NovoCure (FRA:038) Days Payable : 241.61 (As of Mar. 2024)

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What is NovoCure Days Payable?

NovoCure's average Accounts Payable for the three months ended in Mar. 2024 was €82.1 Mil. NovoCure's Cost of Goods Sold for the three months ended in Mar. 2024 was €31.0 Mil. Hence, NovoCure's Days Payable for the three months ended in Mar. 2024 was 241.61.

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

FRA:038' s Days Payable Range Over the Past 10 Years
Min: 100.12 Med: 177.88 Max: 369.49
Current: 232.96

During the past 11 years, NovoCure's highest Days Payable was 369.49. The lowest was 100.12. And the median was 177.88.

FRA:038's Days Payable is ranked better than
84.99% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs FRA:038: 232.96

NovoCure's Days Payable declined from Mar. 2023 (258.18) to Mar. 2024 (241.61). It may suggest that NovoCure accelerated paying its suppliers.

NovoCure Days Payable Historical Data

The historical data trend for NovoCure'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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NovoCure Days Payable Chart

NovoCure Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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129.78

161.21

194.50

243.50

259.06

NovoCure Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Days Payable	Get a 7-Day Free Trial															258.18	221.26	228.85	246.37	241.61

Competitive Comparison of NovoCure's Days Payable

For the Medical Devices subindustry, NovoCure'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.

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

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

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

NovoCure 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.

NovoCure'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
=	( (80.426	+	86.557)	/	2 )	/	117.633	*	365
=	83.4915					/	117.633	*	365
=	259.06

NovoCure's Days Payable for the quarter that ended in Mar. 2024 is calculated as:

	Days Payable (Q: Mar. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2023 )	+	Accounts Payable (Q: Mar. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Mar. 2024 )	*	Days in Period
=	( (86.557	+	77.571)	/	2 )	/	30.994	*	365 / 4
=	82.064					/	30.994	*	365 / 4
=	241.61

NovoCure Days Payable Related Terms

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NovoCure (FRA:038) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » NovoCure Ltd (FRA:038) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

NVCR:USA 038:Germany

Address

Grenville Street, No. 4 The Forum, Second Floor, St. Helier, JEY, JE2 4UF

Website

https://www.novocure.com

NovoCure Ltd serves in the healthcare sector of the United States. Its business involves the development, manufacture and commercialization of Tumor Treating Fields (TTFields) devices, including Optune and Optune Lua, for the treatment of solid tumor cancers. Its pipeline consists of Ovarian Cancer, Pancreatic Cancer, Non-Small Cell Lung Cancer, and Brain Metastasis. Products are comprised of two main components: electric field generator and arrays and related accessories. NovoCure derives its major revenues in the United States.

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