Globus Medical (FRA:GM0N) Days Payable : 20.56 (As of Jun. 2024)

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What is Globus Medical Days Payable?

Globus Medical's average Accounts Payable for the three months ended in Jun. 2024 was €54 Mil. Globus Medical's Cost of Goods Sold for the three months ended in Jun. 2024 was €242 Mil. Hence, Globus Medical's Days Payable for the three months ended in Jun. 2024 was 20.56.

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

FRA:GM0N' s Days Payable Range Over the Past 10 Years
Min: 23.87 Med: 48.27 Max: 58.31
Current: 23.87

During the past 13 years, Globus Medical's highest Days Payable was 58.31. The lowest was 23.87. And the median was 48.27.

FRA:GM0N's Days Payable is ranked worse than
90.45% of 796 companies
in the Medical Devices & Instruments industry
Industry Median: 70.82 vs FRA:GM0N: 23.87

Globus Medical's Days Payable declined from Jun. 2023 (44.22) to Jun. 2024 (20.56). It may suggest that Globus Medical accelerated paying its suppliers.

Globus Medical Days Payable Historical Data

The historical data trend for Globus 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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Globus Medical Days Payable Chart

Globus Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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50.61

37.90

29.65

39.23

31.24

Globus Medical Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Days Payable	Get a 7-Day Free Trial															44.22	40.52	25.00	20.21	20.56

Competitive Comparison of Globus Medical's Days Payable

For the Medical Devices subindustry, Globus 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.

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

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

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

Globus 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.

Globus Medical'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
=	( (34.079	+	51.967)	/	2 )	/	502.675	*	365
=	43.023					/	502.675	*	365
=	31.24

Globus Medical's Days Payable for the quarter that ended in Jun. 2024 is calculated as:

	Days Payable (Q: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2024 )	+	Accounts Payable (Q: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2024 )	*	Days in Period
=	( (46.448	+	62.394)	/	2 )	/	241.577	*	365 / 4
=	54.421					/	241.577	*	365 / 4
=	20.56

Globus Medical Days Payable Related Terms

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Globus Medical Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Globus Medical Inc (FRA:GM0N) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

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Address

2560 General Armistead Avenue, Audubon, PA, USA, 19403

Website

https://www.globusmedical.com

Globus Medical Inc is a medical device company that develops and provides healthcare products and solutions to hospitals, physicians, and surgical centers. The firm's products are organized into two categories: musculoskeletal solutions, which include medical devices and instruments used mostly for spinal and orthopedic procedures, and enabling technologies, which include advanced computer systems developed for enhancing surgical capabilities. The vast majority of the company's revenue is generated from musculoskeletal solutions products, and more than half of the revenue is earned in the United States.

Globus Medical Headlines

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