Tecan Group AG (XSWX:TECN) Days Payable

: 21.18 (As of Dec. 2023)

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Tecan Group AG's average Accounts Payable for the six months ended in Dec. 2023 was CHF40 Mil. Tecan Group AG's Cost of Goods Sold for the six months ended in Dec. 2023 was CHF347 Mil. Hence, Tecan Group AG's Days Payable for the six months ended in Dec. 2023 was 21.18.

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

XSWX:TECN' s Days Payable Range Over the Past 10 Years
Min: 10.81 Med: 15.71 Max: 21
Current: 20.43

During the past 13 years, Tecan Group AG's highest Days Payable was 21.00. The lowest was 10.81. And the median was 15.71.

XSWX:TECN's Days Payable is ranked worse than
93.13% of 786 companies
in the Medical Devices & Instruments industry
Industry Median: 73.405 vs XSWX:TECN: 20.43

Tecan Group AG's Days Payable increased from Dec. 2022 (17.29) to Dec. 2023 (21.18). It may suggest that Tecan Group AG delayed paying its suppliers.

Tecan Group AG Days Payable Historical Data

The historical data trend for Tecan Group AG'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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Tecan Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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13.32

10.81

13.37

15.98

19.61

Tecan Group AG 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															11.69	15.74	17.29	20.49	21.18

Competitive Comparison

For the Medical Instruments & Supplies subindustry, Tecan Group AG'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.

Tecan Group AG Days Payable Distribution

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

* The bar in red indicates where Tecan Group AG's Days Payable falls into.

Tecan Group AG 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.

Tecan Group AG'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
=	( (34.28	+	39.202)	/	2 )	/	683.92	*	365
=	36.741					/	683.92	*	365
=	19.61

Tecan Group AG'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
=	( (41.355	+	39.202)	/	2 )	/	347.024	*	365 / 2
=	40.2785					/	347.024	*	365 / 2
=	21.18

Tecan Group AG Days Payable Related Terms

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Tecan Group AG (XSWX:TECN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Tecan Group AG (XSWX:TECN) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

TCGGY:USA TCHBF:USA TECNz:UK

Address

Seestrasse 103, Mannedorf, CHE, 8708

Website

https://www.tecan.com

Tecan Group AG sells automated laboratory instruments and solutions for the diagnostics and life science research markets. The firm operates in two segments; Life Sciences Business (end-customer business) segment supplies end users with automated workflow solutions directly. These solutions include laboratory instruments, software packages, application know-how, services, consumables, and spare parts, and Partnering Business (OEM business) segment develops and manufactures OEM instruments and components that are distributed by partner companies under their own names. A majority proportion of Tecan's revenue is generated in the Americas and Europe.

Tecan Group AG (XSWX:TECN) Headlines

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