Nano X Imaging (Nano X Imaging) Days Payable : 54.74 (As of Dec. 2023)

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What is Nano X Imaging Days Payable?

Nano X Imaging's average Accounts Payable for the three months ended in Dec. 2023 was $2.47 Mil. Nano X Imaging's Cost of Goods Sold for the three months ended in Dec. 2023 was $4.11 Mil. Hence, Nano X Imaging's Days Payable for the three months ended in Dec. 2023 was 54.74.

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

NNOX' s Days Payable Range Over the Past 10 Years
Min: 71.85 Med: 79.73 Max: 231.3
Current: 71.85

During the past 6 years, Nano X Imaging's highest Days Payable was 231.30. The lowest was 71.85. And the median was 79.73.

NNOX's Days Payable is ranked worse than
51.15% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.355 vs NNOX: 71.85

Nano X Imaging's Days Payable declined from Dec. 2022 (108.29) to Dec. 2023 (54.74). It may suggest that Nano X Imaging accelerated paying its suppliers.

Nano X Imaging Days Payable Historical Data

The historical data trend for Nano X Imaging'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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Nano X Imaging Days Payable Chart

Nano X Imaging Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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231.30

79.73

76.58

Nano X Imaging Quarterly Data
	Dec18	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															108.29	84.30	82.04	61.69	54.74

Competitive Comparison of Nano X Imaging's Days Payable

For the Medical Devices subindustry, Nano X Imaging'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.

Nano X Imaging's Days Payable Distribution in the Medical Devices & Instruments Industry

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

* The bar in red indicates where Nano X Imaging's Days Payable falls into.

Nano X Imaging 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.

Nano X Imaging'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
=	( (3.619	+	3.303)	/	2 )	/	16.497	*	365
=	3.461					/	16.497	*	365
=	76.58

Nano X Imaging'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
=	( (1.632	+	3.303)	/	2 )	/	4.113	*	365 / 4
=	2.4675					/	4.113	*	365 / 4
=	54.74

Nano X Imaging Days Payable Related Terms

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Nano X Imaging (Nano X Imaging) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Nano X Imaging Ltd (NAS:NNOX) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

N/A

Address

Communications Center, Neve Ilan, Jerusalem, ISR, 9085000

Website

https://www.nanox.vision

Nano X Imaging Ltd is engaged in the business of manufacturing medical imaging systems. It offers a Nanox System which is a combination of hardware and software. It develops a prototype of the Nanox.ARC, a medical imaging system incorporating its novel digital X-ray source; and Nanox.CLOUD, a companion cloud-based software that will allow for the delivery of medical screening as a service.