Cipher Pharmaceuticals (Cipher Pharmaceuticals) Days Payable : 561.31 (As of Dec. 2023)

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What is Cipher Pharmaceuticals Days Payable?

Cipher Pharmaceuticals's average Accounts Payable for the three months ended in Dec. 2023 was $5.87 Mil. Cipher Pharmaceuticals's Cost of Goods Sold for the three months ended in Dec. 2023 was $0.96 Mil. Hence, Cipher Pharmaceuticals's Days Payable for the three months ended in Dec. 2023 was 561.31.

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

CPHRF' s Days Payable Range Over the Past 10 Years
Min: 394.59 Med: 866.58 Max: 6900.07
Current: 439.93

During the past 13 years, Cipher Pharmaceuticals's highest Days Payable was 6900.07. The lowest was 394.59. And the median was 866.58.

CPHRF's Days Payable is ranked better than
92.84% of 977 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs CPHRF: 439.93

Cipher Pharmaceuticals's Days Payable increased from Dec. 2022 (450.21) to Dec. 2023 (561.31). It may suggest that Cipher Pharmaceuticals delayed paying its suppliers.

Cipher Pharmaceuticals Days Payable Historical Data

The historical data trend for Cipher Pharmaceuticals'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.

* Premium members only.

Cipher Pharmaceuticals Days Payable Chart

Cipher Pharmaceuticals Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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938.88

853.88

613.44

441.71

392.27

Cipher Pharmaceuticals 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															450.21	384.52	371.15	492.46	561.31

Competitive Comparison of Cipher Pharmaceuticals's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Cipher Pharmaceuticals'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.

Cipher Pharmaceuticals's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Cipher Pharmaceuticals's Days Payable distribution charts can be found below:

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

Cipher Pharmaceuticals 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.

Cipher Pharmaceuticals'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
=	( (4.107	+	4.639)	/	2 )	/	4.069	*	365
=	4.373					/	4.069	*	365
=	392.27

Cipher Pharmaceuticals'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
=	( (7.11	+	4.639)	/	2 )	/	0.955	*	365 / 4
=	5.8745					/	0.955	*	365 / 4
=	561.31

Cipher Pharmaceuticals Days Payable Related Terms

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Cipher Pharmaceuticals (Cipher Pharmaceuticals) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Cipher Pharmaceuticals Inc (OTCPK:CPHRF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

PHE:Germany CPH:Canada

Address

5750 Explorer Drive, Suite 404, Mississauga, ON, CAN, L4W 0A9

Website

https://www.cipherpharma.com

Cipher Pharmaceuticals Inc is a specialty pharmaceutical company. Its products include Dermatology Products, Hospital Acute Care Products, specialty medicines, and Out-Licensed Products among others. The company's geographical operational areas include Canada and the United States.