Next Science (ASX:NXS) Days Payable : 162.05 (As of Dec. 2023)

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What is Next Science Days Payable?

Next Science's average Accounts Payable for the six months ended in Dec. 2023 was A$3.53 Mil. Next Science's Cost of Goods Sold for the six months ended in Dec. 2023 was A$3.98 Mil. Hence, Next Science's Days Payable for the six months ended in Dec. 2023 was 162.05.

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

ASX:NXS' s Days Payable Range Over the Past 10 Years
Min: 72.98 Med: 103.96 Max: 574.88
Current: 116.63

During the past 6 years, Next Science's highest Days Payable was 574.88. The lowest was 72.98. And the median was 103.96.

ASX:NXS's Days Payable is ranked better than
63.79% of 972 companies
in the Drug Manufacturers industry
Industry Median: 89.36 vs ASX:NXS: 116.63

Next Science's Days Payable declined from Dec. 2022 (175.07) to Dec. 2023 (162.05). It may suggest that Next Science accelerated paying its suppliers.

Next Science Days Payable Historical Data

The historical data trend for Next Science'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.

* Premium members only.

Next Science Days Payable Chart

Next Science Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Payable

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574.88

437.90

96.16

103.96

72.98

Next Science Semi-Annual Data
	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Days Payable	Get a 7-Day Free Trial					124.48	225.80	175.07	119.22	162.05

Competitive Comparison of Next Science's Days Payable

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

Next Science's Days Payable Distribution in the Drug Manufacturers Industry

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

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

Next Science 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.

Next Science'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
=	( (1.443	+	2.108)	/	2 )	/	8.88	*	365
=	1.7755					/	8.88	*	365
=	72.98

Next Science'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
=	( (4.951	+	2.108)	/	2 )	/	3.975	*	365 / 2
=	3.5295					/	3.975	*	365 / 2
=	162.05

Next Science Days Payable Related Terms

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

Next Science (ASX:NXS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Drug Manufacturers » Next Science Ltd (ASX:NXS) » Definitions » Days Payable

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NXSCF:USA

Address

821 Pacific Highway, Suite 1902, Level 19, Tower A, The Zenith Building, Chatswood, NSW, AUS, 2067

Website

https://www.nextscience.com

Next Science Ltd is a medical technology company. It is engaged in the development and commercialization of its proprietary Xbio technology to reduce the impact of biofilm-based infections in human health. Xbio is a non-toxic technology with proven efficacy in eradicating both biofilm based and free-floating bacteria. Its products include Bactisure, SURGX, XEPERIENCE and BLASTX. The company derives revenue from the U.S. and Australia, of which prime revenue is derived from the U.S.

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