Polynovo (Polynovo) Days Payable : 603.23 (As of Dec. 2023)

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What is Polynovo Days Payable?

Polynovo's average Accounts Payable for the six months ended in Dec. 2023 was $4.43 Mil. Polynovo's Cost of Goods Sold for the six months ended in Dec. 2023 was $1.34 Mil. Hence, Polynovo's Days Payable for the six months ended in Dec. 2023 was 603.23.

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

CALZF' s Days Payable Range Over the Past 10 Years
Min: 113.53 Med: 212.44 Max: 503.16
Current: 503.16

During the past 13 years, Polynovo's highest Days Payable was 503.16. The lowest was 113.53. And the median was 212.44.

CALZF's Days Payable is ranked better than
92.11% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.685 vs CALZF: 503.16

Polynovo's Days Payable increased from Dec. 2022 (490.38) to Dec. 2023 (603.23). It may suggest that Polynovo delayed paying its suppliers.

Polynovo Days Payable Historical Data

The historical data trend for Polynovo'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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Polynovo Days Payable Chart

Polynovo Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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116.04

235.26

383.57

318.34

193.42

Polynovo Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															677.25	441.37	490.38	307.06	603.23

Competitive Comparison of Polynovo's Days Payable

For the Medical Devices subindustry, Polynovo'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.

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

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

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

Polynovo 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.

Polynovo's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (1.315	+	1.838)	/	2 )	/	2.975	*	365
=	1.5765					/	2.975	*	365
=	193.42

Polynovo'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
=	( (1.838	+	7.027)	/	2 )	/	1.341	*	365 / 2
=	4.4325					/	1.341	*	365 / 2
=	603.23

Polynovo Days Payable Related Terms

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Polynovo (Polynovo) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Polynovo Ltd (OTCPK:CALZF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MFJ:Germany PNV:Australia

Address

320 Lorimer Street, Unit 2, Port Melbourne, VIC, AUS, 3207

Website

https://www.polynovo.com

Polynovo earns most of its revenue from U.S. sales of its NovoSorb Biodegradable Temporizing Matrix, or NovoSorb BTM. The product is a patented biodegradable synthetic scaffold to support the regeneration of the dermis when lost through surgery, trauma, burns, or other causes of tissue loss. Once the product is applied to a wound, it takes a few weeks for the dermal layer to fully integrate within the polymer scaffold before a clinician can delaminate the outer layer. A small wound would then close either naturally or with a dressing, while a larger wound would close through a split-skin graft or alternative product such as Avita's RECELL. NovoSorb BTM then slowly degrades to harmless byproducts which are fully absorbed in roughly 18 months.