CollPlant Biotechnologies (XTAE:CLGN) Days Payable : 101.75 (As of Dec. 2023)

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What is CollPlant Biotechnologies Days Payable?

CollPlant Biotechnologies's average Accounts Payable for the three months ended in Dec. 2023 was ₪3.15 Mil. CollPlant Biotechnologies's Cost of Goods Sold for the three months ended in Dec. 2023 was ₪2.83 Mil. Hence, CollPlant Biotechnologies's Days Payable for the three months ended in Dec. 2023 was 101.75.

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

XTAE:CLGN' s Days Payable Range Over the Past 10 Years
Min: 99.15 Med: 166.75 Max: 8326.56
Current: 165.18

During the past 12 years, CollPlant Biotechnologies's highest Days Payable was 8326.56. The lowest was 99.15. And the median was 166.75.

XTAE:CLGN's Days Payable is ranked better than
52.28% of 723 companies
in the Biotechnology industry
Industry Median: 148.78 vs XTAE:CLGN: 165.18

CollPlant Biotechnologies's Days Payable declined from Dec. 2022 (1,480.30) to Dec. 2023 (101.75). It may suggest that CollPlant Biotechnologies accelerated paying its suppliers.

CollPlant Biotechnologies Days Payable Historical Data

The historical data trend for CollPlant Biotechnologies'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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CollPlant Biotechnologies Days Payable Chart

CollPlant Biotechnologies Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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141.33

99.17

166.75

988.29

193.67

CollPlant Biotechnologies Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															1,480.30	283.30	122.25	247.33	101.75

Competitive Comparison of CollPlant Biotechnologies's Days Payable

For the Biotechnology subindustry, CollPlant Biotechnologies'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.

CollPlant Biotechnologies's Days Payable Distribution in the Biotechnology Industry

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

* The bar in red indicates where CollPlant Biotechnologies's Days Payable falls into.

CollPlant Biotechnologies 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.

CollPlant Biotechnologies'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
=	( (4.145	+	3.585)	/	2 )	/	7.284	*	365
=	3.865					/	7.284	*	365
=	193.67

CollPlant Biotechnologies's Days Payable for the quarter that ended in Dec. 2023 is calculated as:

	Days Payable (Q: Dec. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Sep. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (2.722	+	3.585)	/	2 )	/	2.828	*	365 / 4
=	3.1535					/	2.828	*	365 / 4
=	101.75

CollPlant Biotechnologies Days Payable Related Terms

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CollPlant Biotechnologies (XTAE:CLGN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » CollPlant Biotechnologies Ltd (XTAE:CLGN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CLGN:USA CPT:Germany

Address

4 Oppenheimer Street, P.O. Box 4132, Weizmann Science Park, Rehovot, ISR, 7670104

Website

https://www.collplant.com

CollPlant Biotechnologies Ltd is a regenerative and aesthetic medicine company focused on 3D bioprinting of tissues and organs and medical aesthetics. Its products are based on its rhCollagen (recombinant human collagen) produced with CollPlant's proprietary plant based genetic engineering technology. These products address indications for the diverse fields of tissue repair, aesthetics, and organ manufacturing. The company's revenues include income from business collaborators and sales of the BioInk product for the development of 3D bioprinting of organs and tissues, sales of rhCollagen for the medical aesthetics market, and sales in Europe of the products for tendinopathy and wound healing.