Abiomed (Abiomed) Days Payable : 65.21 (As of Sep. 2022)

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What is Abiomed Days Payable?

Abiomed's average Accounts Payable for the three months ended in Sep. 2022 was $35 Mil. Abiomed's Cost of Goods Sold for the three months ended in Sep. 2022 was $49 Mil. Hence, Abiomed's Days Payable for the three months ended in Sep. 2022 was 65.21.

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

ABMD' s Days Payable Range Over the Past 10 Years
Min: 60.01 Med: 77.94 Max: 84.36
Current: 60.01

During the past 13 years, Abiomed's highest Days Payable was 84.36. The lowest was 60.01. And the median was 77.94.

ABMD's Days Payable is not ranked
in the Medical Devices & Instruments industry.
Industry Median: 72.855 vs ABMD: 60.01

Abiomed's Days Payable increased from Sep. 2021 (59.70) to Sep. 2022 (65.21). It may suggest that Abiomed delayed paying its suppliers.

Abiomed Days Payable Historical Data

The historical data trend for Abiomed'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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Abiomed Days Payable Chart

Abiomed Annual Data

Trend

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Days Payable

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81.80

78.53

78.35

76.22

68.08

Abiomed Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Days Payable	Get a 7-Day Free Trial															59.70	57.18	59.77	60.81	65.21

Competitive Comparison of Abiomed's Days Payable

For the Medical Devices subindustry, Abiomed'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.

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

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

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

Abiomed 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.

Abiomed's Days Payable for the fiscal year that ended in Mar. 2022 is calculated as

	Days Payable (A: Mar. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Mar. 2021 )	+	Accounts Payable (A: Mar. 2022 ))	/	count )	/	Cost of Goods Sold (A: Mar. 2022 )	*	Days in Period
=	( (34.842	+	35.346)	/	2 )	/	188.158	*	365
=	35.094					/	188.158	*	365
=	68.08

Abiomed's Days Payable for the quarter that ended in Sep. 2022 is calculated as:

	Days Payable (Q: Sep. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2022 )	+	Accounts Payable (Q: Sep. 2022 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2022 )	*	Days in Period
=	( (34.797	+	35.07)	/	2 )	/	48.88	*	365 / 4
=	34.9335					/	48.88	*	365 / 4
=	65.21

Abiomed Days Payable Related Terms

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Abiomed (Abiomed) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Abiomed Inc (NAS:ABMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

22 Cherry Hill Drive, Danvers, MA, USA, 01923

Website

https://www.abiomed.com

Abiomed Inc provides temporary mechanical circulatory support devices that are primarily used by interventional cardiologists and heart surgeons. The firm's products are used for patients in need of hemodynamic support before, during, or after angioplasty and heart surgery procedures. Abiomed receives the majority of revenue from its Impella product portfolio, which includes percutaneous micro heart pumps with integration motors and sensors and percutaneous catheter-based axial flow pumps. Abiomed generates the majority of its revenue in the United States.

Executives

Matthew T. Plano	officer: VP, GLOBAL OPERATIONS	C/O ABIOMED, INC., 22 CHERRY HILL DRIVE, DANVERS MA 01923
Martin P Sutter	director	2170 BUCKTHORNE PLACE, SUITE 170, THE WOODLAND TX 77380
David M Weber	officer: Chief Operating Officer	2341 ROMANO CIRCLE, PLEASANTON CA 94566
Todd A Trapp	officer: Vice President, CFO	C/O WATTS WATER TECHNOLOGIES, INC., 815 CHESTNUT STREET, NORTH ANDOVER MA 01845
Michael R Minogue	director, officer: President & CEO	22 CHERRY HILL DR, C/O ABIOMED INC, DANVERS MA 01923
Paul Thomas	director	ONE MILLENNIUM WAY, BRANCHBURG NJ 08876
Paula A Johnson	director	22 CHERRY HILL DRIVE, DANVERS MA 01923
Myron L Rolle	director	1 NASHUA STREET, APARTMENT 1701, BOSTON MA 02114-1625
Dorothy E Puhy	director	DANA FARBER CANCER INSTITUTE, 44 BINNEY STREET, RM. D1632, BOSTON MA 02115
Andrew J Greenfield	officer: VP Healthcare Solutions	14 HILLSIDE DRIVE, GEORGETOWN MA 01833
Marc A Began	officer: VP & General Counsel	C/O ABIOMED, INC., 22 CHERRY HILL DRIVE, DANVERS MA 01923
Michael G Howley	officer: Vice President	22 CHERRY HILL DRIVE, DANVERS MA 01923
William J Bolt	officer: SVP, DA and QA	C/O ABIOMED INC, 22 CHERRY HILL DRIVE, DANVERS MA 01923
Rose Eric A Md	director	161 FORT WASHINGTON AVENUE, 7TH FLOOR, NEW YORK NY 10032
Henri A Termeer	director	ONE KENDALL SQUARE, CAMBRIDGE MA 02139