Escalon Medical (Escalon Medical) Days Payable : 60.04 (As of Dec. 2023)

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What is Escalon Medical Days Payable?

Escalon Medical's average Accounts Payable for the three months ended in Dec. 2023 was $1.06 Mil. Escalon Medical's Cost of Goods Sold for the three months ended in Dec. 2023 was $1.61 Mil. Hence, Escalon Medical's Days Payable for the three months ended in Dec. 2023 was 60.04.

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

ESMC' s Days Payable Range Over the Past 10 Years
Min: 43.67 Med: 61.52 Max: 65.89
Current: 62.43

During the past 13 years, Escalon Medical's highest Days Payable was 65.89. The lowest was 43.67. And the median was 61.52.

ESMC's Days Payable is ranked worse than
56.62% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.685 vs ESMC: 62.43

Escalon Medical's Days Payable declined from Dec. 2022 (68.02) to Dec. 2023 (60.04). It may suggest that Escalon Medical accelerated paying its suppliers.

Escalon Medical Days Payable Historical Data

The historical data trend for Escalon Medical'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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Escalon Medical Days Payable Chart

Escalon Medical Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

Get a 7-Day Free Trial

43.67

50.14

56.24

63.29

60.42

Escalon Medical 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															68.02	62.83	61.29	64.58	60.04

Competitive Comparison of Escalon Medical's Days Payable

For the Medical Devices subindustry, Escalon Medical'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.

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

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

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

Escalon Medical 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.

Escalon Medical'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
=	( (1.012	+	1.206)	/	2 )	/	6.699	*	365
=	1.109					/	6.699	*	365
=	60.42

Escalon Medical'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
=	( (1.128	+	0.988)	/	2 )	/	1.608	*	365 / 4
=	1.058					/	1.608	*	365 / 4
=	60.04

Escalon Medical Days Payable Related Terms

Thank you for viewing the detailed overview of Escalon Medical's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Escalon Medical (Escalon Medical) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Escalon Medical Corp (OTCPK:ESMC) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

435 Devon Park Drive, Suite 824, Wayne, PA, USA, 19087

Website

https://www.escalonmedical.com

Escalon Medical Corp operates in the healthcare market specializing in the development, manufacture, marketing, and distribution of medical devices and pharmaceuticals in the area of ophthalmology. Its products are A-Scans, B-Scans, UBM, Pachymeters, Color/Fluorescein Angiography Digital Imaging Systems, Ispan Intraocular Gases, Surgical Packs, Viscous Fluid Transfer Systems, and AXIS Image Management. Substantial revenue is generated from the domestic sales of products.

Executives

David James Jacovini	director	120 PINE STREET, PHILADELPHIA PA 19106
John Dogum	director	1818 MARKET STREET, 35TH FLOOR, PHILADELPHIA PA 19103
Richard J Depiano	director	435 DEVON PARK DRIVE, SUITE 100, WAYNE PA 19087
Lisa A Napolitano	director	351 EAST CONESTOGA ROAD, WAYNE PA 19087
C Sean Closkey	director	1700 MARKET STREET, 19TH FLOOR, PHILADELPHIA PA 19103
C Todd Trusk	director	1410 RUSSELL ROAD, SUITE 100, WAYNE PA 19301
Robert Michael O'connor	officer: Chief Financial Officer	53 SORREL RUN, MT. LAUREL NJ 08054
Anthony J Coppola	director	1 NORTH NEW YORK ROAD, SMITHVILLE NJ 08205
Federman Jay L Md	director	501 N. ESSEX AVENUE, NARBERTH PA 19072
Kwan William L G	director	351 EAST CONESTOGA ROAD, WAYNE PA 19087
Mark Wallace	officer: Chief Operating Officer	565 E SWEDESFORD ROAD, STE 200, WAYNE PA 19087
Fred G Choate	director	601 DELSEA DRIVE, WASHINGTON TOWNSHIP NJ 08080
Depiano Richard J Jr	officer: President	575 E. SWEDESFORD ROAD, SUITE 100, WAYNE PA 19087
Berkowitz David	officer: Principal Accounting Officer	565 EAST SWEDESFORD ROAD, SUITE 200, WAYNE PA 19087
Mark H Karsch	officer: CFO	565 EAST SWEDESFORD ROAD, SUITE 200, WAYNE PA 19087

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