Scandinavian Medical Solutions AS (OCSE:SMSMED) Days Payable : 56.68 (As of Sep. 2023)

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What is Scandinavian Medical Solutions AS Days Payable?

Scandinavian Medical Solutions AS's average Accounts Payable for the six months ended in Sep. 2023 was kr25.2 Mil. Scandinavian Medical Solutions AS's Cost of Goods Sold for the six months ended in Sep. 2023 was kr81.2 Mil. Hence, Scandinavian Medical Solutions AS's Days Payable for the six months ended in Sep. 2023 was 56.68.

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

OCSE:SMSMED' s Days Payable Range Over the Past 10 Years
Min: 48.04 Med: 68.87 Max: 72.72
Current: 58.96

During the past 5 years, Scandinavian Medical Solutions AS's highest Days Payable was 72.72. The lowest was 48.04. And the median was 68.87.

OCSE:SMSMED's Days Payable is ranked worse than
59.85% of 787 companies
in the Medical Devices & Instruments industry
Industry Median: 72.72 vs OCSE:SMSMED: 58.96

Scandinavian Medical Solutions AS's Days Payable declined from Sep. 2022 (75.71) to Sep. 2023 (56.68). It may suggest that Scandinavian Medical Solutions AS accelerated paying its suppliers.

Scandinavian Medical Solutions AS Days Payable Historical Data

The historical data trend for Scandinavian Medical Solutions AS'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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Scandinavian Medical Solutions AS Days Payable Chart

Scandinavian Medical Solutions AS Annual Data

Trend

Sep19

Sep20

Sep21

Sep22

Sep23

Days Payable

72.72

69.25

48.04

67.93

68.87

Scandinavian Medical Solutions AS Semi-Annual Data
	Sep19	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Days Payable	Get a 7-Day Free Trial			53.98	41.34	75.71	51.12	56.68

Competitive Comparison of Scandinavian Medical Solutions AS's Days Payable

For the Medical Devices subindustry, Scandinavian Medical Solutions AS'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.

Scandinavian Medical Solutions AS's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Scandinavian Medical Solutions AS's Days Payable falls into.

Scandinavian Medical Solutions AS 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.

Scandinavian Medical Solutions AS'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
=	( (25.36	+	33.682)	/	2 )	/	156.463	*	365
=	29.521					/	156.463	*	365
=	68.87

Scandinavian Medical Solutions AS's Days Payable for the quarter that ended in Sep. 2023 is calculated as:

	Days Payable (Q: Sep. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Mar. 2023 )	+	Accounts Payable (Q: Sep. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2023 )	*	Days in Period
=	( (16.779	+	33.682)	/	2 )	/	81.236	*	365 / 2
=	25.2305					/	81.236	*	365 / 2
=	56.68

Scandinavian Medical Solutions AS Days Payable Related Terms

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Scandinavian Medical Solutions AS (OCSE:SMSMED) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Scandinavian Medical Solutions AS (OCSE:SMSMED) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

K41:Germany

Address

Gasvaerksvej 46. 1.Sal, Aalborg, DNK, DK-9000

Website

https://www.scandinavian-medical.com

Scandinavian Medical Solutions AS is engaged in offering pre-owned medical imaging equipment and innovative healthcare solutions. The product portfolio of Cath Lab, X-Ray, MRI, Mammography, Ultrasound, and Mobile X-Ray among others.

Scandinavian Medical Solutions AS (OCSE:SMSMED) Headlines

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