Acarix AB (OSTO:ACARIX) Days Payable : 2,035.73 (As of Mar. 2024)

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What is Acarix AB Days Payable?

Acarix AB's average Accounts Payable for the three months ended in Mar. 2024 was kr3.10 Mil. Acarix AB's Cost of Goods Sold for the three months ended in Mar. 2024 was kr0.14 Mil. Hence, Acarix AB's Days Payable for the three months ended in Mar. 2024 was 2,035.73.

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

OSTO:ACARIX' s Days Payable Range Over the Past 10 Years
Min: 40.09 Med: 1830.56 Max: 4826.6
Current: 1653.79

During the past 10 years, Acarix AB's highest Days Payable was 4826.60. The lowest was 40.09. And the median was 1830.56.

OSTO:ACARIX's Days Payable is ranked better than
96.58% of 789 companies
in the Medical Devices & Instruments industry
Industry Median: 72.79 vs OSTO:ACARIX: 1653.79

Acarix AB's Days Payable increased from Dec. 2022 (897.15) to Mar. 2024 (2,035.73). It may suggest that Acarix AB delayed paying its suppliers.

Acarix AB Days Payable Historical Data

The historical data trend for Acarix AB'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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Acarix AB Days Payable Chart

Acarix AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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1,830.56

1,086.45

1,725.28

1,969.51

2,000.53

Acarix AB Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															897.15	1,133.59	658.56	2,432.50	2,035.73

Competitive Comparison of Acarix AB's Days Payable

For the Medical Devices subindustry, Acarix AB'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.

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

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

* The bar in red indicates where Acarix AB's Days Payable falls into.

Acarix AB 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.

Acarix AB'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
=	( (5.751	+	4.586)	/	2 )	/	0.943	*	365
=	5.1685					/	0.943	*	365
=	2,000.53

Acarix AB's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (4.586	+	1.616)	/	2 )	/	0.139	*	365 / 4
=	3.101					/	0.139	*	365 / 4
=	2,035.73

Acarix AB Days Payable Related Terms

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Acarix AB (OSTO:ACARIX) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Acarix AB (OSTO:ACARIX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ACIXF:USA 7AC:Germany

Address

World Trade Center Malmo, Jungmansgatan 12, Malmo, SWE, 211 19

Website

https://www.acarix.com

Acarix AB is a Swedish medical technology company that develops innovative solutions for rapid AI-based exclusion of coronary artery disease (CAD). The CE-marked CADScor System, which has also received DeNovo approval from the FDA, is intended for patients experiencing chest pain with suspected coronary artery disease and is designed to help reduce millions of cases of unnecessary, invasive, and costly diagnostics. The CADScor System uses advanced acoustics and AI technology to non-invasively rule out CAD in less than 10 minutes, with at least 96% certainty.

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