ResMed (ASX:RMD) Days Payable : 44.22 (As of Sep. 2024)

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What is ResMed Days Payable?

ResMed's average Accounts Payable for the three months ended in Sep. 2024 was A$363 Mil. ResMed's Cost of Goods Sold for the three months ended in Sep. 2024 was A$749 Mil. Hence, ResMed's Days Payable for the three months ended in Sep. 2024 was 44.22.

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

ASX:RMD' s Days Payable Range Over the Past 10 Years
Min: 30.3 Med: 35.87 Max: 45.53
Current: 37.45

During the past 13 years, ResMed's highest Days Payable was 45.53. The lowest was 30.30. And the median was 35.87.

ASX:RMD's Days Payable is ranked worse than
77.9% of 792 companies
in the Medical Devices & Instruments industry
Industry Median: 69.87 vs ASX:RMD: 37.45

ResMed's Days Payable increased from Sep. 2023 (29.20) to Sep. 2024 (44.22). It may suggest that ResMed delayed paying its suppliers.

ResMed Days Payable Historical Data

The historical data trend for ResMed'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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ResMed Days Payable Chart

ResMed Annual Data

Trend

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Jun24

Days Payable

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36.93

38.77

33.60

29.60

34.78

ResMed 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															29.20	34.21	34.00	37.51	44.22

Competitive Comparison of ResMed's Days Payable

For the Medical Instruments & Supplies subindustry, ResMed'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.

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

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

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

ResMed 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.

ResMed's Days Payable for the fiscal year that ended in Jun. 2024 is calculated as

	Days Payable (A: Jun. 2024 )
=	Average Accounts Payable					/	Cost of Goods Sold	*	Days in Period
=	( (Accounts Payable (A: Jun. 2023 )	+	Accounts Payable (A: Jun. 2024 ))	/	count )	/	Cost of Goods Sold (A: Jun. 2024 )	*	Days in Period
=	( (224.626	+	358.018)	/	2 )	/	3057.171	*	365
=	291.322					/	3057.171	*	365
=	34.78

ResMed'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
=	( (358.018	+	368.184)	/	2 )	/	749.268	*	365 / 4
=	363.101					/	749.268	*	365 / 4
=	44.22

ResMed Days Payable Related Terms

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ResMed Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » ResMed Inc (ASX:RMD) » Definitions » Days Payable

Comparable Companies

Traded in Other Exchanges

RSMDF:USA RMD:USA RMD:Mexico 0KW4:UK RME:Germany RME:Germany R1MD34:Brazil RMD:Austria

Address

9001 Spectrum Center Boulevard, San Diego, CA, USA, 92123

Website

https://www.resmed.com

ResMed is one of the largest respiratory care device companies globally, primarily developing and supplying flow generators, masks and accessories for the treatment of sleep apnea. Increasing diagnosis of sleep apnea combined with ageing populations and increasing prevalence of obesity is resulting in a structurally growing market. The company earns roughly two thirds of its revenue in the Americas and the balance across other regions dominated by Europe, Japan and Australia. Recent developments and acquisitions have focused on digital health as ResMed is aiming to differentiate itself through the provision of clinical data for use by the patient, medical care advisor and payer in the out-of-hospital setting.