ConvaTec Group (LSE:CTEC) Days Payable : 91.51 (As of Dec. 2023)

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What is ConvaTec Group Days Payable?

ConvaTec Group's average Accounts Payable for the six months ended in Dec. 2023 was £190 Mil. ConvaTec Group's Cost of Goods Sold for the six months ended in Dec. 2023 was £378 Mil. Hence, ConvaTec Group's Days Payable for the six months ended in Dec. 2023 was 91.51.

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

LSE:CTEC' s Days Payable Range Over the Past 10 Years
Min: 38.27 Med: 44.74 Max: 76.99
Current: 76.99

During the past 11 years, ConvaTec Group's highest Days Payable was 76.99. The lowest was 38.27. And the median was 44.74.

LSE:CTEC's Days Payable is ranked better than
53.05% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.855 vs LSE:CTEC: 76.99

ConvaTec Group's Days Payable increased from Dec. 2022 (78.22) to Dec. 2023 (91.51). It may suggest that ConvaTec Group delayed paying its suppliers.

ConvaTec Group Days Payable Historical Data

The historical data trend for ConvaTec Group'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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ConvaTec Group Days Payable Chart

ConvaTec Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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38.27

39.82

42.64

41.28

49.12

ConvaTec Group Semi-Annual Data
	Dec13	Dec14	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														74.45	76.37	78.22	90.37	91.51

Competitive Comparison of ConvaTec Group's Days Payable

For the Medical Instruments & Supplies subindustry, ConvaTec Group'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.

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

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

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

ConvaTec Group 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.

ConvaTec Group'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
=	( (92.116	+	108.151)	/	2 )	/	744.022	*	365
=	100.1335					/	744.022	*	365
=	49.12

ConvaTec Group'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
=	( (271.102	+	108.151)	/	2 )	/	378.173	*	365 / 2
=	189.6265					/	378.173	*	365 / 2
=	91.51

ConvaTec Group Days Payable Related Terms

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ConvaTec Group (LSE:CTEC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ConvaTec Group PLC (LSE:CTEC) » Definitions » Days Payable

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CNVVF:USA CNVVY:USA CTECl:UK

Address

23 Forbury Road, 3 Forbury Place, Reading, GBR, RG1 3JH

Website

https://www.convatecgroup.com

Originally spun out of Bristol-Myers Squibb, Convatec designs, manufactures, and markets advanced wound care, ostomy, continence care, and infusion sets for the acute-care hospital and chronic-care home settings. Advanced wound care and continence care are the largest divisions, accounting for 30% and 26% of total revenue, respectively. Ostomy contributes 25% of revenue and infusion sets 19%.