ASAPF (Aurora Spine) Days Payable : 89.68 (As of Sep. 2024)

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What is Aurora Spine Days Payable?

Aurora Spine's average Accounts Payable for the three months ended in Sep. 2024 was $1.85 Mil. Aurora Spine's Cost of Goods Sold for the three months ended in Sep. 2024 was $1.89 Mil. Hence, Aurora Spine's Days Payable for the three months ended in Sep. 2024 was 89.68.

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

ASAPF' s Days Payable Range Over the Past 10 Years
Min: 65.56 Med: 144.3 Max: 259.75
Current: 131.81

During the past 11 years, Aurora Spine's highest Days Payable was 259.75. The lowest was 65.56. And the median was 144.30.

ASAPF's Days Payable is ranked better than
74.65% of 793 companies
in the Medical Devices & Instruments industry
Industry Median: 70.23 vs ASAPF: 131.81

Aurora Spine's Days Payable declined from Sep. 2023 (180.32) to Sep. 2024 (89.68). It may suggest that Aurora Spine accelerated paying its suppliers.

Aurora Spine Days Payable Historical Data

The historical data trend for Aurora Spine'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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Aurora Spine Days Payable Chart

Aurora Spine Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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104.66

141.85

127.18

136.40

169.95

Aurora Spine Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Days Payable	Get a 7-Day Free Trial															180.32	166.67	150.62	119.58	89.68

Competitive Comparison of Aurora Spine's Days Payable

For the Medical Devices subindustry, Aurora Spine'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.

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

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

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

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Aurora Spine 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.

Aurora Spine'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
=	( (2.833	+	3.042)	/	2 )	/	6.309	*	365
=	2.9375					/	6.309	*	365
=	169.95

Aurora Spine's Days Payable for the quarter that ended in Sep. 2024 is calculated as:

	Days Payable (Q: Sep. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (Q: Jun. 2024 )	+	Accounts Payable (Q: Sep. 2024 ))	/	count )	/	Cost of Goods Sold (Q: Sep. 2024 )	*	Days in Period
=	( (2.009	+	1.696)	/	2 )	/	1.885	*	365 / 4
=	1.8525					/	1.885	*	365 / 4
=	89.68

Aurora Spine Days Payable Related Terms

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Aurora Spine Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Aurora Spine Corp (OTCPK:ASAPF) » Definitions » Days Payable

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ASG:Canada

Address

20 Holly Street, Suite 300, Toronto, ON, CAN, M4S 3B1

Website

https://www.aurora-spine.com

Aurora Spine Corp is engaged in the business of the development and commercialization of minimally invasive interspinous fusion systems and devices. The product portfolio includes implants, surgical tools, and biologics. It derives revenues primarily from the sale of spinal surgery implants, consumable products used in spinal surgeries, and service revenue for referring products to its customers.