Medicure (TSXV:MPH) Days Payable : 223.81 (As of Dec. 2023)

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What is Medicure Days Payable?

Medicure's average Accounts Payable for the three months ended in Dec. 2023 was C$6.64 Mil. Medicure's Cost of Goods Sold for the three months ended in Dec. 2023 was C$2.71 Mil. Hence, Medicure's Days Payable for the three months ended in Dec. 2023 was 223.81.

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

TSXV:MPH' s Days Payable Range Over the Past 10 Years
Min: 275.75 Med: 693.24 Max: 1489.92
Current: 415.22

During the past 13 years, Medicure's highest Days Payable was 1489.92. The lowest was 275.75. And the median was 693.24.

TSXV:MPH's Days Payable is ranked better than
92.34% of 979 companies
in the Drug Manufacturers industry
Industry Median: 86.3 vs TSXV:MPH: 415.22

Medicure's Days Payable declined from Sep. 2022 (480.06) to Dec. 2023 (223.81). It may suggest that Medicure accelerated paying its suppliers.

Medicure Days Payable Historical Data

The historical data trend for Medicure'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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Medicure Days Payable Chart

Medicure Annual Data

Trend

May14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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596.31

460.84

275.75

360.20

348.92

Medicure Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Sep23	Dec23
Days Payable	Get a 7-Day Free Trial															480.06	314.15	338.03	405.87	223.81

Competitive Comparison of Medicure's Days Payable

For the Drug Manufacturers - Specialty & Generic subindustry, Medicure'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.

Medicure's Days Payable Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Medicure's Days Payable distribution charts can be found below:

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

Medicure 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.

Medicure'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
=	( (7.128	+	7.603)	/	2 )	/	7.705	*	365
=	7.3655					/	7.705	*	365
=	348.92

Medicure'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
=	( (5.671	+	7.603)	/	2 )	/	2.706	*	365 / 4
=	6.637					/	2.706	*	365 / 4
=	223.81

Medicure Days Payable Related Terms

Thank you for viewing the detailed overview of Medicure's Days Payable provided by GuruFocus.com. Please click on the following links to see related term pages.

Medicure (TSXV:MPH) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Medicure Inc (TSXV:MPH) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

MCUJF:USA NGQ1:Germany

Address

2 - 1250 Waverley Street, Winnipeg, MB, CAN, R3T 6C6

Website

https://www.medicure.com

Medicure Inc is a biopharmaceutical company. It is involved in the research, clinical development, and commercialization of human therapeutics for the United States hospital market. Further, it also operates a specialty pharmacy in the United States of America. The company's present focus is the sale and marketing of its cardiovascular products, AGGRASTAT, ZYPITAMAG, and developing its e-commerce and mail order pharmaceutical business. The company operates in two segments namely, Marketing and distribution of commercial products and, Retail and mail order pharmacy. The majority of the company's revenue is generated from the marketing and distribution of the commercial products segment.

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