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GuruFocus has detected 2 Warning Signs with NovaBay Pharmaceuticals Inc $NBY.
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NovaBay Pharmaceuticals Inc (AMEX:NBY)
Days Payable
123.84 (As of Mar. 2017)

NovaBay Pharmaceuticals Inc's payable for the three months ended in Mar. 2017 was $0.80 Mil. NovaBay Pharmaceuticals Inc's cost of goods sold for the three months ended in Mar. 2017 was $0.59 Mil. Hence, NovaBay Pharmaceuticals Inc's days payable for the three months ended in Mar. 2017 was 123.84.

NBY' s Days Payable Range Over the Past 10 Years
Min: 67.4   Max: 20759.38
Current: 119.32

67.4
20759.38

During the past 13 years, NovaBay Pharmaceuticals Inc's highest Days Payable was 20759.38. The lowest was 67.40. And the median was 1400.67.

NBY's Days Payable is ranked higher than
54% of the 409 Companies
in the Global Biotechnology industry.

( Industry Median: 58.37 vs. NBY: 119.32 )

NovaBay Pharmaceuticals Inc's days payable declined from Mar. 2016 (271.81) to Mar. 2017 (123.84). It may suggest that NovaBay Pharmaceuticals Inc accelerated paying its suppliers.


Definition

Days Payable indicates the number of days that the account payable relative to revenue the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

NovaBay Pharmaceuticals Inc's Days Payable for the fiscal year that ended in Dec. 2016 is calculated as

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.455/2.464*365
=67.40

NovaBay Pharmaceuticals Inc's Days Payable for the quarter that ended in Mar. 2017 is calculated as:

Days Payable=Payable/Cost of Goods Sold*Days in Period
=0.798/0.588*365 / 4
=123.84

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Related Terms

Revenue


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

NovaBay Pharmaceuticals Inc Annual Data

Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15Dec16
DaysPayable 0.000.000.000.000.0020,759.383,771.671,400.67718.7167.40

NovaBay Pharmaceuticals Inc Quarterly Data

Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16Dec16Mar17
DaysPayable 573.001,342.85640.91973.56383.37271.81163.8362.3951.38123.84
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