Embla Medical hf (Embla Medical hf) Days Payable : 35.58 (As of Mar. 2024)

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What is Embla Medical hf Days Payable?

Embla Medical hf's average Accounts Payable for the three months ended in Mar. 2024 was $31.0 Mil. Embla Medical hf's Cost of Goods Sold for the three months ended in Mar. 2024 was $79.4 Mil. Hence, Embla Medical hf's Days Payable for the three months ended in Mar. 2024 was 35.58.

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

OSSUY' s Days Payable Range Over the Past 10 Years
Min: 31.42 Med: 36.19 Max: 40.87
Current: 35.78

During the past 13 years, Embla Medical hf's highest Days Payable was 40.87. The lowest was 31.42. And the median was 36.19.

OSSUY's Days Payable is ranked worse than
80.41% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 72.685 vs OSSUY: 35.78

Embla Medical hf's Days Payable declined from Mar. 2023 (37.77) to Mar. 2024 (35.58). It may suggest that Embla Medical hf accelerated paying its suppliers.

Embla Medical hf Days Payable Historical Data

The historical data trend for Embla Medical hf'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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Embla Medical hf Days Payable Chart

Embla Medical hf Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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40.40

35.77

32.40

36.23

36.12

Embla Medical hf 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															37.77	35.11	37.82	34.97	35.58

Competitive Comparison of Embla Medical hf's Days Payable

For the Medical Devices subindustry, Embla Medical hf'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.

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

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

* The bar in red indicates where Embla Medical hf's Days Payable falls into.

Embla Medical hf 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.

Embla Medical hf'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
=	( (28.653	+	30.749)	/	2 )	/	300.11	*	365
=	29.701					/	300.11	*	365
=	36.12

Embla Medical hf'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
=	( (30.749	+	31.19)	/	2 )	/	79.417	*	365 / 4
=	30.9695					/	79.417	*	365 / 4
=	35.58

Embla Medical hf Days Payable Related Terms

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Embla Medical hf (Embla Medical hf) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Embla Medical hf (OTCPK:OSSUY) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

OSSFF:USA OSSR:Denmark

Address

Grjothals 5, Reykjavik, ISL

Website

https://www.ossur.com

Ossur hf is engaged in the design, development, manufacture, and sale of prosthetics and bracing & support products. The company's products improve mobility through technologies in the field of braces, supports, prosthetic limbs, and compression therapy. Its segments are the Bracing & Supports and Prosthetics segment. The bracing & support products are used to support joints and other body parts for therapeutic and preventative purposes. The Prosthetics segment includes artificial limbs and related products for individuals born without limbs. Its geographical segments are the Americas; Europe, the Middle East & Africa (EMEA); and the Americas & Asia-Pacific (APAC), of which the Americas generate nearly half of the company's revenue.