Biotage AB (Biotage AB) Days Payable

: 47.27 (As of Dec. 2023)

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Biotage AB's average Accounts Payable for the three months ended in Dec. 2023 was $12.6 Mil. Biotage AB's Cost of Goods Sold for the three months ended in Dec. 2023 was $24.4 Mil. Hence, Biotage AB's Days Payable for the three months ended in Dec. 2023 was 47.27.

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

BITGF' s Days Payable Range Over the Past 10 Years
Min: 33.37 Med: 43.88 Max: 54.39
Current: 54.39

During the past 13 years, Biotage AB's highest Days Payable was 54.39. The lowest was 33.37. And the median was 43.88.

BITGF's Days Payable is ranked worse than
64.76% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.405 vs BITGF: 54.39

Biotage AB's Days Payable increased from Dec. 2022 (37.02) to Dec. 2023 (47.27). It may suggest that Biotage AB delayed paying its suppliers.

Biotage AB Days Payable Historical Data

The historical data trend for Biotage AB'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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Biotage AB Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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43.29

37.69

42.63

35.71

39.50

Biotage AB Quarterly Data
	Mar19	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															37.02	39.33	59.89	86.62	47.27

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Biotage AB'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.

Biotage AB Days Payable Distribution

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

* The bar in red indicates where Biotage AB's Days Payable falls into.

Biotage AB 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.

Biotage AB'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
=	( (5.492	+	9.554)	/	2 )	/	69.509	*	365
=	7.523					/	69.509	*	365
=	39.50

Biotage AB'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
=	( (15.697	+	9.554)	/	2 )	/	24.372	*	365 / 4
=	12.6255					/	24.372	*	365 / 4
=	47.27

Biotage AB Days Payable Related Terms

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Biotage AB (Biotage AB) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Biotage AB (OTCPK:BITGF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

BIOT:Sweden 0GRP:UK PQX1:Germany

Address

Vimpelgatan 5, Box 8, Uppsala, SWE, 751 03

Website

https://www.biotage.com

Biotage AB provides separation technology and solutions for analytical and organic chemistry from research to commercial analytical laboratories and industrial applications. Its customers span a broad range of market segments including pharmaceutical, biotech, diagnostic, contract research, and contract manufacturers as well as clinical, forensic, and academic laboratories in addition to organizations focused on food safety, clean water, and environmental sustainability. It serves three geographic markets: The Americas, APAC (Asia-Pacific,) and EMEA (Europe, Middle East & Africa). The company's product areas include Small Molecules & Synthetic Therapeutics, Biologics & Advanced Therapeutics, Scale-Up, Diagnostics, Analytical Testing, and Water & Environmental Testing.