Carna Biosciences (TSE:4572) Days Payable : 2.35 (As of Mar. 2024)

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What is Carna Biosciences Days Payable?

Carna Biosciences's average Accounts Payable for the three months ended in Mar. 2024 was 円1 Mil. Carna Biosciences's Cost of Goods Sold for the three months ended in Mar. 2024 was 円47 Mil. Hence, Carna Biosciences's Days Payable for the three months ended in Mar. 2024 was 2.35.

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

TSE:4572' s Days Payable Range Over the Past 10 Years
Min: 2.55 Med: 4.84 Max: 133.39
Current: 3.11

During the past 13 years, Carna Biosciences's highest Days Payable was 133.39. The lowest was 2.55. And the median was 4.84.

TSE:4572's Days Payable is ranked worse than
99.31% of 724 companies
in the Biotechnology industry
Industry Median: 150.695 vs TSE:4572: 3.11

Carna Biosciences's Days Payable declined from Mar. 2023 (3.74) to Mar. 2024 (2.35). It may suggest that Carna Biosciences accelerated paying its suppliers.

Carna Biosciences Days Payable Historical Data

The historical data trend for Carna Biosciences'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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Carna Biosciences Days Payable Chart

Carna Biosciences Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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3.21

4.45

5.14

4.53

3.29

Carna Biosciences 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															3.74	5.44	-	2.12	2.35

Competitive Comparison of Carna Biosciences's Days Payable

For the Biotechnology subindustry, Carna Biosciences'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.

Carna Biosciences's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, Carna Biosciences's Days Payable distribution charts can be found below:

* The bar in red indicates where Carna Biosciences's Days Payable falls into.

Carna Biosciences 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.

Carna Biosciences'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
=	( (1.962	+	1.2)	/	2 )	/	175.294	*	365
=	1.581					/	175.294	*	365
=	3.29

Carna Biosciences'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
=	( (1.2	+	1.2)	/	2 )	/	46.671	*	365 / 4
=	1.2					/	46.671	*	365 / 4
=	2.35

Carna Biosciences Days Payable Related Terms

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Carna Biosciences (TSE:4572) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » Carna Biosciences Inc (TSE:4572) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

BMA 3F 1-5-5 Minatojima-Minamimachi, Kobe, JPN, 650-0047

Website

http://www.carnabio.com

Carna Biosciences, Inc is a Japanese company engaged in drug discovery support business and drug discovery and development business. The company identifies and develops medicines primarily for the treatment of cancer and inflammatory diseases using own innovative kinase drug discovery platform, QuickScout.

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