Cochlear (Cochlear) Days Payable : 165.46 (As of Dec. 2023)

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What is Cochlear Days Payable?

Cochlear's average Accounts Payable for the six months ended in Dec. 2023 was $173 Mil. Cochlear's Cost of Goods Sold for the six months ended in Dec. 2023 was $191 Mil. Hence, Cochlear's Days Payable for the six months ended in Dec. 2023 was 165.46.

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

CHEOF' s Days Payable Range Over the Past 10 Years
Min: 115 Med: 146.87 Max: 193.29
Current: 159.89

During the past 13 years, Cochlear's highest Days Payable was 193.29. The lowest was 115.00. And the median was 146.87.

CHEOF's Days Payable is ranked better than
79.64% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.405 vs CHEOF: 159.89

Cochlear's Days Payable declined from Dec. 2022 (178.25) to Dec. 2023 (165.46). It may suggest that Cochlear accelerated paying its suppliers.

Cochlear Days Payable Historical Data

The historical data trend for Cochlear'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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Cochlear Days Payable Chart

Cochlear Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Days Payable

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162.42

170.16

154.25

201.21

192.13

Cochlear Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial															169.87	181.89	178.25	165.20	165.46

Competitive Comparison of Cochlear's Days Payable

For the Medical Devices subindustry, Cochlear'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.

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

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

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

Cochlear 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.

Cochlear's Days Payable for the fiscal year that ended in Jun. 2023 is calculated as

	Days Payable (A: Jun. 2023 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2022 )	+	Accounts Payable (A: Jun. 2023 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2023 )	*	Days in Period
=	( (163.317	+	181.477)	/	2 )	/	327.517	*	365
=	172.397					/	327.517	*	365
=	192.13

Cochlear'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: Jun. 2023 )	+	Accounts Payable (Q: Dec. 2023 ))	/	count )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
=	( (181.477	+	165.395)	/	2 )	/	191.298	*	365 / 2
=	173.436					/	191.298	*	365 / 2
=	165.46

Cochlear Days Payable Related Terms

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Cochlear (Cochlear) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Cochlear Ltd (OTCPK:CHEOF) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

CHEOY:USA OC5:Germany COH:Australia

Address

1 University Avenue, Macquarie University, Sydney, NSW, AUS, 2109

Website

https://www.cochlear.com

Cochlear is the leading cochlear implant device manufacturer with around 60% global market share. Developed markets contribute 80% of group revenue where cochlear implants are the standard of care for children with severe to profound hearing loss. The company also actively targets the growing cohort of seniors in developed markets. Tender-oriented emerging markets contribute the remaining 20% of group revenue. Main products include cochlear implants, bone-anchored hearing aids, and associated sound processors. In fiscal 2020, 49% of revenue came from the Americas, 35% from Europe, the Middle East, and Africa, and 16% from the Asia-Pacific segment.