Anika Therapeutics (STU:AKP) Days Payable : 56.98 (As of Mar. 2024)

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What is Anika Therapeutics Days Payable?

Anika Therapeutics's average Accounts Payable for the three months ended in Mar. 2024 was €9.1 Mil. Anika Therapeutics's Cost of Goods Sold for the three months ended in Mar. 2024 was €14.6 Mil. Hence, Anika Therapeutics's Days Payable for the three months ended in Mar. 2024 was 56.98.

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

STU:AKP' s Days Payable Range Over the Past 10 Years
Min: 34.83 Med: 51.51 Max: 82.38
Current: 51.05

During the past 13 years, Anika Therapeutics's highest Days Payable was 82.38. The lowest was 34.83. And the median was 51.51.

STU:AKP's Days Payable is ranked worse than
66.92% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.905 vs STU:AKP: 51.05

Anika Therapeutics's Days Payable increased from Mar. 2023 (54.81) to Mar. 2024 (56.98). It may suggest that Anika Therapeutics delayed paying its suppliers.

Anika Therapeutics Days Payable Historical Data

The historical data trend for Anika Therapeutics'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.

Anika Therapeutics Days Payable Chart

Anika Therapeutics Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.82

39.15

44.96

47.27

55.12

Anika Therapeutics 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															54.81	50.59	44.40	50.15	56.98

Competitive Comparison of Anika Therapeutics's Days Payable

For the Medical Instruments & Supplies subindustry, Anika Therapeutics'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.

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

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

* The bar in red indicates where Anika Therapeutics's Days Payable falls into.

Anika Therapeutics 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.

Anika Therapeutics'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
=	( (8.566	+	9.042)	/	2 )	/	58.297	*	365
=	8.804					/	58.297	*	365
=	55.12

Anika Therapeutics'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
=	( (9.042	+	9.22)	/	2 )	/	14.623	*	365 / 4
=	9.131					/	14.623	*	365 / 4
=	56.98

Anika Therapeutics Days Payable Related Terms

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Anika Therapeutics (STU:AKP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Anika Therapeutics Inc (STU:AKP) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

ANIK:USA AKP:Germany

Address

32 Wiggins Avenue, Bedford, MA, USA, 01730

Website

https://www.anika.com

Anika Therapeutics Inc is an orthopedic medicines company. It is committed to improving the lives of patients with degenerative orthopedic diseases and traumatic conditions with clinically meaningful therapies. The company focuses on orthopedics, including osteoarthritis pain management, regenerative solutions, soft tissue repair, and bone preserving joint technologies. Geographically, it derives a majority of its revenue from the United States.