Profound Medical (TSX:PRN) Days Payable : 255.38 (As of Dec. 2023)

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What is Profound Medical Days Payable?

Profound Medical's average Accounts Payable for the three months ended in Dec. 2023 was C$3.57 Mil. Profound Medical's Cost of Goods Sold for the three months ended in Dec. 2023 was C$1.27 Mil. Hence, Profound Medical's Days Payable for the three months ended in Dec. 2023 was 255.38.

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

TSX:PRN' s Days Payable Range Over the Past 10 Years
Min: 250.77 Med: 346.02 Max: 937.87
Current: 306.29

During the past 10 years, Profound Medical's highest Days Payable was 937.87. The lowest was 250.77. And the median was 346.02.

TSX:PRN's Days Payable is ranked better than
88.41% of 785 companies
in the Medical Devices & Instruments industry
Industry Median: 73.19 vs TSX:PRN: 306.29

Profound Medical's Days Payable declined from Dec. 2022 (265.58) to Dec. 2023 (255.38). It may suggest that Profound Medical accelerated paying its suppliers.

Profound Medical Days Payable Historical Data

The historical data trend for Profound Medical'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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Profound Medical Days Payable Chart

Profound Medical Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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609.39

309.50

305.57

250.77

346.02

Profound Medical 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															265.58	287.41	375.58	300.25	255.38

Competitive Comparison of Profound Medical's Days Payable

For the Medical Devices subindustry, Profound Medical'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.

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

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

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

Profound Medical 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.

Profound Medical'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
=	( (2.762	+	4.403)	/	2 )	/	3.779	*	365
=	3.5825					/	3.779	*	365
=	346.02

Profound Medical'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
=	( (2.728	+	4.403)	/	2 )	/	1.274	*	365 / 4
=	3.5655					/	1.274	*	365 / 4
=	255.38

Profound Medical Days Payable Related Terms

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Profound Medical (TSX:PRN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Profound Medical Corp (TSX:PRN) » Definitions » Days Payable

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PROF:USA

Address

2400 Skymark Avenue, Unit 6, Mississauga, ON, CAN, L4W 5K5

Website

https://www.profoundmedical.com

Profound Medical Corp is a commercial-stage medical device company focused on the development and marketing of customizable, incision-free therapeutic systems for the image-guided ablation of diseased tissue utilizing its platform technologies and leveraging the healthcare system's existing imaging infrastructure. The company's product TULSA-PRO system combines real-time MRI, robotically driven transurethral sweeping-action thermal ultrasound with closed-loop temperature feedback control for the ablation of prostate tissue. The product is comprised of one-time-use devices and durable equipment that are used in conjunction with a customer's existing MRI scanner.