Initiator Pharma A/S (OSTO:INIT) Days Payable : 12.50 (As of Mar. 2024)

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What is Initiator Pharma A/S Days Payable?

Initiator Pharma A/S's average Accounts Payable for the three months ended in Mar. 2024 was kr0.60 Mil. Initiator Pharma A/S's Cost of Goods Sold for the three months ended in Mar. 2024 was kr4.40 Mil. Hence, Initiator Pharma A/S's Days Payable for the three months ended in Mar. 2024 was 12.50.

The historical rank and industry rank for Initiator Pharma A/S's Days Payable or its related term are showing as below:

OSTO:INIT' s Days Payable Range Over the Past 10 Years
Min: 9.32 Med: 30.01 Max: 63.19
Current: 23.14

During the past 8 years, Initiator Pharma A/S's highest Days Payable was 63.19. The lowest was 9.32. And the median was 30.01.

OSTO:INIT's Days Payable is ranked worse than
88.49% of 721 companies
in the Biotechnology industry
Industry Median: 148.28 vs OSTO:INIT: 23.14

Initiator Pharma A/S's Days Payable declined from Mar. 2023 (15.41) to Mar. 2024 (12.50). It may suggest that Initiator Pharma A/S accelerated paying its suppliers.

Initiator Pharma A/S Days Payable Historical Data

The historical data trend for Initiator Pharma A/S'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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Initiator Pharma A/S Days Payable Chart

Initiator Pharma A/S Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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30.01

36.05

46.07

25.11

9.32

Initiator Pharma A/S Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															15.41	25.29	31.28	14.72	12.50

Competitive Comparison of Initiator Pharma A/S's Days Payable

For the Biotechnology subindustry, Initiator Pharma A/S'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.

Initiator Pharma A/S's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Initiator Pharma A/S's Days Payable distribution charts can be found below:

* The bar in red indicates where Initiator Pharma A/S's Days Payable falls into.

Initiator Pharma A/S 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.

Initiator Pharma A/S'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
=	( (1.184	+	0.611)	/	2 )	/	35.138	*	365
=	0.8975					/	35.138	*	365
=	9.32

Initiator Pharma A/S'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
=	( (0.611	+	0.595)	/	2 )	/	4.403	*	365 / 4
=	0.603					/	4.403	*	365 / 4
=	12.50

Initiator Pharma A/S Days Payable Related Terms

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Initiator Pharma A/S (OSTO:INIT) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Initiator Pharma A/S (OSTO:INIT) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Co/ COBIS, Ole Maaloesvej 3, Copenhagen, DNK, 2200

Website

https://www.initiatorpharma.com

Initiator Pharma A/S is a clinical Stage Life Science company engaged in the research and development of various drugs targeting medical needs within the central and peripheral nervous system. The company's principal drug candidate is the IPED2015, a type of monoamine reuptake inhibitor (MRI) that has completed preclinical development for the treatment of erectile dysfunction in men. Its MRI drug candidates also include IPDP2015 for the treatment of depression; and IPNP2015 to treat neuropathic pain.

Initiator Pharma A/S (OSTO:INIT) Headlines

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