mil. Hence, Oventus Medical's Days Payable for the six months ended in Dec. 2021 was 633.91.

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

ASX:OVN's Days Payable is not ranked ^*
in the Medical Devices & Instruments industry.
Industry Median: 72.67
* Ranked among companies with meaningful Days Payable only.

Oventus Medical's Days Payable declined from Dec. 2020 (696.93) to Dec. 2021 (633.91). It may suggest that Oventus Medical accelerated paying its suppliers.

Oventus Medical Days Payable Historical Data

The historical data trend for Oventus Medical'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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Oventus Medical Days Payable Chart

Oventus Medical Annual Data

Trend

Jun17

Jun18

Jun19

Jun20

Jun21

Days Payable

982.81

317.52

Oventus Medical Semi-Annual Data
	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21
Days Payable	Get a 7-Day Free Trial						1,457.29	979.18	696.93	572.54	633.91

Competitive Comparison of Oventus Medical's Days Payable

For the Medical Devices subindustry, Oventus Medical'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.

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

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

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

Oventus Medical 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.

Oventus Medical's Days Payable for the fiscal year that ended in Jun. 2021 is calculated as

	Days Payable (A: Jun. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2020 )	+	Accounts Payable (A: Jun. 2021 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2021 )	*	Days in Period
=	( (0.513	+	0.684)	/	2 )	/	0.688	*	365
=	0.5985					/	0.688	*	365
=	317.52

Oventus Medical's Days Payable for the quarter that ended in Dec. 2021 is calculated as:

	Days Payable (Q: Dec. 2021 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2021 )	+	Accounts Payable (Q: Dec. 2021 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2021 )	*	Days in Period
=	( (0.684	+	1.15)	/	2 )	/	0.264	*	365 / 2
=	0.917					/	0.264	*	365 / 2
=	633.91

Oventus Medical Days Payable Related Terms

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Oventus Medical (ASX:OVN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Oventus Medical Ltd (ASX:OVN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

1 Swann Road, Suite 1, PO Box 190, Indooroopilly, Brisbane, QLD, AUS, 4068

Website

https://www.o2vent.com

Oventus Medical Ltd is a medical device company. It is engaged in developing an oral appliance for the treatment of sleep apnoea and snoring. Its product includes O2Vent Optima . It offers oral appliance therapy, especially beneficial for the many people that suffer from nasal congestion, obstruction, and mouth breathing. The firm has two operating segments: Australia and North America.

Oventus Medical (ASX:OVN) Headlines

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