ICARES Medicus (ROCO:6612) Days Payable : 22.12 (As of Mar. 2024)

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What is ICARES Medicus Days Payable?

ICARES Medicus's average Accounts Payable for the three months ended in Mar. 2024 was NT$7.2 Mil. ICARES Medicus's Cost of Goods Sold for the three months ended in Mar. 2024 was NT$29.7 Mil. Hence, ICARES Medicus's Days Payable for the three months ended in Mar. 2024 was 22.12.

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

ROCO:6612' s Days Payable Range Over the Past 10 Years
Min: 8.95 Med: 20.12 Max: 67.98
Current: 28.92

During the past 11 years, ICARES Medicus's highest Days Payable was 67.98. The lowest was 8.95. And the median was 20.12.

ROCO:6612's Days Payable is ranked worse than
86.64% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs ROCO:6612: 28.92

ICARES Medicus's Days Payable declined from Mar. 2023 (32.73) to Mar. 2024 (22.12). It may suggest that ICARES Medicus accelerated paying its suppliers.

ICARES Medicus Days Payable Historical Data

The historical data trend for ICARES Medicus'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.

* Premium members only.

ICARES Medicus Days Payable Chart

ICARES Medicus Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

Get a 7-Day Free Trial

18.24

20.63

17.33

21.85

19.61

ICARES Medicus 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															32.73	41.66	32.86	17.68	22.12

Competitive Comparison of ICARES Medicus's Days Payable

For the Medical Instruments & Supplies subindustry, ICARES Medicus'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.

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

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

* The bar in red indicates where ICARES Medicus's Days Payable falls into.

ICARES Medicus 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.

ICARES Medicus'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
=	( (7.49	+	5.734)	/	2 )	/	123.05	*	365
=	6.612					/	123.05	*	365
=	19.61

ICARES Medicus'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
=	( (5.734	+	8.649)	/	2 )	/	29.663	*	365 / 4
=	7.1915					/	29.663	*	365 / 4
=	22.12

ICARES Medicus Days Payable Related Terms

Thank you for viewing the detailed overview of ICARES Medicus's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

ICARES Medicus (ROCO:6612) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ICARES Medicus Inc (ROCO:6612) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Number 16, Sec.2, Sheng Yi Road, 4th Floor, Hsinchu County, Zhubei, TWN, 30261

Website

https://www.icaresmedicus.com

ICARES Medicus Inc is engaged in providing high-grade nanomedical lubricious coatings and various surface treatments for implantable or interventional medical devices and designing, development, manufacturing and sale of intraocular lenses and nanomedical devices. Its products include Artificial Lens.

ICARES Medicus (ROCO:6612) Headlines

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