OptiBiotix Health (LSE:OPTI) Days Payable : 333.32 (As of Jun. 2023)

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What is OptiBiotix Health Days Payable?

OptiBiotix Health's average Accounts Payable for the six months ended in Jun. 2023 was £0.35 Mil. OptiBiotix Health's Cost of Goods Sold for the six months ended in Jun. 2023 was £0.19 Mil. Hence, OptiBiotix Health's Days Payable for the six months ended in Jun. 2023 was 333.32.

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

LSE:OPTI' s Days Payable Range Over the Past 10 Years
Min: 49.32 Med: 134.82 Max: 526.94
Current: 334.67

During the past 12 years, OptiBiotix Health's highest Days Payable was 526.94. The lowest was 49.32. And the median was 134.82.

LSE:OPTI's Days Payable is ranked better than
70.35% of 715 companies
in the Biotechnology industry
Industry Median: 148.78 vs LSE:OPTI: 334.67

OptiBiotix Health's Days Payable declined from Jun. 2022 (1,087.00) to Jun. 2023 (333.32). It may suggest that OptiBiotix Health accelerated paying its suppliers.

OptiBiotix Health Days Payable Historical Data

The historical data trend for OptiBiotix Health'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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OptiBiotix Health Days Payable Chart

OptiBiotix Health Annual Data

Trend

Jul10

Jul12

Nov14

Nov15

Nov16

Nov17

Nov18

Dec20

Dec21

Dec22

Days Payable

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49.32

141.94

134.82

131.10

526.94

OptiBiotix Health Semi-Annual Data
	Jul12	Jan13	May14	Nov14	May15	Nov15	May16	Nov16	May17	Nov17	May18	Nov18	May19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23
Days Payable	Get a 7-Day Free Trial															151.88	199.52	1,087.00	260.88	333.32

Competitive Comparison of OptiBiotix Health's Days Payable

For the Biotechnology subindustry, OptiBiotix Health'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.

OptiBiotix Health's Days Payable Distribution in the Biotechnology Industry

For the Biotechnology industry and Healthcare sector, OptiBiotix Health's Days Payable distribution charts can be found below:

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

OptiBiotix Health 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.

OptiBiotix Health's Days Payable for the fiscal year that ended in Dec. 2022 is calculated as

	Days Payable (A: Dec. 2022 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Dec. 2021 )	+	Accounts Payable (A: Dec. 2022 ))	/	count )	/	Cost of Goods Sold (A: Dec. 2022 )	*	Days in Period
=	( (0.424	+	0.191)	/	2 )	/	0.213	*	365
=	0.3075					/	0.213	*	365
=	526.94

OptiBiotix Health's Days Payable for the quarter that ended in Jun. 2023 is calculated as:

	Days Payable (Q: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Dec. 2022 )	+	Accounts Payable (Q: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Jun. 2023 )	*	Days in Period
=	( (0.191	+	0.514)	/	2 )	/	0.193	*	365 / 2
=	0.3525					/	0.193	*	365 / 2
=	333.32

OptiBiotix Health Days Payable Related Terms

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OptiBiotix Health (LSE:OPTI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Biotechnology » OptiBiotix Health PLC (LSE:OPTI) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OPTI.GB:UK OB3:Germany

Address

Innovation Centre, Innovation Way, Heslington, York, GBR, YO10 5DG

Website

https://www.optibiotix.com

OptiBiotix Health PLC is engaged in the field of healthcare. As a life science company, its prime focus lies in researching the area of biotechnology. Its activities include the identification of microbial strains, compounds, and formulations for use in food ingredients, supplements, and active compounds that can impact human physiology, deriving potential health benefits. The company derives majority of the revenue from the sale of Functional Fibres. The company markets its products in the United Kingdom under trademark names such as OptiBiotix, SweetBiotix, and SkinBioTherapeutics.