JMI Syringes & Medical Devices (DHA:JMISMDL) Days Payable : 30.83 (As of Dec. 2023)

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What is JMI Syringes & Medical Devices Days Payable?

JMI Syringes & Medical Devices's average Accounts Payable for the three months ended in Dec. 2023 was BDT136 Mil. JMI Syringes & Medical Devices's Cost of Goods Sold for the three months ended in Dec. 2023 was BDT402 Mil. Hence, JMI Syringes & Medical Devices's Days Payable for the three months ended in Dec. 2023 was 30.83.

The historical rank and industry rank for JMI Syringes & Medical Devices's Days Payable or its related term are showing as below:

DHA:JMISMDL' s Days Payable Range Over the Past 10 Years
Min: 16.15 Med: 33.72 Max: 64.35
Current: 39.36

During the past 13 years, JMI Syringes & Medical Devices's highest Days Payable was 64.35. The lowest was 16.15. And the median was 33.72.

DHA:JMISMDL's Days Payable is ranked worse than
76.84% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs DHA:JMISMDL: 39.36

JMI Syringes & Medical Devices's Days Payable increased from Dec. 2022 (27.13) to Dec. 2023 (30.83). It may suggest that JMI Syringes & Medical Devices delayed paying its suppliers.

JMI Syringes & Medical Devices Days Payable Historical Data

The historical data trend for JMI Syringes & Medical Devices'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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JMI Syringes & Medical Devices Days Payable Chart

JMI Syringes & Medical Devices Annual Data

Trend

Dec14

Dec15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

34.61

41.71

28.79

16.15

26.08

JMI Syringes & Medical Devices 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															27.13	54.91	52.23	32.36	30.83

Competitive Comparison of JMI Syringes & Medical Devices's Days Payable

For the Medical Instruments & Supplies subindustry, JMI Syringes & Medical Devices'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.

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

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

* The bar in red indicates where JMI Syringes & Medical Devices's Days Payable falls into.

JMI Syringes & Medical Devices 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.

JMI Syringes & Medical Devices'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
=	( (119.06	+	99.992)	/	2 )	/	1533.043	*	365
=	109.526					/	1533.043	*	365
=	26.08

JMI Syringes & Medical Devices'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
=	( (174.411	+	97.452)	/	2 )	/	402.34	*	365 / 4
=	135.9315					/	402.34	*	365 / 4
=	30.83

JMI Syringes & Medical Devices Days Payable Related Terms

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JMI Syringes & Medical Devices (DHA:JMISMDL) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » JMI Syringes & Medical Devices Ltd (DHA:JMISMDL) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

117, Kazi Nazrul Islam Avenue, Unique Heights, Level-11, Ramna, Dhaka, BGD, 1217

Website

https://www.jmisyringe.com

JMI Syringes & Medical Devices Ltd is a Bangladesh-based syringe and medical device manufacturing company. It manufactures and markets disposable syringe, auto-disable syringe, needle, infusion set, scalp vein set, urine drainage bag, insulin syringe, First AID bandage, riles tube, IV Cannula, feeding tube, and Blood Lancets, and other products.

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