Erech Finance Cahalacha (XTAE:EFNC) Days Payable : 18.46 (As of Dec. 2023)

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What is Erech Finance Cahalacha Days Payable?

Erech Finance Cahalacha's average Accounts Payable for the six months ended in Dec. 2023 was ₪0.10 Mil. Erech Finance Cahalacha's Cost of Goods Sold for the six months ended in Dec. 2023 was ₪0.94 Mil. Hence, Erech Finance Cahalacha's Days Payable for the six months ended in Dec. 2023 was 18.46.

The historical rank and industry rank for Erech Finance Cahalacha's Days Payable or its related term are showing as below:

XTAE:EFNC' s Days Payable Range Over the Past 10 Years
Min: 0.48 Med: 13.48 Max: 147.52
Current: 17.39

During the past 11 years, Erech Finance Cahalacha's highest Days Payable was 147.52. The lowest was 0.48. And the median was 13.48.

XTAE:EFNC's Days Payable is ranked worse than
94.53% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.355 vs XTAE:EFNC: 17.39

Erech Finance Cahalacha's Days Payable declined from Dec. 2022 (30.79) to Dec. 2023 (18.46). It may suggest that Erech Finance Cahalacha accelerated paying its suppliers.

Erech Finance Cahalacha Days Payable Historical Data

The historical data trend for Erech Finance Cahalacha'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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Erech Finance Cahalacha Days Payable Chart

Erech Finance Cahalacha Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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119.58

54.47

16.46

10.49

17.39

Erech Finance Cahalacha Semi-Annual Data
	Dec13	Dec14	Dec15	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial													65.54	29.25	30.79	16.55	18.46

Competitive Comparison of Erech Finance Cahalacha's Days Payable

For the Medical Devices subindustry, Erech Finance Cahalacha'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.

Erech Finance Cahalacha's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Erech Finance Cahalacha's Days Payable falls into.

Erech Finance Cahalacha 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.

Erech Finance Cahalacha'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
=	( (0.109	+	0.095)	/	2 )	/	2.141	*	365
=	0.102					/	2.141	*	365
=	17.39

Erech Finance Cahalacha'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (0	+	0.095)	/	1 )	/	0.939	*	365 / 2
=	0.095					/	0.939	*	365 / 2
=	18.46

Erech Finance Cahalacha Days Payable Related Terms

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Erech Finance Cahalacha (XTAE:EFNC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Erech Finance Cahalacha Ltd (XTAE:EFNC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Yakov Eliav 5, Downtown, Jerusalem, ISR

Website

http://www.insuline-medical.com

Erech Finance Cahalacha Ltd, formerly Insuline Medical Ltd is a medical device company. It develops & markets technologies to the clinical effectiveness of devices & drugs for the treatment of diabetes. Its products include the InsuPatch device for insulin pump users, & the InsuPad device for injection users. The InsuPad is a company's flagship product.

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